Yay! Everything is coming up (Irish) Roses!

election and they voted 'yes' out of fear. So sad, Ireland fought for eight hundred years before they finally got their sovereignty in the early 20th Century. As one writer said last week, people died over the course of those hundreds of years to take back their country, now, they are willing to give it up to the IMF just 80 years after finally achieving their goal, out of fear, not of death, but of financial insecurity.

They should have done what Iceland did. They too were subjected to the fear tactics, but refused to cave to the global fear-mongers.

And the sad thing is, that the whole mess will probably collapse anyhow and it will be every country for themselves in the end.

And this is what the Republicans want for the US. Austerity, European style.

the 1% loves it.

are the cases remotely the same?

out what had been done to their economies. Had they taken the road Iceland took two years ago, they might be, like Iceland, the second country in Europe to be on the rebound. But they stuck with the IMF crowd, allowing themselves to become debt slaves, like a third world country, and every country, Spain, Portugal, all of them who stayed with the Austerity (meaning save the banks and make the people pay their gambling debts) are worse off now than they were two years ago.

The proof is in the pudding, ie, Iceland. They were threatened too, that they would be isolated and their country would totally collapse. But it didn't. They nationalize their banks, arrested the crooked banksters and politicians who got them in the mess, kicked out the government, made the banks responsible for what they did, saved people from fore-closure, and put their money into the people, into Growth instead of into the banks.

Sooner or later Ireland and Spain and Greece will end up on their own anyhow. But having lost so much, mostly their sovereignty.

of the countries in trouble is based on money they borrowed but now cant pay back?

their debts remain payable and until satisfied they can't , if they chose to procede with the application, join the EU.

Good for them.

I dont mind lending the banks a hand mind you because if they had failed things probably would have gotten even worse but it seems like the ones at fault in the banking industry got away with it which blows.

the segment on 20/20 or 60 minutes about corporations moving to Ireland for the 6% corp. tax rate?

It was trying to make a case where the rich are saying that since we pay less taxes, the worker will benefit.

I guess not!!!

Story: http://www.cbsnews.com/2100-18560_162-20091720.html

Video:

during the 2008 campaign, which I think, airc, was to demonstrate how we should be as welcoming, meaning extend the Bush tax cuts. I wondered why he was so interested in Ireland at the time. Wonder what he would he have to say now.

few years ago. They cut corporate taxes and everything was roses for a few years. Then when
the economy colapsed the middle class didn't have any income to left tax and their deficit exploded.
So what do they do, well of course they cut government spending and they go into a depression.

Seems like another example of how fiscal conservatism just isn't the solution to our current problems.

is the President of Ireland and for all purposes a socialist which i'm sure he would rebuke me for saying so.
I'm just guessing here but apparently he has the same problems that President Obama does with obstruction by parties on the right at the behest of the Bankster's.
Youtube his stuff,Higgin's was a professor of debate at a college here in the US whose name escapes me at present.
Since the link button does not like me and not being a web guru by any stretch,i will attempt a direct paste to a link where he chastises a right winger on a hate radio interview.

a drop in private sector spending. I just wish that we would be more sensible during the "good times" and work on eliminating as much debt as possible so that we're in a better position to rely on short term loans to make up the deficit in the "bad times".