The program was too short so a lot of the points came across as incoherent
RTE was trying to avoid offending sectional interests (as usual).
Miriam O’Callaghan was the wrong person for that interview she was clueless especially when she had contributors like Mike Wallace and Gerry McCaughey telling it like it is.
It certainly did no more than graze the surface but it did move us out of denial.
The lack of the usual suspects will probably add a bit more credibilty to the program. Was dreading hearing DMcW’s contribution and the subsequent rubbishing the program would have received - “arrah shure a stopped clock is right twice a day you know”.
Been a long time since my last post, been sitting and watching all the comments these last months. Since spring 2006 I read the insights of our esteemed posters (GB, CP, UWG to name just a few) when the Pin was young, all that was said then is only now out and its just the start, some of the things we are seeing here is just like it was in the US last year, its serious panic here. Anyway, my last post is just one to say … THANK YOU to the PIN, I sold up in Aug 2006 and have no intentions of buying for quite some time. Take care all…and long live the PIN…
‘truth has no special time, its only time is when its most inconvenient to those who tried to hide it’
unfortunately those who were lured and not saved will suffer most.
I was looking forward to the show and must say I was very disappointed, it was weak, poorly constructed with a poor panel with the exception of the realists like R Curran and G Lee. Still we are floundering around expecting the miracle cure for our hangover but until that arrives we have decided to put our heads under the pillow and sleep it off. I just hope somebody has set the alarm in case we sleep it out.
Let’s not forget that the SVdP lady used “someone whose dishwasher has broken” as an example of the stresses some poor misfortunates are in. I don’t own a dishwasher, I must be so far below the poverty line I’m not even on their radar
Typical RTE biting investigative journalism: don’t ask a question when you can profer an accusation instead. What little time he was given was mostly in defense of his profiting from the property boom, ignoring the fact that he is now investing said profits in new businesses, hence helping to fuel the economy in new directions.
While it could have been stronger, the empty estates, empty scaffolding yard, George Lee’s take, the woman from the Vincent de Paul will be enough to send a chill down the average punter’s spine. Remember most do not read the PIN and have been fed on a diet of VI soundbites thus far. Although I agree that Roubinis take was presented with little or no context as to who he was or why he was saying what he did.
I thought it interesting to see the first undercurrent of the apportioning of blame. O’Callaghan actually put it to the two VIs that it was their fault that many people were now in negative equity and they were squirming quite visibly. One went on the attack in response. Although she was clueless in cutting Wallace off when he was about to tear into the Governments Section 23 policy. There was also reference made to the provision of false information by the VIs with regard to prices, again the undercurrent being that people have been had.
The whole thing was set up to signal “End of an Era” with the initial shots of the boom years being presented like an episode of Reeling in the Years ie past tense.
While we mightnt like to admit it, a half hour of doe-eyed fluff from Miriam will have more of an impact than the insights of contributors to the PIN. At the very least it has blown the lid off the chinese whispers and will have now set the current agenda as how best to position ourselves post-slump/recession (2010 according to the programme) as opposed to debating whether said slump actually exists.
Aye it was weak on analysis, but I suppose that’s not the point. If you want intelligent economic analysis, you come to the Pin. The purpose of that programme was to tell the general public that things are bad, very bad.
Some good points, mentions of the empties at long last, they demonstrated how so much of the economy was based around and feeding off the construction monster and how everyone else is going to get taken down with it.
But when asked “So what do we do?” there was just a lot of meaningless waffle and rabbit-in-the-headlights stares.
I suppose most of them are still struggling with the old cognitive dissonance though. McCaughey seemed to be closest to the penny dropping when he mentioned how the Tiger MkI was built on manufacturing and exports, but then veered off into blether again. Still, tis progress of a sort. I suppose we should be grateful for any small dose of reality we get after the last few years of la-laa-land.