Paul Connaughton Snr (Galway East, Fine Gael)

The loan guarantee scheme is a part of the issue. A few months ago, the Tánaiste stated such a guarantee would have a part to play. I understand that the Minister saw some good in it. When the Taoiseach was present last week, one need not have been in the House for too long to know that he just did not want to hear. If someone comes up with an idea, the Government lets it out to the press if it looks even half way right and irrespective of what it entails because at least the Government would be seen to be doing something. However, the public knows it is not doing anything.

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