Stability is most effective policy for job creation
Saying the Government favours balancing the books and the banks over stimulus misses the point, writes Alan Ruddock
Published 10/01/2010 | 05:00
According to Leo Varadkar, Fine Gael's spokesman on employment, the Government "has become obsessed with balancing the books and the banks, and has done nothing about the collapse of the real economy and the ongoing haemorrhage of jobs".
Varadkar was speaking after the publication of the latest Live Register figures, which showed yet another monthly rise and confirmed that more than 133,000 people had joined the register since December 2008. The only good news was that the rate of increase is now slowing, helped by the departure of migrant workers.
Jobs, or more precisely the lack of them, will now become the focal point of most criticism levelled at the Government in the coming months. And, since successive Fianna Fail governments enjoyed claiming credit for the jobs boom that was spawned by the economic boom, it will be hard for Cabinet ministers to take refuge in the response that businesses, not governments, create sustainable jobs.