Thursday, September 30, 2010

George Osborne pop quiz

They have freed their markets, developed the skills of their workforce, encouraged enterprise and innovation and created a dynamic economy. They have much to teach us, if only we are willing to learn.

Is this statement about
  • A - Ireland, which is facing having to pay an amount equal to 30% of the economy to recapitalise 'dynamic' and over-adventurous banks?
  • B - Ireland, which slashed 4 billion euros from their budget and is now standing on the brink of another recession?
  • C - Ireland, which has cut 960 billion euros from investment and 760m euros from the benefits bill?
Yes, only a few years ago, Gorgeous George was singing the praises of the now-neutered Celtic Tiger.
First, Ireland’s education system is world-class... Staying ahead in a global economy will mean staying at the cutting edge of technological innovation, and using that to boost our productivity. To do that you need the best-educated workforce possible.

From that lesson comes the free schools programme, cuts to special needs and the scrapping of the Building Schools for the Future.
Secondly, the Irish understand that staying ahead in innovation requires world class research and development

So that's why the government is reducing funding for science research, despite the desperate pleas of scientists.

And he wasn't alone, Paul Staines, better known as the sewer rat Guido Fawkes, delivered this financial advice just two years ago (hat tip to Sunny Hundal)
Despite Gordon’s whining to the EU it is now the case that Irish banks now represent the safest place to deposit money in Europe, with a AAA guarantee from a country with the lowest national debt to GDP ratio of any AAA country. Thanks to Gordon’s prolificacy [sic] Irish commercial banks are safer than even the Bank of England.

That looks to be as sound as the Liberal Democrats' policy of joining the Eurozone.

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