Posts tagged ‘Taoiseach Brian Cowen’
7 billion “correction”for next budget.???
Image via Wikipedia
Irish prime minister Brian Cowen has refused to rule out a projected 7 billion euro package of spending cuts and tax rises in the forthcoming budget.
Emergency measures could very well reach that scale, despite the fact that it overshadows every previous prediction. The potential figure also comes after an Economic and Social Research Institute (ESRI) warning that the Government’s top-heavy fiscal agenda threatens to keep the nation bogged down in recession.
The Irish cabinet are scheduled to meet on Monday and Tuesday to tackle the deteriorating economic situation. Opposition party Fine Gael finance spokesman Michael Noonan told the press that the 7 billion “correction” option was being considered after his top level civil service briefing this week.
Noonan also indicated that the figure was so huge because 15 billion worth of cuts and tax rises may be needed to get the deficit down to the 3 percent of GDP by the 2014 target, not the previous estimate of €7.5bn. Meanwhile Cowen insisted that nothing had been finalised, but he added that “significant adjustments” would be needed over the next four years.
“There are two different set of numbers now. The difference between 4 billion and 7 billion on a correction in the first budget,” Noonan told the press. “It is hard to see how two respected organisations could arrive at such diametrically different figures.”
Noonan’s comments prompted an immediate response from the finance department, which insisted that opposition spokespeople had been informed a range of fiscal models of 3 billion, 4.5 billion and 7 billion, but “at no point was any specific target given,” they said.
Cowen added the Irish government was consulting with the European Union and waiting to study further growth projections before outlining its plans.
Comment:
No surprises here! but Fine Gael and labour should have known that Last week’s invitation to the Department of Finance was a con job to get them into a position where the government could do exactly do what they are now doing and that is maintaining that the opposition knew all the figures and are afraid to bring in a compatible budget and of course they could now share the blame for the hard measures they must now dish out .
With all this going on everybody is forgetting that the same people in government are now trying to legitimize themselves are being part of the solution for our problems when they should all be in jail
Make no mistake these people should all be in jail!
We the people must not allow these crooks steal our democratic right to have a say in our own nations destiny .
Related Articles
- Budget will be 7billion: Noonan breaks confidentiality on RTE (politics.ie)
- Ireland: No deal with opposition on budget cuts (seattletimes.nwsource.com)
- Cowen: “I believe the pursuit of the national interest and the common good must have priority” (sluggerotoole.com)
Place you’r bets on Bank Of Ireland
A few months ago, I said that Bank of Ireland share price would fall to 55 cent and even lower down to the 20’s . Any of my followers that took heed of my advice will now be nursing huge profits
Bank in April I warned that the rights issue was a complete rip off and the Government went ahead and purchased 575.6 million shares at €1.80 each. So at this mornings prices we the taxpayers have sustained loss again of 70 % = 402.92 million Euros in 5 months
In any other business these incompetent baboons Lenihan and Cowen would be kicked out of office ,Truly monkeys wouldn’t do any worse!
As for the distressed shareholders I afraid there is more bad news on the way .Bank of Ireland I believe ,Is harboring derivatives, and the news cannot be good . Anglo and Allied Irish Bank are also in the dog house and nothing will change the direction of the shares until the full facts are known and I don’t mean the banks telling us fibs we need to have an independent audit done on their derivatives trades of which I believe we are looking at 150billion at least in losses
In other words all the banks are insolvent and we are on course for a final showdown with the IMF having to step in and save the day
Shareholders get rid of the toilet paper you are holding.
http://thepressnet.com/2010/04/29/aib-shares-worth-0-60-cent/
http://thepressnet.com/2010/05/20/ponzi-scheme-warning/
http://thepressnet.com/2010/08/11/bank-of-ireland-posts-huge-losses/
Related Articles
- SF request the Gardaí to invesitigate Cowen, Lenihan and BOI and AIB officials (politics.ie)
- Bank of Ireland could lose £36m after housing developer’s closure (newstatesman.com)
- S&P Downgrades Bank of Ireland Outlook to Negative (nytimes.com)
- Why Ireland can’t afford to punish reckless lenders to its banks (bbc.co.uk)
- Why Ireland is bailing out foreign banks (blogs.reuters.com)
Celebrating again Mr.Cowen?
With headlines like this in the papers is it any wonder the markets don’t believe a word the two Brian’s say??
Cowen continuing to waffle “That morning radio interview”
Listen to the apologizers for Fianna Fail and at the end Brian Clown telling the reporter not to engage in defeatism as a way of deflecting the hard questions
“There is nobody else “says another Fianna Fail supporter as if that was enough to secure their further tenure in the Dail.
This behaviour from Cowen is an affront to the public’s intelligence!
Notice how he brushes aside the concerns of a young person
Apologists for Cowen are currently on the live line show and the just is at a certain age men have a difficulty with their voice early in the morning: What Bull!
