Jun. 26th, 2008

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So we have the OECD telling us our housing market is doomed, the ESRI telling us we're in recession, various goverment rumblings about belt-tightening, and the opposition party accusing the Taoiseach of being personally responsible for the global economic downturn (to be fair, he was the Minister for Finance before he was Taoiseach, but even if you believe that Ireland is one of the richest countries in the EU I don't think our budgetary decisions have had any significant impact in the face of, say, subprime-mortgage-related crashes). In the midst of all this, the general secretary of the IMPACT union suggests that prudent behaviour with regard to wages is "absurd", and also this choice piece of MATH FAIL:
He said: 'What we didn't have in the 80s was the Social Partnership framework that we have been working under for the last 21 years.'
Since, er, 1987 - which is the year that Wall Street crashed rather spectacularly obviously isn't in "the 80s".

(yes, I realise he's more likely to be referring to the early 80s. Let me have my snide remarks, dammit. Also I exaggerate Fine Gael's stance on the handling of the economy for much the same reason.)

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