The Minister for Hardship

I understand that this clip is a send-up of former Taoiseach Liam Cosgrave, but it’s got a bit of currency left, hasn’t it?

(Hat tip: Padraig Reidy)

In other news, Duncan has three questions which partly boil down into one big one: Is Ireland really the place to adopt the mantra that ‘the markets have failed – we need more markets’?

And Charlie McMenemin (no mean blogger himself) has some very pertinent questions in Duncan’s comment thread about how recent Irish homeowners will respond to the massive negative equity that they find themselves in. All worth a look.

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  • joeCanuck

    Nice piece of satire. He only missed one thing:

    You’ve never had it so good.

  • Greenflag

    The voice is the voice of Liam Cosgrave (still alive and kicking ) but the Minister of Hardship was Ritchie Ryan a.k.a Red Ritchie. I don’t know why he was called ‘red’ -it can hardly have been because of his ‘socialist’ inclinations -he was after all FG ? The actor is Eamon Morrissey seen here quaffing a pint of plain as the only cure when ‘the world is in a terrible state of chassis ‘ as now appears to be the case and as one Joxer Daly noted in O’ Casey’s Juno and the Paycock 😉

    http://www.youtube.com/watch?v=nIrX5MfNedM

    Not that I’m recommending the black elixir of St James’s Gate as an effective antidote to the current dryness of the throat now affecting all parts of the nation 😉

  • Greenflag

    ‘You’ve never had it so good.’

    Famous words before MacMillan loosed the ‘winds of change’ on his own political future and departed the scene hounded out by Profumo and Vassall scandals and the extreme right Tories .

    Resigning prematurely after a medical misdiagnosis, Macmillan lived out a long retirement as an elder statesman of global stature. He was as trenchant a critic of his successors in his old age as he had been of his predecessors in his youth. When asked what represented the greatest challenge for a statesman, Macmillan replied:

    ‘Events, my dear boy, events’

    Macmillan gave up the glory of Empire for democracy in Britain .

    Cowen sat by while Ireland’s democracy was carved out from under it by the local and international forces of anarchic capitalism and crony politics .

    He was after all Chief accountant to he who ruled without the encumbrance of having a bank account . GUBU .

  • Alias

    Market failure didn’t bankrupt the Irish state.

    The state deciding to make good the losses suffered by eurosystem markets bankrupted the Irish state.

    They’re two entirely seperate issues.

  • Greenflag

    ‘Market failure didn’t bankrupt the Irish state.’

    Only by the narrowest of narrow definitions of what you seem to mean by ‘market failure’ . The fact is that the what is called ‘crony capitalism ‘here in Ireland is just the EU offspring of the mother of all crony capitalism in the USA . It’s now becoming clear that notwithstanding the looting of the American middle class by the Wall St bankers and conmen and the Goldman Sachs white collar gougers the Wall St Journal this weekend is reporting of even worse financial crimes being committed over the past decade by the executives of the largest financial services and other corporations as they ‘insider traded’ themselves to countless billions illegally .

    These anarchic capitalists have less respect for the law than serial killers . And as for the ‘theory’ that if only the market was allowed to operate the way it would if it was allowed ‘ – A load of oul cobblers . It would operate very quickly the way laissez faire operated in the `19th century with millions dead and tens of millions dead in the Irish and Indian famines while food was exported from these regions to feed the ‘masters of disaster’.

    And even Warren Buffet sees the writing on the wall for Friedmanomics and Greenspin anarchy .

    Warren Buffett: Trickle-Down Economics Don’t Work

    In other economic news, billionaire investor Warren Buffett has told ABC News that the rich should be paying a lot more in taxes and that the Bush-era tax cuts for the wealthy should be left to expire at the end of December. During the interview, Buffett also dismissed Republican arguments that letting tax cuts expire for the wealthy would hurt economic growth.
    Warren Buffett: “I think that people at the high end, people like myself, should be paying a lot more in taxes. We have it better than we’ve ever had it … The rich are always going to say that, you know, ‘Just give us more money, and we’ll go out and spend more, and then it will all trickle down to the rest of you.’ But that has not worked the last 10 years, and I hope the American public is catching on.”

    And for those who need assurance or reassurance that there is no such thing as a free market this Korean economist explains the lies behind the neo con myth !

    http://www.democracynow.org/2010/11/19/economist_ha_joon_chang_on_currency

  • joeCanuck

    Jeez. I’m getting too oul when I remember things like that and Greenflag has to explain to you youngsters.

  • Alias

    Yawn.

    I’ll remind you that EU/IMF are in Dublin because the government decided in October of 2008 to increase the Deposit Protection Scheme from covering bank deposits up to a maximum of 100k to covering unlimited amounts and at the same time decided to extend its indemnity policy cover all liabilities of those eurosystem banks for unlimited amounts.

    Had the government not done that then the collapse of any particular bank would not have cost taxpayers a single cent since the assets of the banks were sufficient to cover their deposits.

    Ireland didn’t have a financial crisis since debts were all external: the eurosystem had the financial crisis.

  • joeCanuck

    We have it better than we’ve ever had it

    Warren Buffet’s update on McMillan’s famous slogan. Just for the very rich, of course.