
November 2014 5
is in trouble. Where does this leave Professor
Morgan Kelly? As recently as March he
specifically reckoned the ECB was “gonna do”
a “trial run” on Ireland.. It didn’t and won’t.
Stress tests would do for a large swathe of
our SMEs which were surviving on “bank
forbearance”: a “ticking time bomb”. “The
ECB has basically kept pumping that sweet,
sweet credit into our veins and we haven’t had
the real crisis yet” but “we are going to see a
big chunk of the Irish economy wiped out in
one go”, he predicted. As with Karl Marx you
shouldn’t get in the business of predictions if
you’re not prepared to take responsibility if
they prove false. Morgan’s prediction is simply
inaccurate. Village checked out the video of his
subterranean lecture to a bunch of spotty UCD
economists, and it’s all there. Never mind that
he says Ok a lot, presumptuously, and does an
irritating reverse praying gesture with waving
hands. Villager has therefore downgraded
him to McWilliams. It’s the clock/recession
comes around once every 24 hours/business
cycle syndrome. When that happens Kelly and
McWilliams will be right. Better than most
economists, but not great; and not heroic.
Gurdgangst
Still, like McWilliams, Kelly’s always been
floppily cuddlable. On the other hand,
Villager’s frankly always been a little scared
of Constantin Gurdgiev. Is there no end
to the misery, Constantin? He seems to
claim property prices are not rising when
everyone else claims the opposite. Yet a
cursory look at myhome.ie shows the prices
of most properties does seem to be falling.
Is there something we’re not being told?
Note to editor: ditch desperate, ill-thought-
out plan for Village Property supplement.
Statler and Waldorf
In a blur of redundant silver-fox smoothness
Frank Flannery and Bill O’Herlihy, two
compromised former public Fine Gael elders,
are to front a weekly iTunes podcast, paid
for by Heatley Tector, cricket and rugger-
buggering instore music and advertising
mogul. Flannery, who was once president of
the Union of Students in Ireland and shared
rooms with Pat Rabbitte (just imagine the
fights over who finished off the sliced pan)
received payments of €351,000 from Rehab
over six years. He was forced to resign from
its board and as a Fine Gael trustee earlier
this year after it was revealed that the charity
paid him to lobby the Government, and that
he was hanging around foxily in the portals of
the Dáil to do so. He also used invoices from
a dissolved company, Laragh Consulting Ltd,
when being paid by Rehab for such services.
O’Herlihy is a former investigative reporter
turned sports broadcaster and Fine Gael
handler, and is now chairman of the Irish
Film Board. O’Herlihy has marshalled his
reputation as a soccer sweet heart to lobby for
some dodgy clients over the years. He worked
on behalf of the tobacco industry in opposition
to plain cigarette packaging, on the grounds
that plain packages would make smugglers’
lives easier. In 2004, the Sunday Independent
reported that O’Herlihy had lobbied on
behalf of an Irish company, Bula Resources,
to lift sanctions on Iraq. He also lobbied
disingenuously in the early 1990s on behalf
of Monarch Properties, subsequently found
to have made corrupt payments after he’d
moved on, for the rezoning of Cherrywood
in South County Dublin. O’Herlihy told the
Mahon tribunal that Richard Lynn, the project
manager for the rezoning, explained to him
that the way the system worked was that one
picked a lead councillor in each of the political
parties and then discussed the matter with
them. An estimate of the amount of money
needed to buy votes was made and the money
was then provided to the lead councillor
who did everything after that. O’Herlihy
wouldn’t do that so Monarch replaced
him with Frank (Dunlop not Flannery).
So Villager waited up and podcast it, these
exciting ‘Flannery Files’. Cue sub-Pat-Kenny-
Show Mahler’s portentous Symphony No 6 in A
minor, then it’s O’Herlihy, drole honest broker,
introducing the great man who promises to be
forthright. Forthright. “The whole objective is
to be just that: totally objective, very calm and
unemotional”. Okay. “I was never a Fine Gael
hack”. Okay maybe. Then we get Frank’s hard-
earned insights. “So many of the government’s
problems are due to lack of planning, lack
of communication, of direct and unfiltered
consultation: turbines, Corrib, Water. The
Water Company was seen in New Era [guess
whether Frank was involved with that] as
a way of giving clean water – cost only, not
revenue earning”. He comes back three times
to communications under the loose direction
of O’Herlihy who can be heard intermittently
clucking and assenting in the background,
and above all presuming that Frank knows
what’s going on in the Party that ejected him
and despises him now. “It should have been a
fixed charge”, though “go ahead with meters”.
Why Frank, how Frank? No Frank. This is no
fun. Villager just couldn’t go any further. He
uncast the pod and reached for the wireless.
Stranger still
Turned out you couldn’t really believe in
the Change. In a new book, ‘the Stranger’,
Chuck Todd, host of ‘Meet the Press’, on
NBC, unravels “the promise versus the
reality of Obama”. His strategic verdict
is that “Obama’s struggles came from his
focus on ends to the exclusion of productive
means”. Problems include what critics see as
the President’s passive leadership and lack
of managerial experience; his disdain for,
but inability to change, politics as usual in
Washington; and his reluctance to reach out
to Congress and members of both parties to
compromise and bargain constructively.
Todd writes that “income inequality is
worse than ever,” that the Middle East could
well be “more unstable when Obama leaves
office than when he took it”, and that while
he “wanted to soar above partisanship”, his
tenure in office will likely “be remembered
as a nadir of partisan relations”.
Hillary Clinton felt that Obama’s White
House, “tended to micromanage American
diplomacy to an extent unprecedented
in previous administrations”. Todd
concludes that “Obama’s arrogance
got the better of him”, that he was “all
Scotch House