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Bonds over 7%,McDaid quits and slates Gov policy, High Court ruling- GE Next!?


loaded32

Active member
Joined
Feb 23, 2009
Messages
280
Ok, so this week alone we have had these 3 major develeopments:

1- Our 10 year bond yield has passed the 7% mark and upwards

2- Jim McDaid resigned his Dáil seat and along with personal details, he gave a damning summary of the current government, saying that they have only being pursuing policies that will bring the least challenge for them and that they have been primarily focussed on their own survival in government as opposed to the survival of the economy and state!

3- The High Court this morning rules that the delay in holding the Donegal NW bye-election has no grounds and that Senator Doherty's rights under the constitution are being negated by such delays.

Surely the game is up!!! I mean, what else needs to happen to bring about a General Election!!?? (apart from the frightening stuff about AIB that I heard on RTE drive time yesterday evening : 0 )
 

Social Conscience

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Joined
Oct 27, 2010
Messages
1,273
It feels like all our birthdays have come at once - surely we would never be that lucky to have a GE sooner rather than later......
 

sport02

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Sep 25, 2010
Messages
19,656
It is meltdown for the goverment,economy and country.
 

Mushroom

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Nov 27, 2009
Messages
15,777
Surely the game is up!!! I mean, what else needs to happen to bring about a General Election!!??

How about Bozo Lenihan resigning his seat on the grounds that his doctors have advised that he is medically unfit to continue representing his constituents (i.e. bond holders, developers and bankers)?
 

Mister men

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May 9, 2010
Messages
2,887
To much apathy in this country. I fully expect FF to go the whole term.
 

Social Conscience

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Joined
Oct 27, 2010
Messages
1,273
How about Bozo Lenihan resigning his seat on the grounds that his doctors have advised that he is medically unfit to continue representing his constituents (i.e. bond holders, developers and bankers)?
Possible contender for post of the month........

Brian Clown has already started the delaying tactics as regards today's High Court decision - I have the pitch fork ready. I think its time to take to the streets - of course when the students are finished that is.
 

Asparagus

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Joined
Apr 7, 2010
Messages
4,882
How about Bozo Lenihan resigning his seat on the grounds that his doctors have advised that he is medically unfit to continue representing his constituents (i.e. bond holders, developers and bankers)?
I have serious reservations as the veracity of his reported condition.
 

Holy Cow

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Joined
Oct 8, 2010
Messages
2,085
The net is closing. FF are in a hole, and busy with the shovel.
 

DCon

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Joined
May 5, 2009
Messages
5,901
The net is closing. FF are in a hole, and busy with the shovel.
They have bailed out most of their mates by this stage so they might not mind an exit..
 

Holy Cow

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Oct 8, 2010
Messages
2,085
They have bailed out most of their mates by this stage so they might not mind an exit..
Its the cover up they are worried about now.
 

Skrynesaver

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Joined
May 25, 2009
Messages
279
It is starting to look as though the next election will be a plebiscite on the various 4 year plans the parties put forward.

I can't see this shower getting a budget through and even if they did they'll never pass the finance act which would be obvious when we went to the bond market in April.

So if they have any shred of decency they'll call an election after SF move the writ tomorrow morning.
 

Paulo

Active member
Joined
Sep 28, 2010
Messages
135
They'll string it out as long as possible. I don't even think they understand why they are doing this because they are delaying the inevitable.

They remind me of the property investor who delays the sale of a property in the hope of the market improving. They say "I can't sell now, what if the price rises in a few months - We can't have an election now, we're only at 30 -25-22-18%" They should have gone to the country when they were at 30%, that way they might have held onto 50 seats. If they poll 18% in a GE they could be as low as 25 seats.

If they hold on now , against the clear wishes of the people, and against the spirit of the high court declaration, they could drop to 15% and below.
 

DCon

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Joined
May 5, 2009
Messages
5,901
They'll string it out as long as possible. I don't even think they understand why they are doing this because they are delaying the inevitable.

They remind me of the property investor who delays the sale of a property in the hope of the market improving. They say "I can't sell now, what if the price rises in a few months - We can't have an election now, we're only at 30 -25-22-18%" They should have gone to the country when they were at 30%, that way they might have held onto 50 seats. If they poll 18% in a GE they could be as low as 25 seats.

If they hold on now , against the clear wishes of the people, and against the spirit of the high court declaration, they could drop to 15% and below.
I think they have written off the next election completely.

Protecting the party sponsors was more important to the long-term survival of FF.

They will take 5 years to regroup, and hope the economy improves during this time.
 

Paulo

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Joined
Sep 28, 2010
Messages
135
I think they have written off the next election completely.

Protecting the party sponsors was more important to the long-term survival of FF.

They will take 5 years to regroup, and hope the economy improves during this time.
If their vote drops below 18%, their potential seat numbers will range from 20 to 30. It might not be possible to regroup from that level and the beloved sponsors will flee.
 

cashinhand

Well-known member
Joined
Dec 13, 2007
Messages
919
They'll string it out as long as possible. I don't even think they understand why they are doing this because they are delaying the inevitable.

They remind me of the property investor who delays the sale of a property in the hope of the market improving. They say "I can't sell now, what if the price rises in a few months - We can't have an election now, we're only at 30 -25-22-18%" They should have gone to the country when they were at 30%, that way they might have held onto 50 seats. If they poll 18% in a GE they could be as low as 25 seats.

If they hold on now , against the clear wishes of the people, and against the spirit of the high court declaration, they could drop to 15% and below.
That's a good analysis. Yes, it's over. The government has boxed itself into a corner. Hold on and vote share goes down, so they have to go now or face wipe out.

If Cowen, Martin and Ahern (and other ministers) hope to hold on to their seats, they will have to go now, or FF may go the way of the Progressive Conservative Party in Canada in the early nineties (going from a ruling majority to two seats in one election!).
 

Canon

Member
Joined
Aug 29, 2010
Messages
63
In place of Haughey's "I have done the state some service"speech from Othello what would
an Taoiseach's parting shakespearean speech be "Why should I play the Roman fool and die
on mine own sword? While I see life, the gashes do better upon them." from Macbeth!
 
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