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Archive for the ‘Eamon Gilmore’ Category

Gilmore criticises Govt economic policies

RTE news reports

Sunday, 16 May 2010 12:30

The Labour Party leader has strongly criticised the Government’s economic policies, accusing the Taoiseach of standing idly by while the economy was taken over by speculators.

Eamon Gilmore was speaking at Arbour Hill in Dublin at the annual James Connolly Commemoration.

He said Taoiseach Brian Cowen is now attempting to rewrite history by whitewashing the past, which he said is a ‘shameful exercise’.

Mr Gilmore also said Fianna Fáil had betrayed the people of Ireland.

He said the National Asset Management Agency is a scheme designed by the golden circle, for the golden circle and delivered in ‘shiny packaging by Fianna Fáil.’

SIPTU General President Jack O’Connor also used the occasion to criticise the Government’s handling of the economy.

Mr O’Connor said the economic crisis has meant sacrifices have to be made by all sections of society, but that no-one should confuse social responsibility with a lack of will to fight.

He said such a fight must be well-informed, strategic and organised. He said public service unions are currently in discussions over what kind of strategy to employ to confront ‘the great challenge of our time’.

Mr O’Connor also described the 1997 Fianna Fáil-Progressive Democrat coalition as a ‘swarm of locusts’ who ‘destroyed any potential for a stable economy’.

He said the ‘swashbuckling winner takes all’ economic model has run its course


Story from RTÉ News:
http://www.rte.ie/news/2010/0516/economy.html

Taoiseach on AIB

Looking at the reaction to-day be the Taoiseach in the Dail I am not surprised that people are resigned to the fact that banks boards remain intact with a little window dressing done to fool the public Emanon Gilmore is right the same chancres are still in place and the incompetence is mind boggling

The new boss of AIB along with the entire board should get out that includes Sticky Dick Spring!

It’s no surprise the new AIB boss will take a cut in his salary

 (He wouldn’t get a job anywhere else having his disastrous history in AIB Capital Markets  )

He should be Fired and not promoted along with all the other senior management!

How depressing it is to find the same people in Government that are responsible for all this mess

 Cowen and Lenihan and the rest of the Dail leaches should be kicked out!

There are only trying to keep their buddies in the banks from losing everything while the rest of us lose our livelihoods and futures with their NAMA Fraud!

Let the people have their say!

“Deep divisions” are opening up in Irish society and attempts are being made to drive a wedge between public sector and private sector workers, Eamon Gilmore told the annual conference of Labour Youth in the Mansion House Dublin last night.

He said Friday’s huge turnout of both public and private sector workers at the Irish Congress of Trade Union’s (Ictu) national day of protest showed “workers are not going to lie down and meekly accept being singled out by Fianna Fáil and the Greens”.

“The Government is saying that the €4billion that needs to be found in this budget must be achieved by targeting those on social welfare; those who work in the public service; and those who are dependent on public services.

More at link

http://www.irishtimes.com/newspaper/breaking/2009/1108/breaking21.htm

Mr Gilmore, it surprises me to think that you did not anticipated this strategy from the Government and its media cronies, but what is more surprising is that you stated on TV last week to David Williams that if NAMA was passed you in a future Government would not change anything with NAMA

This has to be the shock of the year for me and thousands of others that thought you could be the obvious choice to replace Brian Cowen!

It is now not as clear to me if I should vote for Labour.

In light of this revelation, I call upon you now to demand an immediate General election.

You can stop NAMA from ever happening then,

(That is if you are really determent to stop it)

We the people have the right to vote on this ourselves don’t you think?

 

How to win a referendum:

Scaremongering but who’s doing it?


Finance Minister Brian Lenihan also warned yesterday that if Irish voters snubbed the treaty the result would “shatter international confidence” and lead to continued scarcity of funding and increased borrowing costs.(Looking for a yes vote)

A ‘No’ vote in next month’s lisbon Treaty  referendum could result in the interest bill on Ireland’s national debt jumping by up to €900m a year according to Indecon
(
Looking for a Yes vote )

A NO vote in the upcoming Lisbon Treaty referendum would represent a “spiritual withdrawal”, from Europe, Minister for Finance Brian Lenihan has warned. (Looking for a Yes vote)

A Yes vote in the referendum would earn Ireland the continued goodwill and support of the EU in tackling the banking crisis, he added.