I am 4 years older than him and I don’t have any problems with my voice
Jesus how stupid do they thing the general public is? Listen Here
REC003
Cowen and his Lies exposed again!
They say that a picture paints a thousand words so I gusset this picture will help shut off the lies that the government and their spin doctors are churning out to the Irish public
Turning corners what corners?
An Open Letter to Mr. Brian Cowen T.D.
Last February I posted an open letter from a friend of mine to the Taoiseach Brian Cowen of the Republic of Ireland
I believe it’s time to again bring this open letter to the attention to Mr.Cowen
Gilmore criticises Govt economic policies
RTE news reports
Sunday, 16 May 2010 12:30
The Labour Party leader has strongly criticised the Government’s economic policies, accusing the Taoiseach of standing idly by while the economy was taken over by speculators.
Eamon Gilmore was speaking at Arbour Hill in Dublin at the annual James Connolly Commemoration.
He said Taoiseach Brian Cowen is now attempting to rewrite history by whitewashing the past, which he said is a ‘shameful exercise’.
Mr Gilmore also said Fianna Fáil had betrayed the people of Ireland.
He said the National Asset Management Agency is a scheme designed by the golden circle, for the golden circle and delivered in ‘shiny packaging by Fianna Fáil.’
SIPTU General President Jack O’Connor also used the occasion to criticise the Government’s handling of the economy.
Mr O’Connor said the economic crisis has meant sacrifices have to be made by all sections of society, but that no-one should confuse social responsibility with a lack of will to fight.
He said such a fight must be well-informed, strategic and organised. He said public service unions are currently in discussions over what kind of strategy to employ to confront ‘the great challenge of our time’.
Mr O’Connor also described the 1997 Fianna Fáil-Progressive Democrat coalition as a ‘swarm of locusts’ who ‘destroyed any potential for a stable economy’.
He said the ‘swashbuckling winner takes all’ economic model has run its course
Story from RTÉ News:
http://www.rte.ie/news/2010/0516/economy.html
I’m still worth it!
Opposition parties demanded a full apology from the Ceann Comhairle John O’Donoghue tonight claiming his explanation of lavish expenses claims was insufficient.
Mr O’Donoghue broke his silence on controversy over chauffeur-driven limousines, the Cheltenham festival and first-class travel, claiming he accepted some of the bills appeared high.
But in his letter to Dáil colleagues, the Fianna Fáil TD said he expected to be treated with the same privilege as Government ministers at home and a visiting dignitary when abroad.
Fine Gael leader Enda Kenny dismissed the former Arts, Sports and Tourism Minister’s three-page explanation.
“There needs to be a fulsome statement outlining the situation regarding the expenses,” he said.
“It (the letter) was insufficient. A full explanation is required, and an apology.”
Labour’s Róisín Shortall added to the criticisms accusing Mr O’Donoghue of claiming expenses which should not have been run up.
“An honest acknowledgement that some of the expenditure was simply unjustified, an unqualified expression of regret and a forthright apology to the Irish people would have been helpful.”
The Ceann Comhairle has refused to speak publicly on the scandal after he ran up hundreds of thousands on flights, courtesy cars and functions abroad with his wife during his time as a minister.
In his letter he claimed he would not have been told how much ministerial luxuries would cost.
Mr O’Donoghue stopped short of a full and frank apology stating: “I wish to acknowledge that some of the costs incurred appear high.
“I sincerely regret, in so far as I am concerned, that some of these high costs occurred.”
He wrote that he had taken a voluntary 10% pay cut but did not want to draw attention to it – the second time the wage reduction has been put on the public record.
Taoiseach Brian Cowen said new arrangements were now in place to prevent excessive spending.
Mr O’Donoghue’s letter claims he has followed the tradition of the Ceann Comhairle’s office and carefully avoided becoming involved in controversy since taking the role.
The position earns him €125,000 on top of the basic TD salary of more than €100,000.
“It simply would not be proper, however tempting, for me, whether inside the House or outside the house, to become involved in public debate concerning my previous roles as minister,” Mr O’Donoghue wrote.
“Nor would it be proper for me to become involved in matters of public controversy concerning Departments for which, as minister, I have had previous accountability to Dáil Eireann.”
He added: “I want to assure you that I have at all times acted with good faith and with probity.”
Mr O’Donoghue attempted to detach himself from the controversy by first claiming the bills were paid for under statutory rules and later saying expenses were arranged and audited by others.
Mr O’Donoghue said he was at the forefront of attempts to reform Dail spending.
Article taken from link:
photo from machholz
http://breakingnews.iol.ie/news/ireland/opposition-expenses-explanation-falls-short-426330.html
Ship without its Captain.
What would you do, with a captain that steers his ship into a storm and then abandons his ship to go on holidays, in the middle of this storm. Then comes back and blames other crew members
Would you trust in his orders or judgment would you even listen to him?
Or would you show him the Plank?
