Saturday, May 09, 2009

George Lee, Wunderkind Unleashed

The one-time RTÉ economics editor and now-FG candidate for the By-election in Dublin South has unleashed his grand plan for getting the country out of a depression. Conor McCabe over at Dublin Opinion:

Apparently, housing construction is being held back by big government and its VAT rates, and not by the fundamental crisis in the Irish and international banking systems. not only that, more housing is what we need to get us back on the straight and narrow. And mortgages. fucking lots of them. Happy days again.

As if on cue, we've also now got EU Commissioner Charlie McCreevey begging us not to eat the rich:

"But it is essential that we remain focused on the dynamic and human nature that drives risk-taking, economic activity and tax revenues forward and that we guard against policies and tax-rates that drive risk-taking, economic activity and tax revenues backwards.

"Put simply, it's not higher tax rates that generate higher tax revenues, it is higher economic activity that generates them. We can sink or swim, but if we lose sight of these simple facts, we will certainly sink," he said.

Damned right. If not for our altruistic rich class who continue to selflessly pump money into the Irish economy, where would we be?