Monday 5 December 2016

Enda bets on his star's continued rise

Published 28/11/2015 | 02:30

Taoiseach Enda Kenny (left) and Minister for Jobs Richard Bruton plant a tree at the IDA Business and Technology Park in Castlebar. Also pictured are Ita Lynn (left), IDA Acting Regional Business Development Manager for the West, and the IDA’s Property Portfolio Manager Sarah O’Connell
Taoiseach Enda Kenny (left) and Minister for Jobs Richard Bruton plant a tree at the IDA Business and Technology Park in Castlebar. Also pictured are Ita Lynn (left), IDA Acting Regional Business Development Manager for the West, and the IDA’s Property Portfolio Manager Sarah O’Connell

How on earth did Minister Simon Harris keep a straight face when he told an incredulous Sean O'Rourke this week that his Government are not going back to the bad old ways of boom time spending? Accusations from the Fiscal Advisory Council that spending now echoed the bad old days of Fianna Fáil were brushed off with alacrity and a nonchalant political eye-roll.

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Pro-cyclical economics is fiscal policy which pumps money into an economy in an effort to restore it. It's not necessarily a bad policy, but it is a risky one. However, telling people that you are implementing prudent policies and applying fiscal rectitude, while simultaneously pumping €3 billion into an economy is just a lie.

It is the equivalent of this Government pretending they are not celebrating Christmas while there is a massive Christmas tree sitting in their hallway with baubles, twinkling Christmas and a roof bedecked with a flashing neon signs screaming "It's Christmas".

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