Watch: Angry Irish protestors flood the streets, lay siege to the Ministry of Finance - Nov. 3, 2010
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By Dr. Pitchfork
Ireland's bank bailouts have cost them 55% of GDP, and cancer patients, students and everyone else have taken a back seat to reckless bank bondholders.
Plus, Ireland doesn't have its own central bank, so they can't bail out their banks through "quantitative easing" the way Bernanke can here. Instead, locked into the de facto (fool's) gold standard of the Euro, the answer is austerity, austerity, austerity. And the Irish are rightly pissed off.
But can someone please explain to me why Irish socialists have a better handle on bank bailouts than the ostensibly capitalist Tea Party? In the clip above, Irish protesters jam Merrion Row and Baggot St. and briefly occupy the Department of Finance / An Roinn Airgeadais. It's awesome.
I love the Tea Party, but if they really knew what they were doing they'd be occupying this building at 1500 Pennsylvania Ave:
U.S. Treasury, 1500 Pennsylvania Ave.
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Gardaí on horseback move in on protesters.
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