Funny, but I don't seem to be hearing much from Wee Eck about his previous experience, but then again I wouldn't want to boast of having "Chief Economist to the RSB" on my CV.
Also, the Arc of Prosperity seems to be ignored as the opposition keep bringing up the new Arc of Bankruptcy.
Listening to Radio Scotland yesterday, the typical Oirish - We're not broke as we have had a 90% increase in standard of life from the 1970's and the present drop is only going to be 4% of that.
Well, 90% increase from a nothing failed state, where there was high unemployment, high taxes, and high emigration to the UK by the young at that time is maybe not such a great boast to make.
Also, without the funding from the EU (or EEC at that time), paid for by the U.K., France and Germany, the Republic of Ireland would still be in the brown stuff.
Then again, the Icelander who was saying that it was only the banks going bankrupt was not going to affect the fish in the sea, may be not, but as the value of the Krona has dropped by over half, the price of fuel in $US is going to double at the same time as the base price of oil falls. And if you can't afford to buy the fuel for the fishing boats, you can't get the fish, which even if you can get at, nobody would be able to afford.
So, where is the "light touch" on the financial institutions from the Scottish Government rhetoric last year - to blaming the spivs and criminals like Sir George Mathewson this year going to lead Wee Eck.
As he turns verbal and linguist acrobatics at his conference in Perth, he is becoming to look as effective as John McCain, with Nippy Sweetie to Palin, as they try to spin themselves out of trouble and blame anybody but themselves.
Sunday, 19 October 2008
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