Yesterday evening, the Seanad had an opportunity to discuss the current economic situation we now find ourselves in. We briefly discussed the subject last week and were told that a ‘visionary’ plan would be instigated this week. What Mr Cowen and Mr Lenihan brought forward this week was a list of cuts that were hiding under the term ‘savings’.
Where is the vision we were promised?
For weeks now, we have been told that the economic woes which we are now experiencing have been internationally generated. How can a government claim credit for a good economy but blame the international situation for a downturn? In development after development, whether large or small or in urban or rural areas, it massively over-incentivised the construction sector and failed to direct prudent investment into areas which would have yielded long-term results for the economy.
Above, you will find a video of my contribution to the debate.