Honohan claims to know more about economics than Morgan Kelly!!!

THE governor of the Central Bank, Patrick Honohan, has claimed that Morgan Kelly, the professor of economics who has correctly predicted Ireland's slip into doomsday recession, knows less about economics than him and, had we followed Kelly's plan to save the nation we would now be bankrupt.

mmmm.....

Half a million unemployed.

Thousands of our citizens emigrating.

Extreme austerity measures and more to come.

An even greater gulf between the rich and the poor, as the government decide that ordinary citizens should pay for their mistakes.

Yes, Honohan is obviously right, look how well hes done so far. Isn't it lucky we didn't listen to Kelly? The country might actually be on the road to recovery by now if we had.

Referendum on Scottish Independence?

A referendum on Scottish Independence might now be imminent after the Scottish National Partys good showing in the Scottish parliamentary elections.

The SNP now look to have won a good majority, getting past the half-way point by taking 65 seats. It now looks likely that Alex Salmond's party will be able to announce a long awaited referendum on Scotland's independence from Britain.

Following the “historic” win, Salmond said the days of Labour dominance in central Scotland are “gone forever.”  The SNP victory brought Labour its worst election in the past 80 years forcing nine Labour MSPs who were at Holyrood from its inception in 1999 out of the parliament. The SNP also infiltrated impenetrable Labour bastions by winning constituencies in Glasgow while it won seats in the capital Edinburgh for the first time.

Good little Enda

IMF deputy director in Europe Ajai Chopra yesterday thanked Enda Kenny and the FG/Labour government for keeping Ireland on course to meet its EU/IMF commitments, even when it meant breaking all of their pre election promises and condemning future Irish generations to poverty.

"Enda is a very good little boy," Mr Chopra said, "At first, when I heard his pre election promises, I thought he might be trouble. However, after meeting with him, I learned quickly that he was a gutless, spineless liar who would be prepared to sell his own family for the chance to lead his country. Lying to his people was no problem for a man like Enda."

Mr Chopra went on to praise others in the coalition;
"Mick Noonan has a right tongue on him for kissing ass. He kissed my ass several times. As for Mr Gilmore, the Irish socialist, its amazing how a champagne dinner can turn a crusader for workers rights into a heartless tool of the IMF!"

Screw the Irish Tax Payers!

Irish taxpayers should not complain about having to bailout the country's crisis-hit banks,  according to ECB executive board member Lorenzo Bini Smaghi. In an opinion piece in today's Financial Times,  Mr Bini Smaghi said Ireland's taxpayers should foot the bill as they are the ones that benefited during the pre-crisis boom years and elected the governments that regulated the banks as the problems built. "The principle of 'no taxation without representation' should work both ways. If taxpayers have the right to share in decision-making, they must also accept the consequences," Mr Bini Smaghi wrote.

Mr Bini Smaghi should have researched his opinion piece more thoroughly as it is obvious to anyone with a brain that the vast majority if Irish tax payers did not benefit from the Celtic Tiger boom, unless you call being landed with massive debts and houses that are worth a fraction of the buying cost benefiting.

Mr Smug

Its clear to everyone, including our friend Bini Smaghi, that a small elite were the only ones to benefit from the Celtic Tiger, that this elite compromised the nations future by being completely blinded by their own greed and that this elite wont now pay their fair share towards rebuilding the country so the only option is to screw the people who are not part of the elite.

This is not the first time that the Italian economist has stuck his nose into Irish affairs. In January of this year, Bini Smaghi had the following pop at the Irish Tax Payer.
“WHEN THERE are people who say that the Irish taxpayers are suffering from the problems created by the banking system, I would remind that for many years the Irish taxpayers benefited from that system,” he says.

“Democracies have to be accountable and consistent with their own choices. I don’t think anybody outside Ireland should tell Ireland what to do, but you should not complain if now you have to increase taxes as a result of the choice of economic model the Irish people made.”

Enda Kenny gets Rebranded

Taoiseach Enda Kenny said today that he switched the title of the 'Jobs Budget' to 'Jobs Initiative' because some people were confused about what was being planned.

It seems that the coalition government are going to make a number of rebrandings to clear up other areas of confusion for the general public.

First of all, Fine Gael and Labours pre election promises are from now on to be referred to as the "Little white lies that were told to benefit the Irish people". The Universal Social charge will be rebranded as the "Happy Happy Smiley Face", while the cuts to the minimum wage will be known as "A small little price to pay to feed starving orphans", and of course, no government could ever reverse that!

Health Minister James O Reilly will be rebranded as St James the pious. The bank bail out will now be called the "terrible thing that fianna fail did" and Fianna Fail will be blamed for everything bad that happened during their term in government, and during this government.

Finally, Enda Kenny will be rebranded as E K Dudemister, to put him in touch with the disenfranchised youth of Ireland. He'll broadcast to them via satellite once a week. They should be able to receive it in their squats in Australia.

E K Dudemister