Economic growth means nothing if dole queues continue to grow – Morgan
Speaking today after the release of the Live Register figures for June that showed an extra 5,800 people have joined the dole queue in the last month, Sinn Féin Spokesperson on Enterprise, Trade and Employment Arthur Morgan has said that economic growth in the absence of jobs is insignificant particularly when there are 444,900 people on the dole.
Deputy Morgan said:
“A combination of austerity and financial repression is failing to deliver economic recovery. Ireland may have technically emerged from recession, with a growth of 2.7% in GDP but this is insignificant to the hundreds of thousands of Irish people on the Live Register today. There is no economic recovery when there is still an absence of jobs.
“The Taoiseach keeps telling us that the economy has turned a corner, but in reality we have turned a corner and hit a wall. We are in a situation where 444,900 people are dependent on the dole. This is a home-grown situation where the absence of stimulus will mean that half a million people will be languishing on the Live Register by the end of the year.
“It is about time that the Government’s humpty dumpty attitude to economic recovery realised that deflationary policies will cripple growth, retard job creation and leave us with out-dated infrastructure.
“In the last two months alone over 12,000 people have signed on, while thousands more have emigrated. This is not a job creation policy. Fianna Fáil’s subservience to keeping a zombie bank afloat is squeezing the lifeblood out of the economy, as today’s figures show.” ENDS