Quantcast
Feeds: Email, RSS & Twitter

Get Our Videos By Email

Powered by Squarespace

 

 

Search The Daily Bail Archive Of 15,000 Videos

SEARCH THE DAILY BAIL

SPONSORED BY  

 

Hank Paulson Is A Criminal - Pass It On

Bernanke's Failures Caught On Tape

"The Federal Reserve Is A Ponzi Scheme"


Get Our Videos By Email

THE FED UNDER FIRE: Must See Clip

Bernanke's Replacement: Happy Hour In Santa Cruz

Must See: National Debt Road Trip

"Of Course We're Not Going To  Payback the Chinese."

Dave Chappelle On White Collar Crime

Carlin: Wall Street Owns Washington

SLIDESHOW - The 11 States Most Likely to Go Bust

SLIDESHOW - 7 Really Big Holes - Don't Miss #7

SLIDESHOW - Molotov Cocktails In Greece

SLIDESHOW - The Sights, Sounds & Women of Texas

SLIDESHOW - Genius Signs From Irish IMF Protest

SLIDESHOW - Egyptian Revolution - Graphic PICS

SLIDESHOW - U.K. Student Riots

SLIDESHOW - Airport Security Cartoons - TSA

Most Recent Comments
Cartoons & Photos
SEARCH
« Banks Win Again: Congress Caves On Debit Card Fees | Main | Homeland Security Blows Millions On Un-Constitutional Mobile Scanners Courtesy Of Michael Chertoff »
Tuesday
Mar082011

FINE GAEL SELLOUT: Ireland's New Government Forms Coalition, Immediately Surrenders to EU & IMF Banksters

This one is shaping up pretty much the way we predicted.  Ireland's Fine Gael party enticed voters a couple of weeks ago with their tough talk about giving haircuts to bank bondholders and renegotiating Ireland's IMF "bailout," but before they've even taken power, the new Fine Gael-Labor coalition government has already capitualted to the IMF and European banksters.  In spite of all the pre-election talk, the new government plans to follow the original bailout and austerity plans with hardly any modification whatsoever.

The Irish Independent is already referring to this about face as "voter betrayal" and "the most barefaced breach of election promises ever perpetrated by an incoming Government."

For example, the government still plans to go hat in hand to the EU and IMF for a reduction in the interest rate on the 85B Euro loan from the IMF, but this will amount to nothing more than a cosmetic change in the bailout terms.  As for all those threats to bank bondholders, now they're saying that new "legislation may be necessary" before they can consider applying haircuts.  If they're showing this kind of weakness already, then they can't expect to have much leverage with the EU and IMF when they meet later this month.  From the EU/IMF standpoint, why negotiate with someone who is already willing to give you everything you want?

And any renegotiation of the bailout that does occur won't even take effect for years.  For the moment, it's onward with higher taxes and "austerity" in public services.  Again from the Independent:

Yesterday, however, a well-placed Fine Gael source did not even attempt to disguise the fact that the new programme for government represents a rip-off of the outgoing Government's four-year plan as signed off on by the EU-IMF.

"Yes, we are going to have to stick with the four-year plan, at least for two or three years, and maybe even go further and deeper than the austerity measures envisaged in that plan," he said. "There is no getting away from that. I cannot deny it.

"The country is banjaxed, worse than we ever imagined. We have no choice."

So much for effecting change by means of the ballot box.  And so much for learning the lessons of Iceland.  It is simply unconscionable that Irish politicians are still pretending that Ireland's economy can withstand higher taxes, reduced public services, reduced wages and pensions -- on top of an 85B Euro IMF "bailout."  Yet here they are, bravely and stoically resigning themselves to the inevitable.  What crap.

There is no way the Irish people will stand for this.  Stay tuned.

--

Background...

--

Irish Love Song to the IMF...

