Monday, February 21, 2011

Conspiracy against Sinn Féin ?


I won’t for one minute claim to be a Sinn Féin supporter; in fact there are several things I disagree with in regards to them. However they are the only major party to be standing up for the people of Ireland and for that reason they will get my support at the coming general election.

Recently I have begun to notice how in my opinion there seems to be a massive attack against the party from all areas, including the media, the press, opposition parties and I now believe the opinion polls.

In all reality we know that Sinn Féin will not win the general election, but a good strong Sinn Féin in opposition could do a lot of damage to the next government and be a stronger voice for the Irish people. Is this something the establishment are afraid off; is there a conspiracy against Sinn Féin to stop them becoming that threat?

Let’s start here on P.ie, there are several pathetic posts attacking Sinn Féin, including threads in relation to Sinn Féin and Gaddaffi etc. Why these posts are even started? What are these posters afraid off, do they think Sinn Féin will win the election and turn Ireland into an outpost of the Middle East?

Opposition parties especially Fianna Fail spent most of the debating tome they had the other week attacking Sinn Féin, WHY? They all consider Sinn Féin to be a small party with no influence especially if you look at the latest opinion polls.

Opinion Polls, showing Sinn Féin are losing support not gaining, yet if you look at the Boards.ie polls Sinn Féin are doing fairly well, the people I speak to say they are voting Sinn Féin for similar reasons to me and lack of choice and vision from the 3 other main parties.

Media, TV stations like TV3, TG4 and even RTE give no time for Sinn Féin, in the recent leaders debates the 3 TV stations considered the leader of Fianna Fail to actually have a chance of leading the country! Everyone knows Fianna Fail have no chance at all and yet the media including the press continue to give the 3 main parties all the coverage leaving aside parties such as Sinn Féin.

I actually believe Sinn Féin will do far better than expected in the upcoming election, but I feel this will be in spite of a massive conspiracy to try to reduce support for the party.

In summary, if Labour, Fine Gael or Fianna Fail wanted to put the people first then they would have. The only major party to do this are Sinn Féin and yet they are the ones receiving all the negative press.

Tuesday, February 15, 2011

FACT OR FICTION: whats the real story on letting the banks collapse?

I am fast becoming tired of the old story about the banks.

Fine Gael, Fianna Fail, Labour and the Green party keep throwing out the same old rhetoric about had we let the bank’s collapse or even if we do let them collapse now or in the foreseable future, we wouldn’t be able to pay Doctors or Nurses, Teachers or Gardai. Business would collapse and ATM`s would shut down.

Everything these party’s speak describe a doomsday scenario.

But how far from the truth are we here? Would this actually have happened and would it happen now?

In my opinion the whole idea of bank collapse is fiction, we were told by Fianna Fail not too long ago that the state had enough funds to last us for 2011 and we didn’t need any bailout. We were told we didn’t need any more money from bond markets and we were in good shape.

Ireland had a National Pension Reserve fund of around 20 Billion, this was more than enough cash to plug the hole in our finances for one year, so had we let the banks go we would not have seen wages for Doctor`s, Gardai etc go unpaid.

We would have in fact been in a position where we could have taken the Sinn Fein approach and taken the banks into full state control. We then could have told all the bond holders and people who had debts with the banks that they banks were now in administration and the only guarantee we would honour would be personal bank accounts of Irish citizens up to €100,000.

The banks would then be in a position to continue trading whilst agreeing a debt repayment scheme with its debtors as any administration of a business would normally exist.

Even if we did as Sinn Fein want to do now and end the states affair with the banks I see no reason as to why the doomsday scenario portrayed by the other political parties would exist.

We would simple split state debt from bank debt. We could then work with the people of this country from top down and cut the deficit whilst attracting new business into the country for jobs. Any financial gaps we would have could be plugged by returning to the bond markets with a display of cutting the sovereign debt of the nation with real ideas and fairness whilst cutting all ties with bank debts, this would encourage a positive effect with the bondholders and show them Ireland was getting its house in order without the stranglehold of tens of Billions of banking debt around our necks.

The situation should be that whilst this state is in the mess it is no TD should take a salary above the national industrial wage of €40,000. Its thinking outside the box like this that this country needs and not deflationary ideas such as cutting the poorest people in society as Labour, Fine Gael and Fianna fail wish too.

Finally to summarise I wish to make one final point.

We are told that the debts of Ireland as they exist today will cost every man woman and child around €60,000. Imagine instead that we handed every man woman and child €60,000 in cash instead of bailing out banks, imagine the stimulus this country would have had. Would we even care about banks collapsing if this was the option we could have had?


http://www.politics.ie/economy/152323-fact-fiction-whats-real-story-letting-banks-collapse.html