Thursday 8 December 2016

Ronald Quinlan: The truth hurts -- but it was Kenny's job to spell it out

Reckless lenders only operate with reckless borrowers and we were all up to our necks, writes Ronald Quinlan

Published 29/01/2012 | 05:00

THIS MUCH IS TRUE: Taoiseach Enda Kenny speaking at the World Economic Forum in Davos, Switzerland, last Thursday
THIS MUCH IS TRUE: Taoiseach Enda Kenny speaking at the World Economic Forum in Davos, Switzerland, last Thursday

NO pun intended, but credit where credit is due to Taoiseach Enda Kenny for deciding to tell how things really are in relation to Ireland's economic downfall.

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It's only been seven weeks since the Sunday Independent took issue with Mr Kenny's State of the Nation address, in which he gave the Irish people wholesale absolution for the fiscal sins committed during the bubble years, declaring: "Let me say this to you all: you are not responsible for this crisis."

He said it as if it would make things better, or at least more bearable. Regardless of its efficacy, the Taoiseach's soundbite was welcomed generally by a media long conditioned to feeding 'hard-pressed taxpayers' the line that a golden circle of bankers, developers and politicians had conspired to destroy their lives by forcing them to spend what they had, and borrow for what they could never afford.

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