 

 

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments (28)

I smell revolution brewing in europe.
Mar 8, 2011 at 6:34 AM | Unregistered CommenterThe Laughing Man
President Obama visits Boston today

http://www.examiner.com/city-buzz-in-boston/president-obama-visits-boston-today

[snip]

President Obama will visit Boston on Tuesday with stops at a Democratic fund raiser and a Boston public school. The fund raiser will be held at the Boston Museum of Fine Arts (MFA). Obama will also visit TechBoston Academy in Dorchester where he will be accompanied by Melinda Gates of The Gates Foundation and Arne Duncan, U.S. secretary of education.......

........Meanwhile, a group of present and former Democratic lawmakers to hold a press conference at 10:30 AM, just a few hours before the president' plane touched down to address against Obama’s proposed cuts to the LIHEAP program.a home heating oil assistance program, according to a Boston Globe report.
The Globe is reporting that Former Representative Joseph P. Kennedy II, current Representatives Edward J. Markey, Michael Capuano, and James McGovern, have called a news conference to protest the proposed cut.

Sports: http://www.boston.com/news/politics/politicalintelligence/2011/03/patrick_portray.html

Business: http://www.globes.co.il/serveen/globes/docview.asp?did=1000628653&fid=1724

Health: http://features.rr.com/article/014p3CU3cE2gt?q=Massachusetts

Weather: Hell freezing over.......
Mar 8, 2011 at 8:50 AM | Unregistered Commenterjohn
They're "Banjaxed" alright, from smoking the dregs of Globalism.

Was there ever any doubt that the politicians wouldn't be bought, and the people betrayed?

It's worked that way for the last two millenium, no doubt it will serve as well going that far forward. The "world" is gradually coming under the economic rule of global governance. There are a few skirmishes to attand, and some more consolidation to orchestrate, but all is progressing according to design.
Mar 8, 2011 at 9:30 AM | Unregistered CommenterWil Martindale
This leads to car bombs - I only wonder how long it will take.
Mar 8, 2011 at 10:55 AM | Unregistered Commenterpaul krugman's raging ulcer
Israeli Speaker Threatened in Belfast

http://www.virtualjerusalem.com/news.php?Itemid=2862

[snip]

Solon Solomon, a former member of the Knesset's legal department, had been invited to speak to law students at the university, but Palestine Solidarity Society (PSS) and Sinn Fein hecklers forced him to abandon the lecture hall. They surrounded the room where he had fled, until security men rescued him.

Meanwhile, members of the Northern Ireland Friends of Israel ran into another room until they could leave safely.

After security guards ushered Solomon into a taxi, the anti-Israeli mob attacked the vehicle and tried to break its windows. The taxi ran over the foot of one of the protesters who was attempting to stop the vehicle.
Mar 8, 2011 at 11:31 AM | Unregistered Commenterjohn
Wow. In the North, the two sides identify with the Palestinians and Israelis respectively. Republicans often hang Palestinian flags, and Unionists often hang the Israeli flag. Makes sense in a sick kind of way -- the occupation, the garrison state, the religious differences, the terrorism, etc.
http://www.politico.com/blogs/bensmith/0610/Trimbles_investigation.html (yeah, I know, i linked to TARP apologist Ben Smith, but it's the first link I found)
Mar 8, 2011 at 11:44 AM | Registered CommenterDr. Pitchfork
The only solution is mass demonstrations in Ireland. At the same time asking for solidarity demonstrations in other Euro countries, including Germany.

After that, why not form a Land League 2.0 to collect tax monies in escrow until the government abandons its sellout to Europe, repudiating all bank debt payments and insisting on a 1% interest rate for the ECB/IMF loan?

How come the Irish peasantry could defy the landlord class with the Land League? And how come the Irish can't seem to organize in their self-interest now? What has happened to the Irish spirit?
Mar 8, 2011 at 1:29 PM | Unregistered CommenterJohn Mack
The C19 Irish tenant had literally nothing to lose. It's just a matter of time before the bank debt slaves come to the same realization. Land League 2.0 may not be all that far away, actually -- Twitter and Facebook could be the new Davitt and Parnell.
Mar 8, 2011 at 2:00 PM | Registered CommenterDr. Pitchfork
I am sure you are busy working on the NPR story. I can't wait to not read it. Oh, if it were Fox News or one of the radio shows. If only.

