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No Recession!

Wednesday, November 18th, 2009

Join the facebook page, buy the stickers.  Lets put an end to this recession!

As the UK and the US show the first “green shoots” of recovery from the recession, why is it that Ireland does not seem to be following suit?

The answer lies in the approach to our economy and indeed the mindset of each of us as citizens of Ireland.  In general our approach to the recession has been to baton down the hatches.  First companies entered a rigorous phase of cost cutting – including redundancies, then came a period of holding tight.

As I remember from school economics – if a company is not growing it is dying.  So perhaps no surprise that once again a recruitment agency has appeared on the list of creditors meetings.

Is it just the government and corporate Ireland that are propagating a prolonged recession?

Not at all.  It is all our own fault.  Every single one of us.  We have gone from spend, spend, spend to save, save, save over the course of a few short months.  I say save, save, save but that does not apply to the newly redundant.

What would happen if we spent a little more?  Not just one or two of us, but all of us.  I’m not implying that we should go crazy and spend beyond our means.  But what if we all bought a mars bar from our local shop rather than keeping the money in our pockets?  What effect would that have?

One mars bar… not a lot.  But lots of mars bars (or any other product for that matter) and things would start to look up for our local shop keepers, then for the staff of that shop, who would in turn be able to spend more comfortably, safe in the knowledge that their job is not under as much threat.

Get that extension done now (you won’t find better value from builders than right now), buy the car you were saving for, invest in expanding your business.  In that way we can actually spend ourselves out of the worst of the recession.

The alternative is to keep doing as we seem to be doing as a nation.  Spend nothing, keep our belts uncomfortably tight.  The result of that… more and deeper recession.  That shop keeper doesn’t get any mars bar sales, he has to let go another staff member, who puts further tax burden onto those of us who are left with jobs.  That staff member can’t spend any more because benefits do not leave anything to spend.

I started a facebook page called NO RECESSION! become a fan.  Add your comments, start discussions and perhaps we can make a difference to Irelands recovery.  You can also buy stickers with your company logo on them.  All profits will be donated to the ISPCC because children suffer more than anybody when recession strikes.  Own branded stickers cost €148 for 250  or €218 for 500