Socialist party statement on Economy and the Election

making waves

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A major statement from the Socialist Party on the IMF/EU bailout, the budget and the upcoming general election written by Socialist Party National Secretary, Kevin McLoughlin.

"Sunday 21 November, the day the Irish government formally applied for a bailout to the EU and IMF, should be marked as the day that the Irish capitalist class were exposed as a rotten, despicable failure, bankrupt in every sense and incapable of offering any way forward. The significance of these developments cannot be overstated; they are a turning point in Irish history and will impact on other countries in Europe and the EU itself."

Read more -
Oppose the IMF/EU backed attacks | Socialist Party
 


kenneth

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With regards to the United Left Alliance they said today that they'll run twenty candidates in the general election. Well are they gonna run more than two candidates in some constituencies? And if so where is the point in uniting two different parties if they are gonna continue to run against eachother?
 

msteiner

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All I can say is that Joe Higgins probably has a Dail seat in the bag. It's possible that SP could replace the Greens as the smallest representative party in the Dail, and I would have to say that most Greens will probably lose reelection.
 
G

Gimpanzee

Interesting that in that article the word 'borrow' appears 4 times - all related to the banks. Not one mention of the fact that the state is borrowing close on 20bn a year to run the country. Head in the sand, same as ever.
 

making waves

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Interesting that in that article the word 'borrow' appears 4 times - all related to the banks. Not one mention of the fact that the state is borrowing close on 20bn a year to run the country. Head in the sand, same as ever.
The statement is an analysis of the current ecnomic and political situation in the country. It is not meant as an outline of policy with a solution for the crisis. The statement, however, does address the deficit crisis and does briefly outline a proposal.
 

cluainsaileach

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Surprise surprise. Another analysis from the socialist party without attempting to provide some practical solutions.
 

Sync

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Not to be cruel, but it's not really possible for a party with no TDs to make a major statement.
 

atlantic

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The only solution any socialist has is sticking his hand in another persons pocket and extracting any loot left there.They live in a land of Fairies and pixies where everyone is the same.As for Higgins if he ever got the reins of power he would be one of the most dangerous dictator types seen in Europe for along time.He's your typical left winged academic I know better then you type and if I want your opinion I,ll GIVE TO ya, a dangerous type of people to let loose in power.
Surprise surprise. Another analysis from the socialist party without attempting to provide some practical solutions.
 

msteiner

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The only solution any socialist has is sticking his hand in another persons pocket and extracting any loot left there.They live in a land of Fairies and pixies where everyone is the same.As for Higgins if he ever got the reins of power he would be one of the most dangerous dictator types seen in Europe for along time.He's your typical left winged academic I know better then you type and if I want your opinion I,ll GIVE TO ya, a dangerous type of people to let loose in power.
I couldn't agree with you more.
 
D

Deleted member 17573

A major statement from the Socialist Party on the IMF/EU bailout, the budget and the upcoming general election written by Socialist Party National Secretary, Kevin McLoughlin.

"Sunday 21 November, the day the Irish government formally applied for a bailout to the EU and IMF, should be marked as the day that the Irish capitalist class were exposed as a rotten, despicable failure, bankrupt in every sense and incapable of offering any way forward. The significance of these developments cannot be overstated; they are a turning point in Irish history and will impact on other countries in Europe and the EU itself."

Read more -
Oppose the IMF/EU backed attacks | Socialist Party
If you want to tout a party statement on the economy, will you give us one with a few figures included.
 

Mushroom

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As for Higgins if he ever got the reins of power he would be one of the most dangerous dictator types seen in Europe for along time.He's your typical left winged academic I know better then you type and if I want your opinion I,ll GIVE TO ya, a dangerous type of people to let loose in power.
Michael D or Comrade Joe?
 
D

Deleted member 17573

Heres a quick copy and paste of the figures in the article but you may have to read article to understand context.

-From its high point, the southern Irish economy has declined by nearly 15%

-In a country with a workforce of less than 2 million, 450,000 are currently unemployed.

-cuts of €15 billion that the government has already imposed.

-probably more than €25 billion worth of deposits have been taking out of the Irish banks this year in a flight of capital

-Instead they borrowed huge amount from the European Central Bank (more than €90 billion) and from the Irish Central Bank (€20 billion). Irish banks currently hold 20% of all the monies loaned out by the ECB.

-The original money that the Irish bankers borrowed from the ECB was at an interest rate of 1.5%.

-This money in this bail out will most likely be charged at an interest rate of between 5 – 6% (article is from before rate was announced)

-Brian Cowen said that there would be €3 billion cuts in this December’s Budget. The government over the last weeks doubled its proposed cuts and are now talking about a staggering €6 Billion of cuts in the Budget, to be followed by another €10 billion cuts before 2014!

-By 2014 they aim to have cut over €30 Billion from the budget, which fi they are successful, would be practically a 50% reduction on the budget of 2007!

-The cuts being proposed are part of a plan to reduce the current budget deficit from 32% of GDP to 3% by 2014. They are basing this plan on an assumed growth rate of 2% over the next years
I was talking about you guys quantifying your proposals.
 

Phoenix_Rising

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A major statement from the Socialist Party on the IMF/EU bailout, the budget and the upcoming general election written by Socialist Party National Secretary, Kevin McLoughlin.

"Sunday 21 November, the day the Irish government formally applied for a bailout to the EU and IMF, should be marked as the day that the Irish capitalist class were exposed as a rotten, despicable failure, bankrupt in every sense and incapable of offering any way forward. The significance of these developments cannot be overstated; they are a turning point in Irish history and will impact on other countries in Europe and the EU itself."

Read more -
Oppose the IMF/EU backed attacks | Socialist Party
Only telling us what we already know, the bailout is about saving the Euro, will cripple the low income and less well off, will not work etc etc.

Where are the policy proposals to overcome the deficit? Where do the SP propose we get the money to run the state. I see a few ideas at the end of the blog about taxing the rich (which I agree with) but then no firm proposals on what that entails, how much can be raised by taxing the rich, what other revenue making ideas they have, no job stimulus proposal or how they propose to get Ireland back to work etc etc.

Until the SP put forward real proposals on how to get Ireland back to work, can close the deficit over a set period of time or how they plan on paying for what the espouse then they will just be seen as bit part players in Irish politics.
 

Luigi Vampa

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I was talking about you guys quantifying your proposals.
This was recently posted on another thread by making waves

http://www.politics.ie/united-left-alliance/144164-united-left-alliance-information-4.html

2% wealth tax on all wealth over €1million = €2.6billion
Standard rate all pension tax reliefs = €750million
Increase CAT and CGT to 40% = €350million
Abolish PRSI ceiling and apply it on all income = €200million
Abolish property tax reliefs = €400million
Cap salaries of public servants at max €100K and abolish Seanad = €400million
Scrap consultancies and half professional fees = €500million
Increase Corporation Tax to 17.5% = €500million

This would save the entire amount that the government plans to cut next week without any pay cuts, job losses or reductions in services.
 


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