[You mean this non-story: http://www.cbsnews.com/8301-503544_162-20040683-503544.html . Just an idiotic distraction from financial crimes. Except for what the guy said about the Tea Party being racists (most of them aren't), I happen to agree with him.]
Mar 8, 2011 at 3:10 PM | Unregistered CommenterBig Story
A bad dead-end page can not be found link, thanks.
Mar 8, 2011 at 3:47 PM | Unregistered CommenterBig Story
This story is big enough to be off topic on. (mentioned earlier and needs to be updated)

Union head says he won't give up Blue Cross board post

http://www.boston.com/news/local/breaking_news/2011/03/union_head_says.html

[snip]

Massachusetts AFL-CIO President Robert J. Haynes, who frequently rails about CEO pay, was on the defensive today, answering questions about his decision to accept $72,700 as payment for sitting on the board of Blue Cross Blue Shield of Massachusetts, a major nonprofit insurer.

Update:

Blue Cross board suspends pay, CEO perks cut

http://www.bostonherald.com/news/regional/view.bg?articleid=1321893&srvc=rss

Earlier today Boston Mayor Thomas M. Menino slammed the Blue Cross payouts as excessive when cities and towns are trying to cope with soaring health care costs.

“I think it’s outrageous with the cost of health care going up,” he said, adding he too questions the Blue Cross non-profit status and pay to board members.

The Blue Cross board admitted, following a week of coverage by the Herald, that it was time to review their decisions.

“We cannot change what happened in the past, but we can ensure that our future actions are consistent with what the community has expected from Blue Cross during its nearly 75 years of serving the community,” the statement reads.

Gov. Deval Patrick, who is on a 10-day trip to Israel and Great Britain, ducked questions about the payout last week and asked the public to change its focus
Mar 8, 2011 at 5:22 PM | Unregistered Commenterjohn
George Carlin's THE AMERICAN DREAM all over the world
Mar 8, 2011 at 5:26 PM | Unregistered CommenterTR
So, the NPR undercover sting produced results you and this site support, shock horror. That is hardly a surprise. Well, you may want to tell your better half, he sometimes is unwilling to admit to the goals of this site and its blatant slants. The goon at NPR goes on to say how liberals are all about being fair and balanced. Your co-blogger says that one of the goals here is to NOT be fair or balanced. How do you reconcile your take with his? You don’t support that the Tea Party is a bunch of racists. Okay. But you do think that the media is controlled by the Jews? Do explain. As for his view that the libs are smarter, well, that could only be proved in some open debate. Your closed forum seems to indicate otherwise. In the arena of idea, you simply won’t compete or can’t.
Mar 8, 2011 at 7:29 PM | Unregistered CommenterBig Story
"So, the NPR undercover sting produced results you and this site support, shock horror."
[???? This doesn't even make sense, but you should at least recognize that. You see, other people can't see what's going on _inside_ your head, so if you don't explain it, we can't make sense of it.]

"...unwilling to admit to the goals of this site and its blatant slants."
[???? These couldn't be more clear, unless you are imagining, ex nihilo, goals and slants all on your own. Again, what goes on _inside_ your head doesn't have any necessary, or indeed ANY, connection to what goes on outside it within the shared reality that the rest of us deal with and use as a basic point of reference.]

"The goon at NPR goes on to say how liberals are all about being fair and balanced. Your co-blogger says that one of the goals here is to NOT be fair or balanced."
[Hello, reality check. We're not NPR and we're not liberals. Our editorial position has nothing to do with a Fox News slogan, either. You're imagining contradictions that do not exist outside your own head.]

"But you do think that the media is controlled by the Jews? Do explain."
[There you go again, Senator Mondale. The only person who said this was that kid on the tape. In any case, no one from the Daily Bail said that. Besides, you have no idea how many racist comments about Jews we have to delete every single day.]

