Notes on the Front

Commentary on Irish Political Economy by Michael Taft, researcher for SIPTU

Month: November 2011

  • Into the Double Dip with a Cup of Earl Grey

    The domestic economy is headed into a double-dip recession according to the ESRI.  And that’s just the beginning of the bad news.  Government ministers and certain commentators will put it…


  • Flying Blind in a Storm Without Radar or Fuel

    The Minister for Finance has said there was a need to have ‘an informed debate’ on the issue of the proposed VAT rises, and ‘not simply resort to rhetoric’.  No…


  • Our Own 1 Percent

    The Dublin Council of Trades Unions’ March Against Austerity tomorrow (12 Noon from the Garden of Remembrance) is taking place against a rising European and global awareness of the power…


  • The €6 Billion Alternative

    Government Ministers are floating all sorts of horror options (medical card fees, closing hospital  beds, cutting education grants and Child Benefit, etc. etc.) while at the same time insisting this…


  • Chasing the Goose in a Dark Landscape

    We’re into the great expectations-management game again.  It happens once a year, just prior to the budget.  ‘Proposals’ are leaked or rumoured.  The media – colluding in this annual exercise…


  • Bad Plan, False Arguments

    This was originally written for Progressive-Economy The Minister for Finance’s comments justifying VAT increases is deeply worrying for it evinces either considerable unfamiliarity with basic economic facts; or considerable indifference…


  • They Cheer, Little Realising they are Cheering Their Own Failure

    Why didn’t the Irish media report this comment by the Minister for Public Expenditure and Reform? ‘Today I am announcing further reductions in Public Service numbers.  I expect this reduction…


  • Is the Government Hiding More Austerity?

    This was originally written for Progressive-Economy.ie The Government may be hiding up to €800 in austerity measures in their recent Medium-Term Fiscal Statement (MTFS).  I use the term ‘may’ because…


  • The Claim of €600 Million in Social Welfare Fraud is a Fraudulent Claim

    This is getting tiresome. ‘Minister of State Fergus O'Dowd has said that the Government believes it can save €600m by tackling social welfare fraud.’ The claim that the level of…


  • Hanging Out in the EU Basement

    If one were to look at the headline rate – GDP – you’d say, well, it’s not great in Ireland but we’re doing better than the Eurozone.  After all, the…


  • When Strong Employment Growth = Higher Unemployment Projections

    So we have more austerity and less growth, more debt and less jobs, more spending cuts and less investment – welcome to the Government’s Medium-Term Fiscal Statement.  You have to…


  • The Economy WIll Recover – But Not in 2012

    If I hear one more time that we have exited the recession I’m going to put my head through the computer screen.  We’ve come to expect this line from Cabinet…


  • ICTU Has the Ideas, Now It Needs a Strategy

    ICTU’s pre-budget submission, ‘Growth is the Key’ poses a direct challenge to the austerity programme being pursued by the Government – in both its critique but, more importantly, in the…


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Commentary on Irish Political Economy by Michael Taft, researcher for SIPTU