Monday, August 06, 2007
As if the ongoing housing market collapse wasn't enough, now the government have the following little problem of rising unemployment to contend with.
Most concerning is the fact that these jobs are being lost in the services sector, the area we were supposed to excel in after abandoning our manufacturing base and most of our agriculture to elsewhere.
There is now a sizeable segment within Fianna Fail who appear to be unhappy at the prospect of having to clean up the economic mess they themselves created. For them, the smarter move would have been to lose the last election, and then cast Fine Gael and Labour as a bust coalition once again.
Thanks to the hubris of Bertie and his unshakeable desire for a third term, they're now stuck with having to deal with falling house prices and rising unemployment, while trying to keep the three mutually unintelligible aspects of their coalition - the Greens, the PDs and the FF genepool independents - all happy.
It's gonna end in tears.
But for Bertie, sure he can just hand the poisoned chalice over to the anointed successor and vanish, a la Tonee B-liar, off towards a happy twilight on the international statesman equivalent of the chicken and chips circuit.
Rumour is he fancies the Euro-presidency. Nice work if you can get it. So for Bert, the boom just keeps on getting boomer, just as long as he can keep nasty Justice Mahon away from his financial details.
For the rest of us, falling house prices, significant unemployment, inflation and economic difficulties lie ahead.