"As for his view that the libs are smarter..."
[Well, I don't know if I'm "smarter" than the libs in the video, but I am, for example, capable of doing a few minutes of research and figuring out that the Tea Party is neither monolithic, nor especially burdened with racism. Shiller clearly lets his own prejudices guide him on that. This may come as a surprise to you, but the Daily Bail is not responsible for the views of NPR or their employees. Maybe things work differently inside your head, but not in the world the rest of us live in.]

"Your closed forum..."
[B.S. Your comments often get erased because usually you act like an asshole and try to be some kind of gotcha psychoanalyst. Like you do here. What you do is bizarre and rude. I can't figure out if you don't understand this, or if you just want to annoy people. Either way, I figured it was the Christian thing to do to at least try to explain it to you.]
Mar 8, 2011 at 8:07 PM | Registered CommenterDr. Pitchfork
You posted this...
You told me what you didn't agree with and what you did...not me...

[You mean this non-story: http://www.cbsnews.com/8301-503544_162-20040683-503544.html . Just an idiotic distraction from financial crimes. Except for what the guy said about the Tea Party being racists (most of them aren't), I happen to agree with him.]

I was just a bit surprised by your support for his comments at NPR.

You are religious? Well, God bless. Don't tell the other dude.
Mar 8, 2011 at 10:16 PM | Unregistered CommenterBig Story
"You told me what you didn't agree with and what you did...not me..."

No. This is the problem. I was explicit about one thing I didn't agree with. I wasn't explicit at all about what I did agree with, but I certainly don't believe any of the crazy stuff you concocted -- and I'm not at all sure whatshisface believes what you say he does, either. Instead of this giant leap, you could have taken the small step to simply ask.

But this thread is about Fine Gael, how they've f***ed over the Irish voter, and what the Irish people plan to do about it.
Mar 8, 2011 at 10:59 PM | Registered CommenterDr. Pitchfork
Okay, so now you don't agree with the NPR dude. Cool!

Thank God we cleared that up. He said some idiotic and ignorant things. It makes much more sense that you do not support his nonsense.
Mar 8, 2011 at 11:19 PM | Unregistered CommenterBig Story
OK, Z. I'm calling this one. End of comments about NPR.
Mar 8, 2011 at 11:54 PM | Registered CommenterDr. Pitchfork
the Irish have had their water flouridated since the early 60's, under mandate of Britain.....that might explain where the Irish spirit has gone
Mar 9, 2011 at 5:27 AM | Unregistered CommenterKenny
Diid you not read my last post, it's all good.
Mar 9, 2011 at 12:21 PM | Unregistered CommenterBig Story
should have voted for Sinn Féin, the only party to be against the IMF bailouts.
Mar 10, 2011 at 11:47 AM | Unregistered Commenterslade420
Time to break out those weapons the IRA has stashed.
Mar 10, 2011 at 1:24 PM | Unregistered Commenterj r
I am confident the Irish people will stand for this, the electorate have continuously been lied to yet cannot muster up any type of resistance. we voted no to Lisbon then they were so scared that Europe might think bad of us they voted yes the SECOND time round on the premise it wud bring more jobs. the new coalition partners were firmly behind this disgusting rebuttal of democracy. Ireland may well go the way of Argentina but i suspect we have lost our fighting spirit, i hope i prove to be wrong before its too late
Mar 10, 2011 at 9:41 PM | Unregistered Commenterddoggfather
It looks like the majority of the Irish voters got chumped by a bullshlt artist just like the the simpleton American voters who voted for obama did. These mutts will say anything to get elected but when they do, and the reality of the situation hits them, they're completeless hopeless.
Mar 11, 2011 at 12:43 AM | Unregistered CommenterDenno
should read "completely" hopeless.......
Mar 11, 2011 at 12:44 AM | Unregistered Commenterdenno

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
All HTML will be escaped. Hyperlinks will be created for URLs automatically.