Gilmore losing the run of himself

eoinod

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I just read this article on breaking news.ie.

The Labour leader Eamon Gilmore has accused Fine Gael of lining up on the Fianna Fáil side when it comes to dealing with the banking crisis.

Speaking at the launch of his party's European election campaign, Mr Gilmore re-iterated his view that the up-coming elections will be a contest between Labour and Fine Gael as to which party will lead the alternative to Fianna Fáil.

He said the difference between Fine Gael and Labour can be clearly seen in their approach to dealing with the banks.
Gilmore: FG siding with Government on banking crisis | BreakingNews.ie


___________________________________________________________________

Is Gilmore delusional? Labour are well off Fine Gael in the polls. He needs to realise that he is not Barack Obama and stop undermining the alternative to the FFers and attacking FG at any opportunity. It does neither himself or his party any favours.

Anyway to point out the utter hypocrisy of what Gilmore is saying. Labour are the one's closer to FF when it comes to dealing with the economy.

-Labour want to nationalise the banks, FF nationalised Anglo, FG opposed nationalising any bank (although Burton still complained about the govt. bailing out angle...)

-Labour and FF both agree that higher taxes is the key to restoring our public finances. FG however believe that public sector reform is what is required.

Gilmore's head would appear to be up in the clouds. Presumably he is sadly pandering for FF second preferences in the by-elections... his candidates only real chance of election...
 


porthos2

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He really is getting ahead of himself. The only way to guarantee that FF aren't in Government after the next election is to vote for FG.
 

Cato

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The only way to guarantee that FF aren't in Government after the next election is to vote for FG.
This is the line that's going to deliver a landslide to FG. They need to bang this drum continually.
 

Peterdee

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You would think Labour hierarchy would have learned from the previous Spring fiasco of shared Taoiseach etc.,

Gilmore is doing well , as long as he does not go walkabout chasing pipedreams.
 

constitutionus

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gilmore wants to be taoiseach.

simple as.
 

mccafferty cat

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He also predicted 4 European seats. Why would he say something as stupid as that when:

a) There is no way in hell they will get 4
b) There is a serious possibility that they will only end up with 1

Labour never learn. They built themselves up for a fall in 2002 with this kind of carry-on
 
A

AMCW177

Speaking at the launch of his party's European election campaign, Mr Gilmore re-iterated his view that the up-coming elections will be a contest between Labour and Fine Gael as to which party will lead the alternative to Fianna Fáil.
Nonsense, and he knows it. Labour are no alternative to FF. Most of them would quite happily jump into bed with FF. This is all about Labour trying to achieve two distinct but intimately entwined goals:

a) Limit FG's seat gains in any Dáil election so that they need Labour to form a Govt

b) Limit FG's seat gains in any Dáil election so that the (secretly preferred) FF/Lab option is always open.

While Labour have some good people I cannot in all conscience even give them a low transfer while they continue to play all sides against the middle for their own advantage. At this stage of the game, you are either unequivocally ABFF; or you are a dishonest traitor to Ireland and an apologist for corruption and mismanagement. We really are at that point now, and Labour need to decide which side they are really on.
 

droghedasouth

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Its a pity that Gilmore is talking total shjte claiming that FG are supporting FF policy on the banks.

The government want to pursue their crazy NAMA strategy.
The LP wants to (temporarily) nationalise the banks.
FG wants to use a legacy/new bank system to ensure that subordinated bondholders are burnt before the taxpayer.
Both the LP and the Ff propsals would rescue the subordinated bondholders.
So who is supporting FF policy?

If he only paid a modicum of attention at yesterday's debate, he wouldn't be carrying on with this nonsense.
Or maybe he would.
 

democ80

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ha ha none of ye have a clue in here . ye always only pick up what ye want to. you have to read all ecomomic recovery plans not just some pieces of it .I have a question for ye . Name one labour TD or councillor that has been in front of a tribunal ?
 

mccafferty cat

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At Labour's BEST EVER election result (1992), they still had 12 seats less than Fine Gael.

At FG's WORST EVER election result (2002), Labour still had 11 seats less than Fine Gael.

So what's the brave new strategy from Gilmore for 2009: "This is a contest between Fine Gael and Labour!"

I wonder who will win? :roll:
 

droghedasouth

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ha ha none of ye have a clue in here . ye always only pick up what ye want to. you have to read all ecomomic recovery plans not just some pieces of it .I have a question for ye . Name one labour TD or councillor that has been in front of a tribunal ?
Pat Rabbitte.
 

blucey

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Its a pity that Gilmore is talking total shjte claiming that FG are supporting FF policy on the banks.

