Notes on the Front

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

Category: Uncategorized

  • Memory Hole

    On Prime Time Tuesday night, debating the Finance Bill, Fianna Fail’s Michael McGrath thought he was scoring a point on Sinn Fein’s Pearse Doherty by stating: ‘Your plan is to…


  • A New Emergency Budget

    This was originally written for Progressive-Economy.ie Whatever about the disputes over facilitating the passage of the Finance Bill, what people want to know is what parties are going to do…


  • A Tale of Two Graphs

    If a graph can chart a thousand words, how many does two graphs chart? The math is not that simple – especially when you’re comparing Ireland’s comparative standing in both…


  • Bread, Circuses and Conspiracy Theories

    I’m not disposed towards conspiracy theories – the world is, after all, a wide world. So, no, I do think the antics in Fianna Fail are a well-planned ruse to…


  • What does the IMF/EU Really Really Want

    Brian Lenihan and Patrick Honohan inform us that the EU/IMF deal is not written in stone, that it can be ‘renegotiated’ (even, it seems, the interest rate). For progressives, the…


  • HurtlingTowards the Relegation Zone

    We are hurtling towards the economic relegation zone – and few are noticing. Over on Progressive-Economy, Anonymous left a comment on a post I did regarding exports: ‘If what you…


  • Ignore. Downplay. Deny.

    It’s bad enough the debate has not asked the fundamental question of why, after a series of austerity budgets, the deficit did not fall, borrowing costs shot through the roof…


  • Our Hollow Export Model

    There is much commentary about our strong export growth in 2010 and the knock-on effect on corporate tax revenue which came in about 24 percent higher than what the Government…


  • War is Peace, Ignorance is Strength, Deflation is Stimulus

    Welcome to the New Year, same as the old year – if commentary is anything to go by. And to get the year going Colm McCarthy has produced this gem:…


  • The Emerging Progressive Consensus

    The following is a speech I delivered at a public meeting in Dublin hosted by the Communist Party. The fundamental division in the economic debate is between those who support…


  • Stalking the Monsters

    I was never a fan of social partnership. It was based on a flawed economic premise – limiting wage increases in return for income tax cuts; it was hardly a…


  • How Can Anyone Think This Will Work?

    With more interest being expressed (finally, finally) in growth rates, what are the forecasters saying. Well, Ernst & Young forecasts have just been published and their numbers are bad. They…


  • Beware Economists Bearing Models

    So the 2011 budget is reasonably progressive. Indeed, budgets over the last two years have been reasonably progressive (makes one wonder how reactionary a budget has to be before it…


  • Sometimes It’s the Little Things

    Yes, the Government has taken a sledge-hammer to the living standards of low and average income earners. But sometimes it’s the little things that expose the venality of policy –…


  • Some Pensioners Don’t Count

    The Government repeats the mantra – we didn’t touch pensions, we didn’t touch pensions. They’ve been saying that since the beginning of the crisis even though they have cut the…


  • The Creepy Millionaires’ Budget

    The ‘creepy’ is in the detail which the Government didn’t reveal. Social welfare rates will fall by 4 percent (except for pensioners). Regarding low-average earners this is what the budget…


  • A New Deal Moment

    The budget will be nasty, brutal but, unfortunately, not short. Its effects will last – unless people through their popular organisations put enough pressure on the opposition parties to commit…


  • The People’s Budget

    UNITE has published their ‘People’s Budget’ – an alternative to the deflationary orthodoxy that retains its grip on the debate and strategy. The principles behind the strategy are a €15…


  • Does Anyone Else Get This?

    ‘Cause I don’t. Commissioner Rehn announces on Sunday that he ‘strongly’ supports the Government’s National Recovery Plan. He even said: Implementing the plan will offer a “sound basis for stable,…


  • Always Helps to Get Help From Our Friends

    It is understandable that a large section of the population welcomes the coming of the IMF and the EU. They can’t do any worse at running our economy and banks…


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