General Election Question

SamSamSammy

Did fianna gael vote to support the bailing out of the banks?

And if this is the case, and everyone doesn't like fianna fail for bailing out the banks, why are they voting for another party who supported the motion too?

Timothy Bryce

SamSamSammy wrote: »

Did fianna gael vote to support the bailing out of the banks?

And if this is the case, and everyone doesn't like fianna fail for bailing out the banks, why are they voting for another party who supported the motion too?

If you look closely there was some pretty shrewd sh1t done by FG/LAB during the finance bill in particular.

They both publicly said they'd oppose the bill but conveniently had 1 or 2 TD's who were absent meaning the bill was passed. They knew full well their hands would remain clean and FF/GP would do the dirty work for them.

flyton5

Why not try Politics.ie??



Or even the politics forum?

SamSamSammy

They all seem as bad as each other, who do you vote for. i might just not bother voting.

it could get a lot worse before it gets better.

Timothy Bryce

SamSamSammy wrote: »

They all seem as bad as each other, who do you vote for. i might just not bother voting.

it could get a lot worse before it gets better.

dont blame me. i voted for kodos.

Sam Vimes

SamSamSammy wrote: »

Did fianna gael vote to support the bailing out of the banks?

And if this is the case, and everyone doesn't like fianna fail for bailing out the banks, why are they voting for another party who supported the motion too?

I think people don't like Fianna Fail for bringing us into a position where our only option was to bail out the banks. The only alternative I've seen anyone give is Sinn Fein's little bit of genius:

1. Burn the bondholders
2. Reverse all cuts
3. Spend all of the country's money in 12 months to pay inflated public sector wages etc
4. Next year when we're totally out of money, go back to the bondholders and try to borrow money from them.

The logic is that we'll be seen as a good investment because we'd have such a low debt to GDP ratio and they're hoping that the bondholders won't realise that the reason we don't have any debts is that we reneged on them. Makes sense I'm sure

biko

AH -> GE

squod

Sam Vimes wrote: »

I think people don't like Fianna Fail for bringing us into a position where our only option was to bail out the banks. The only alternative I've seen anyone give is Sinn Fein's little bit of genius:

1. Burn the bondholders
2. Reverse all cuts
3. Spend all of the country's money in 12 months to pay inflated public sector wages etc
4. Next year when we're totally out of money, go back to the bondholders and try to borrow money from them.

The logic is that we'll be seen as a good investment because we'd have such a low debt to GDP ratio and they're hoping that the bondholders won't realise that the reason we don't have any debts is that we reneged on them. Makes sense I'm sure

Our only option? WTF nobody, literally nobody suggested we bail out Anglo.
The Holohan report says so, people who advised the government have subsequently repeated same. ''the only show in town'', ''have no option but to '' bullshit is laughable.

Sam Vimes

squod wrote: »

Our only option? WTF nobody, literally nobody suggested we bail out Anglo.
The Holohan report says so, people who advised the government have subsequently repeated same. ''the only show in town'', ''have no option but to '' bullshit is laughable.

Clearly someone did suggest it or it wouldn't have happened. The bailout went further than it should have done but it's easy to say now that we (hopefully) know the full extent of anglo that it shouldn't have been bailed out. I've heard people say that the government knew the full extent and bailed them out anyway but the idea that the government would deliberately bankrupt the country for decades to come and in the process commit political suicide, as if Cowen was giddy at the idea of cutting the dole and blind pensions, is indeed laughable

squod

Sam Vimes wrote: »

the government would deliberately bankrupt the country

That's what has happened. Are you following any of this? They've sought advice, ignored it and then went onto do exactly that. Bankrupt the country. FFS Anglo had debts of half our GDP at the height of the boom and before the run on deposits. Did you not read a newspaper back then?

FF knew full well what they were doing.

The Volt

SamSamSammy wrote: »

Did fianna gael vote to support the bailing out of the banks?

And if this is the case, and everyone doesn't like fianna fail for bailing out the banks, why are they voting for another party who supported the motion too?

To answer the OP's question, all parties except Labour agreed to the blanket guarantee in 2008.

Sam Vimes

squod wrote: »

That's what has happened. Are you following any of this? They've sought advice, ignored it and then went onto do exactly that. Bankrupt the country. FFS Anglo had debts of half our GDP at the height of the boom and before the run on deposits. Did you not read a newspaper back then?

FF knew full well what they were doing.

Not following the advice that some people are giving you is not the same as deliberately bankrupting the country. If it was deliberate, what do you think their motive was? All Cowen seems to have got out of it is the end of his political career.

At times like this I'm always reminded of Hanlon's razor: "Never attribute to malice that which is adequately explained by stupidity". The idea that our government deliberately bankrupted the country for no apparent reason other than they like taking money from blind pensioners is retarded. I think it's far more likely that they believed what the banks were telling them (i.e. not everyone was giving them the same advice) and had to make a very quick decision on a bail out that turned out to go too far in the loans it covered.

That or Cowen is a Dr. Evil type character, cackling evilly and stroking a white cat as he cuts a euro from the dole just to watch people suffer