Seanad debates
Tuesday, 24 June 2008
Order of Business
2:30 pm
Alan Kelly (Labour)
We have to deal with the reality. We are in a recession. That is the fact of the matter. The good growth rates we enjoyed between 1995 and 2001 were based on exports and a sound economy. The reality is that between 2001 and 2008, we were living in a false economy, based on a cosy relationship between Fianna Fáil and the construction industry. That is the reality. Everybody here knows that, irrespective of whether they will admit it.
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