Mr Gormley “It would be entirely counterproductive to vote “The whole emphasis in terms of the European recovery is a green recovery [which can provide] jobs, jobs, jobs.” Echoing the sentiments of other pro-Lisbon political leaders, “It would be a huge mistake to focus on national issues when this is a campaign to get us out of recession,” he said. (Looking for a yes vote)

How to win a referendum:

1. On top of high VRT, introduce a Green (Party) carbon tax, and just to be on the safe side, impose a €200 a year work parking tax, just for daring to have a job!

2. Make the citizens vote a second time, even though they said No – but make sure you don’t change the wording.

3. Have on the Yes side a millionaire car salesman, like Bill Cullen, who opposed changes to the infamous VRT, and is the biggest over priced merchant for  the Renault spear parts in the country(Nice one Bill!)

 

4 . Have Ryanair on the Government side, who are best known for their F-Service , saying there are a millions reasons to vote Yes (excluding taxes and charges), and (Baggage charges Now approaching 100 euro per bag) then have the same Government introduce a €10 travel tax, contrary to EU law of freedom of movement between member-states.

5 . In case the European Central Bank doesn’t hype up mortgage rates any time soon, re-introduce water rates and a property tax on every family home in Ireland, while at the same time making taxpayers bail out the bankers and the builders.

6 . Make sure Brian Cowen leads the Yes campaign.

7 . Have crooks running FAS

8 . Have people like John O’Donoghue become Ceann Comhairle in the Dail

9 . Create Toxic Banks to help your buddies in the Banks and the Building


Industries

10 . Keep corrupt Politicians in places of power

11 .TAX the Sh*** out of the ordinary people

12 Tell them you are going to crucify them in the coming December Budget

13. Make a complete mess of the Economy, and blame it on the ordinary people

For having paid extortion prices for their own homes

14. Put a Tax on those homes, let say 1000 Euro on average for every home in

The land

15 .when you hold a referendum keep going back to the people until you get the right result (the one you want)

16 .
Keep corrupt Bankers in their High paying Jobs at Bankrupt Banks

17. Allow these same Banks (Now with Government appointed Directors) to

Overcharge their own customers, and then, clam that it was a computer error when found out.

18. Allow dodgy Building Developers stroll into the courts of the land and present fantasy valuations as a means to dance around The Supreme Court rulings

When 80 families are turned out, and lose their overpriced homes every week, sold to them by these developers in the first place

19 . Make it blatantly obvious, that there is one law for the rich, and another law for the poor in this country

20. Tell everyone that NAMA is the only game in town and we the people must pay the gambling debts of the super rich of the country.

That should do it!

 

 

 


NAMA up-date

 


 

Up to 25 bank directors will be forced out under the NAMA deal.

The Cabinet yesterday signed off on the latest draft of the laws to bring in the Government’s ‘bad bank’.

Ministers agreed on a way of sharing the risk between the banks and the taxpayer.

It includes a form of delayed payment to the institutions for their toxic loans. In a significant departure, Fianna Fail last night allowed the Greens to take credit for the changes to the NAMA bill.

Part of the package of measures to reassure the public is the removal of the remaining directors from bank boards, as revealed in the Irish Independent yesterday. The Greens’ demand on the introduction of new bank board’s was agreed in principle by ministers, but precisely how it will be done has still to be worked out. Communications Minister Eamon Ryan stressed that the removal of the directors would be “an orderly changeover” over the course of two years.

All non-executive directors of the banks participating in NAMA will, if appointed prior to 2008, be required to step down. That will affect up to 25 bank directors in AIB, Bank of Ireland, EBS, Irish Nationwide and Anglo Irish Bank.

Irish Life and Permanent directors will not have to resign as it is highly unlikely to apply to be covered by NAMA.

Mr Ryan indicated the Greens pushed hard with their Fianna Fail counterparts to get their proposals included.

