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VOTE, AND
MAKE
YOUR JOB 
YOUR ONE
ELECTION ISSUE

IN 2014, there’s really just one issue worth voting on. And it has escaped the government’s notice. It’s not penalty points. It’s not fat-cat “charity” salaries. It’s not the transparency — or the lack of it — in Enda Kenny’s New Dawn government.

 

Those are all vital issues. But they won’t decide the life and death of the country. Here’s what will: YOUR JOB. OR RATHER,
LOSING YOUR JOB LATER THIS YEAR.

 

How might that happen? And why? And can the government do anything to stop it? Yes they can — but you’ll have to tell those FG and Labour canvassers at your door to pass the message on to Kenny and Gilmore: Get going on struggling businesses — now!

 

We take no credit for spotting the tsunami of loss, grief and suffering that’s set to hit us all soon after the voting booths close on May 23. A more brilliant mind than ours did that: Professor Morgan Kelly, the Bertie-ridiculed 2007 prophet of the 2008 property collapse.

Never mind “extend and pretend”, turning loans into long-term millstones. And never mind old-boy-network deals, where ex-Gonzaga and Clongowes rugger-buggers forgive each other’s debts at the taxpayers’ expense.

 

Small business loan forgiveness must be open, transparent and accountable, he insists. But it must be US-style: wholesale, massive and ambitious. Parking debts for five years will work in most cases. Writing them off will help in others. Do both. Do both now.
 

Kelly has spoken and, bafflingly, Finance Minister Michael Noonan is listening but the Central Bank is not. They see no problem. That counts as proof that there is one.

 

So say it at the doorstep and with your vote: “Professor Kelly is right. Save my job.

 

“Park and forgive small business debts — or we won’t forgive you.”
 

• See also the front page story in this week’s printed edition of Local News West

Professor Kelly has proof that thousands — millions — of Irish jobs could be lost when Mario Draghi shakes out the loan-books of Irish banks this autumn.

 

 

To understand his prophecy in detail, watch his UCD lecture by clicking here. But in summary, here’s what the Professor sees:

 

• thousands of crucial small Irish employers
  with business and property loans

• those loans being called in — and Irish
  businesses going bust — when the EU’s
  autumn stress test turns out to be real and
  serious. (Many imagine, wrongly, that it
  will be a walk in the park.)

 

Professor Kelly says: Park some small business debts for 5 years. Forgive others.

Prophecy
By PAUL KELLY

WHO CREATES jobs here? Not Microsoft . Not Google. 98% of you work for your local hair-dresser, a small shop or that tiny factory up the road. SMEs matter. But they don’t serve free drinks to journalists — and they’re not on the government’s radar. Thousands of them are about to go bust. You can help

General Election Countdown

• General Election countdown

• JENNA FLANAGAN: A TRIBUTE

• Ireland’s Auschewitz

• Council killing Leixlip

• Our story to save 1916 site

• STUNNING Kellie Breen, featured recently in the south edition of the paper, has found a new photographer and a new mood in her stunning collection of portfolio pictures.

 

And already, these beautiful bromides have bought the Ballyfermot lass catalogue and catwalk work.

 

Now, however, she wants to raise her profile with a “face of” campaign. And we reckon she’s just the lady to raise an Irish product profile...and a male heartbeat.

 

We’ll be keeping an eye on her progress...

KELLIE

SAVE OUR SMEs

THE CENTRAL BANK sneered at this editorial when we ran it in March. Now, thanks to a Danske Bank selloff of IOUs, the American vultures are here and your local shops are being sold off for pennies on the dollar. Read the incredible story in this week’s Local News.