There is an article in today´s Irish Examiner which is fantastically stupid.  First of all, it took 4 people to write it – which says a lot about Ireland as it is now.

The most imprtant part of this article tells the story that each family in Ireland is taking a risk on NAMA of 34,000€.  Property prices are down 50% and they are taking the gamble with your money that they will rise 10% over the next 10 years.  This is a good bet, and if it doesn’t work out we are totaly f*cked anyway.

Two things cross my mind.  The first is that Brian Cowen got us into this sh*t big time as Minister for Finance, but if his hands were tied by Bertie he should have walked and kept his dignity and gained the respect of the country, instead of trying to hang on to power. F*cking ego.

The second thing that crosses my mind is that, for sure, his proposals are probably the best way out of this situation now, and as I have said, the chances of property rising 10% from where they are now is pretty good over a decade because of the forecasts of population increase, which will lead to demand.  But if each family is taking the risk of 34,000€ over a decade, or 3,400€ per year, will they directly benefit from the upturn?  If you go to a bookies and put money down you get the benefit if you win. How will the government pay the tax payer the benefit of their risk?

This is the wrong time to change government. Let the a**holes sort the mess and then change. The opposition are worse to be knocking the government for what they are doing now, because they are doing the right thing.  A clever opposition would back the government now but keep emphasising that they were the ones that f*cked it up in the past, and then gain the respect of the people for doing the right thing and being honest.

Short-sighted clowns!