The government want to pursue their crazy NAMA strategy.
The LP wants to (temporarily) nationalise the banks.
FG wants to use a legacy/new bank system to ensure that subordinated bondholders are burnt before the taxpayer.
Both the LP and the Ff propsals would rescue the subordinated bondholders.
So who is supporting FF policy?

If he only paid a modicum of attention at yesterday's debate, he wouldn't be carrying on with this nonsense.
Or maybe he would.
nationalising if they go the route the 20 eocnomists suggested wouldnt rescue the subordinated debt holders
 

wysiwyg

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He is dead right.

The arrogance of the FG posters on here is breath taking. Eamon Gilmore is the leader of an Opposition party and should have more ambitions than to stand in line like a good little boy and prop up FG when he is told
 

constitutionus

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you know there was one bit of info that came out recently that made me think nationalisatin of the banks WONT happen.

theres 200 THOUSAND shares holders out there with less than 10k in shares in the banks.

thats ALOT of registered voters. :)

LAB might want to think about that when going on about nationalisaton i.e taking their money off em, whilst asking them to VOTE for it at the same time .
 

droghedasouth

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nationalising if they go the route the 20 eocnomists suggested wouldnt rescue the subordinated debt holders
Show me where they say that.
They speak vaguely of recapitalisation.
The letter does not mention either Tier 2 capital or subordinated bonds.
 

grassroots

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The Labour leader's lack of understanding of finance have been shown up as a serious liability. Labour policy of nationalising the bank's at this juncture would go down like a lead balloon in financial markets now for the following reasons.
*the banks are dependent on wholesale and corporate deposits from overseas. This will flow out at the first sign of nationalisation. Look what happened to AIB in Q1 when risk of nationalisation was at its height. Deposits fell by 10%. Similar has happened to Anglo & BOI.
*investors would fear credit would be allocated on a political basis not market basis and vote to leave.
*FDI would wonder what might be expropriated next and cut investment here. US FDI does not like state control or command economies..apart from big oil.
*credit would contract not grow, the recession would deepen and unemployment would rise.
Having temporarily nationalised the banks, EG would find himself stuck with them for a long time. Ministers would then be explaining on Moaning Ireland why so & so was denied a loan.
 

droghedasouth

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The Labour leader's lack of understanding of finance have been shown up as a serious liability. Labour policy of nationalising the bank's at this juncture would go down like a lead balloon in financial markets now for the following reasons.
*the banks are dependent on wholesale and corporate deposits from overseas. This will flow out at the first sign of nationalisation. Look what happened to AIB in Q1 when risk of nationalisation was at its height. Deposits fell by 10%. Similar has happened to Anglo & BOI.
*investors would fear credit would be allocated on a political basis not market basis and vote to leave.
*FDI would wonder what might be expropriated next and cut investment here. US FDI does not like state control or command economies..apart from big oil.
*credit would contract not grow, the recession would deepen and unemployment would rise.
Having temporarily nationalised the banks, EG would find himself stuck with them for a long time. Ministers would then be explaining on Moaning Ireland why so & so was denied a loan.
While I disagree with the policy you are talking shjte.
Anglo-Irish Bank is still open for business in spite of being nationalised.
As far as depositors are concerned, or inter-bank lenders, a nationalised bank is the safest possible place to deposit money among all a country's banks.
 

wombat

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Eamon Gilmore is the leader of an Opposition party and should have more ambitions than to stand in line like a good little boy and prop up FG when he is told
I have no problem with Gilmore's ambitions for the Labour Party or for himself, I just disagree with him on problems and solutions, which is why I'm not a Labour party member. I believe that he thinks that FF will lose enough seats and Labour will gain enough to make a Labour / FF govt. possible. He has said that FF need to be replaced and I think that he will encourage transfers to go to other non govt. parties, including FG but if the numbers are right and FF are willing, he'll happily take their support.
 

porthos2

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He is dead right.

The arrogance of the FG posters on here is breath taking. Eamon Gilmore is the leader of an Opposition party and should have more ambitions than to stand in line like a good little boy and prop up FG when he is told
Reality bites, doesn't it?
 

grassroots

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While I disagree with the policy you are talking shjte.
Anglo-Irish Bank is still open for business in spite of being nationalised.
As far as depositors are concerned, or inter-bank lenders, a nationalised bank is the safest possible place to deposit money among all a country's banks.
Why is it paying the rate that it is paying and why are deposits flowing out of it like a broken water main.
 


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