Tuesday 6 December 2016

David McWilliams: Don't celebrate yet, the bailout exit is far from 'mission accomplished'

Published 11/12/2013 | 23:33

Ajai Chopra, left, deputy director of the European department of the IMF, and a colleague pass a beggar on their way to the Central Bank during the troika’s first visit to Dublin in November 2010. PETER MORRISON
Ajai Chopra, left, deputy director of the European department of the IMF, and a colleague pass a beggar on their way to the Central Bank during the troika’s first visit to Dublin in November 2010. PETER MORRISON

On May 1, 2003, President George Bush stood on the bridge of the USS Abraham Lincoln. Behind him a massive banner was unfurled, which read "Mission Accomplished". The president declared success in Iraq and assured the American people that the victory was his, Saddam was defeated and there would henceforth be no more combat operations.

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The vast majority of American and Iraqi casualties occurred after this date. In fact, the Iraqi insurgency kicked off after the American mission was declared accomplished.

When I hear our government spin doctors declare that "exiting the bailout" signals a "mission accomplished" moment, I am reminded of Dubya.

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