Gilmore: Fianna Fail the new Celtic Tories…

Hmmm… I see where he’s coming from

“Twice in a generation, Fianna Fáil has brought this country to ruin. It is never the wealthy or the greedy who are forced to carry the can. For Fianna Fáil now to describe itself as a republican party is almost grotesque.”

But you can see the stick the more socialist Brown is getting from the markets over his PBR:

“The PBR seeks to create a fiscal fiction that the deficit can be resolved solely by tax hikes on a relatively small share of the population – the few, not the many – and without painful public spending cuts. The revenue forecasts again look over-optimistic, and there are no public spending plans after 2010-11 – only vague forecasts.”

Meanwhile Cowen is convinced he’s done enough to keep the bond markets happy. Joaquín Almunia at the EU economic and monetary affairs commission:

“In sticking to the consolidation target for 2010 that was announced in the April supplementary budget, the Irish Government is clearly demonstrating its continued commitment to implementing a sustainable and credible fiscal consolidation strategy in these challenging times,” Mr Almunia said.

“While more remains to be done in the coming years, the Budget is an important step towards first stabilising and then gradually reducing the Irish general government deficit to 3 per cent of GDP by the 2014 deadline set by the commission and endorsed by the [European] council under the excessive deficit procedure.”

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  • igor

    Substitute Sinn Fein for Fianna Fail in all that and it almost makes sense.

  • kensei

    igor

    Sorry igor, I must have missed when SF were in government in the South

  • “Twice in a generation, Fianna Fáil has brought this country to ruin. It is never the wealthy or the greedy who are forced to carry the can. For Fianna Fáil now to describe itself as a republican party is almost grotesque.” a sobering quote!!!

    and you know what…….. there’s still a large portion of the population who will continue to vote for FF because the oppositions is so bad.

    FG may be more fiscally conservative and possibly less cute / involved in stroke politics but in regards to NI and foreign affairs dealings w Westminster thay make many people’s skin crawl. Their sycophantic behaviour to all things British and unionist means that many just can’t give them the vote.

    Labour is full of well-meaning college lefties who are full of theory but are completely lacking when it comes to the practicality of govt.

  • Greenflag

    kensei ,

    ‘ I must have missed when SF were in government in the South’

    Before your time K – They were elected as the majority party in 1918 winning 75 seats out of 103 approx but were not allowed to govern because Her Majesty’s Government refused to recognise the ‘result’ and in any event many of the elected TD’s were in jail or on hunger strike or on the run from the ‘mother’ of democracies .

    Igor might wish to see a ‘similar’ non recognition of SF in NI so he would then get a chance to see history repeat itself for the umpteenth time 🙁 But alas the dastardly English have now forced the ‘unionists’ to swallow mandatory power sharing with ‘themmuns’ as a permanent part of the political future . I suppose that would’nt have worked back in 1918 ;)?

    Back to the main thread topic it looks as if Ireland is doing a bit better than the Greeks at convincing the markets and the EU that action is being taken and will be pursued . But will it be enough ?

    As for Gilmore almost claiming the Sean Lemass mantle ?. No dice . Lemass had a tough job weaning the party old guard away from economic Sinn Feinism despite the fact that the latter was taking the country nowhere at the time .

    I’m hoping people are learning from this debacle

  • Greenflag

    Mytuppenceworth’

    ‘Labour is full of well-meaning college lefties who are full of theory but are completely lacking when it comes to the practicality of govt.’

    That may be but it also has plenty of voter support in the middle and higher echelons of the public sector who are ‘immune ‘ to market pressures except of course in extreme times such as now .

    Ironically your comment above could have been rephrased

    ‘Fianna n Fail is full of well-meaning centrists who are full of mediocrity but are completely lacking when it comes to a practical knowledge of how the global economy was actually working ‘ govt.’

    Ditto for FG and SF and the British Labour and Conservatives and Lib Dems 🙁 not to mention US Republicans and Democrats ;(

    You see they were all ‘hooked’ on OPM (other people’s money) just like the banks and hedge funds etc etc .

  • Greenflag I think you’re betting w your heart and not your head. The following is Labour’s seats in the Dail since 1977….(sorry but reality bites)……..

    1977 17 / 148 or 11%
    1981 15 / 166 or 9%
    Feb82 15 / 166 or 9%
    Nov82 16 / 166 or 9.5%
    1987 12 / 166 or 7%
    1989 15 / 166 or 9%
    1992 33 / 166 or 20% massive improvement
    1997 17 / 166 or 10% opportunity squandered
    2002 21 / 166 or 12.5%
    2007 20 / 166 or 12%

    Of course the most important figures will be the ones for the next election which I predict will be a Labour improvement at the expense of FF. However the following election will bring the levels back to their norm; Labour at 10% and FF scraping back into govt

  • Garret the Good seems to be parrotting Eamo……..“Speaking on Newstalk this morning, Garret Fitzgerald detailed the way FF have brought the country to the verge of bankruptcy twice in the last 28 years. He gave an interesting insight to what they did in the 70’s and 80’s, and the time when FG won an election there was not even time to appoint ministers as a meeting had to be convened straight away in order to rescue the country.

    He then went on to talk about how they wrecked the country this time round, through their housing bubble and massive increases in spending. He said it was a remarkable achievement to wreck the country twice in 28 years, and an even more remarkable achievement that they managed to do it this time while we were members of the Euro currency.

    Interestingly, he called for measures to stop any government from wrecking the country again, when asked for suggestions for these measures, he could not give any. “

    Doesn’t he recognise that FG and Labour counldn’t provide any opposition and are therefore somewhat to blame. Certainly blame should be allocated to the opposition in contrast to any credence for opposition as they povided absolutlly none over the last decade of irrational exhuberance.

    Any student of business, finance, economics etc could tell that the Irish Econ was over-inflated and set for a correction. Anyone who spoke of a soft-landing was a bare faced liar as opposed to just clueless.

    The banks and constructionaires are to blame (for the false property boom) as are the politicos and the media (especially the business media) for encouraging excess spending. Most pointedly the Irish citizens are to blame for listening to these fools and being led by the nose – no one to blame but themselves.

    If the moron politicos have to force people to save via SSIAs then you know it’s sad naiviety.