I only caught the very end but Eamonn Gilmore was just on Marion Finnucane, He must have said something about borrowing €20bn to build schools etc I didnt hear most of it so cant comment, Marion said that they had lots of calls sayng it was mad to start borrowing on this scale
This is a side issue but I am no longer able to listen to Marian Finucane.
As previously posted she receives an obscene amount of money for 4 hours airtime per week, ie half a million per annum, plus at least 10 weeks holiday.
Her behaviour, the behaviour of her agent and RTE is just about as obscene as that of banking executives.
And I’m switching off bigtime from other pompous, self-important overpaid RTE presenters as I see fit.
Hit their listenership and eventually RTE will change their tune.
Hopefully Gilmore pointed out to her that we’re borrowing on a far greater scale to bail out Fianna Fail’s patrons with no chance of a return of any sort. At least with a targeted capital spend there would be a multiplier effect within the economy and we’d end up with some infrastructure we actually need. I’d also add that not a cent should be borrowed until ALL public sector pay has been cut by between 20 and 60%. If someone needs 80k plus to do the job then they should go elsewhere.
I caught the end myself - but that was the gist of his point - we are borrowing anyway and it should be targeted to capital projects to create employment.
The country now knows how important market opinion is.
Paddy Power are always coming out with odd bets for the publicity.
Can I suggest they offer
our bond prices six months after a general election in which Labour do well
our bond prices six months after a general election in which Labour do moderately
The difference in odds would be a good current indicator of how credible Labour are to the kind of people who put their money where their mouth is
(You could do the same pairs trading on an exchange)
Marian complained on her show about dail deputies not been very visible in the chamber on Black Thursday after their 12 week holiday.
Just goes to show, if you only get 10 weeks holiday, a stack-load of money for a four hour work week you will be jealous of those who get 12 weeks holiday, get a bag load of money for a two hour work week.