Lenihan's plan

It’s almost, and I stress almost, a bit sad to see Brian Lenihan continuing to insist that the Titanic is still afloat.

He told BBCs Newsnight last night.

No, I don’t accept it’s the end and I don’t accept it’s decimation.

Or, in other words.

Yes, we are here two miles beneath the cold, dark Atlantic with a massive hole ripped through our bow but we’re confident that the upcoming budget will not only refloat the ship of state but will also add a shiny new coat of paint and send us on our happy way again.

And when he was asked about the plan.

We intend to return to the markets next year, and we intend to fund ourselves. That’s our plan.

Or, in other words.

Yes, we are here two miles beneath the cold, dark Atlantic with a massive hole ripped through our bow but we’re confident that the upcoming budget will relight our furnaces, repair the gaping hole, resurrect all the dead bodies and send us on our happy way again.

Lenihan is, however, correct in his claim that the Government is not asking people to bring their living standards back 10 years – it’s more like 50 years.