And he hinted that his party will play a greater part in the broader development of government policy from now on.

A large number of directors of the banks have remained in place since the crisis began last September, at the time of state bank guarantee.

Many of the non-executive directors command in excess of €100,000 for sitting on the board.

The Greens are also claiming credit for a windfall tax of 80pc, on profits gained from increases in land value due to re-zoning decisions, to discourage property speculation.

The party is also saying it is responsible for linking planning changes into the NAMA process and bringing in new rules governing corporate practice in the banks. The junior coalition partners were allowed, by Fianna Fail, to announce the changes. The party has a meeting with its grassroots members at the weekend to discuss the NAMA legislation.

The Greens being giving a free run is a sign Taoiseach Brian Cowen is conscious of the need to keep his partners onside to prevent the Government from collapsing.

The Greens’ ministers will offer the cull of directors, the reassurances to the taxpayer and the planning changes as a sweetener to members to back NAMA. The second draft of the NAMA legislation will be published today.

Secretive

Officials are still working on rules to force the banks to lend money to businesses after NAMA takes the toxic development loans off their books.

Meanwhile, Fine Gael called on the Government to publish the “NAMA 1,500” — the people that will be beneficiaries of the NAMA plan, so the taxpayer can see who is being bailed out.

FG finance spokesman Richard Bruton said at its core NAMA is a “secretive, tax-funded, politically directed work-out process for 1,500 of the most powerful, well connected business people in Ireland“.

The IBOA also has called for sweeping changes to the make-up of bank boards as the finance union give a conditional support for the Government’s ‘bad bank’ plan.

– Fionnan Sheahan and Joe Brennan

Ruairi is on the case!

Dear Thomas,

 

Thank you for your email regarding NAMA. The Labour Party is closely examining the draft legislation, which is really a discussion document, but I expect to see significant changes when the actual legislation is published sometime in the next fortnight.

 

My colleague, Joan Burton TD, has written to Brian Lenihan seeking clarification on a number of issues and will be raising these directly with him at Monday’s Finance Committee meeting. In particular, she has sought clarification on the crucial issue of asset valuation, which appears vague and at the discretion of the Minister.

 

The legislation as it currently stands appears designed to facilitate a significant transfer of wealth from taxpayers to bank investors. Labour has been consistent in its approach to the Fianna Fail banking crisis since last Autumn, putting the ‘taxpayer first’.

 

We opposed the reckless bank guarantee. We opposed pumping €7bn of taxpayers money into the banks without securing fundamental reform and regime change at management level. We opposed the nationalisation of Anglo Irish Bank which bailed out its bondholders.

 

The Labour Party advocates the nationalisation of the banks as the least risky and least costly approach to restoring the flow of credit in our economy without putting future generations in hock for billions. We have serious concerns with respect to Dáil oversight and the extent of discretionary powers given to the Minister. I expect that the Labour Party will not be supporting NAMA in its current form.

 

Yours sincerely,

Ruairi Quinn TD

Labour Party Spokesperson for Education and Science

Leinster House

Kildare Street

Dublin 2

01 618 3434

Just a Minute Brian not so Fast!

EAMON GILMORE T.D.Replies

Dear Mr Clarke

,

 

Thank you very much for your correspondence concerning NAMA.

The Labour Party does not support the Government’s proposals on NAMA, and on the banking system. The Labour Party has proposed an alternative approach to dealing with the banking crisis i.e. the temporary nationalisation of the main banks. This proposal was put by Labour in a Dáil debate on May 12th and 13th last (available on http://www.oireachtas.ie), but was defeated in a vote on the evening of the 13th.

Labour has consistently opposed the NAMA approach which we believe will beggar this, and future generations of taxpayers.

Typical of the present government, they published their bill in the middle of the summer, in the hope, that it would attract little attention. I am glad that you have identified the flaws in the proposed legislation. Your comments will be of great assistance to me and to my parliamentary colleagues, as we prepare for the Dáil debate on the NAMA Bill on September 16th.

Yours sincerely,

 

EAMON GILMORE T.D.

LABOUR PARTY LEADER

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