Jobless rate soars after Cowen blew the boom
Taoiseach Brian Cowen conveniently cited the international economic situation for the current state of the Irish economy. However, the mid-term Exchequer figures from earlier last month show conclusively that Mr Cowen blew the boom and has instigated the worst deterioration in our public finances in the history of the State.
During the Taoiseach’s four-year tenure as Minister for Finance a €4 billion surplus was turned into a €3bn deficit through reckless and self-indulgent budgets which followed an electoral rather than an economic cycle.
