Thursday, September 24, 2009

NAMA-NAMA Numbers Game

So NAMA is the only show in town, is it?

Well it didn’t take long for some of the political wags to come up with their own version of how to fix Ireland’s economy.

The Internet is awash this week with a simple letter, purporting to be from the people of Ireland, to Taoiseach Brian Cowen with a few very novel ways of getting our finances back on track.

It goes something like this:

“Instead of giving €7bn to the Irish banks who will squander the money on lavish parties and unearned bonuses, use the following plan – you can call it the Republic Retirement Plan

“There are about one million people over the age of 50 in the work force. Pay them €7m apiece severance for early retirement with the following stipulations:

* they MUST retire – one million job openings, unemployment fixed!
* they MUST buy a new car – one million cars ordered, auto industry fixed!
* they MUST either buy a house or pay off their mortgage – housing crisis fixed!
* They MUST send their kids to school/college/university – crime rate fixed!
* they MUST buy €100 of alcohol/tobacco a week – and there is your
money back in duty/tax.”

We can laugh – but it makes more sense than some of the plans out there!

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