Election 2011 Offical Thread.

[All of a Sludden]

You are compatible with the Labour Party.   You are also close to Fine Gael. 

FF -5  SF -7

[lawnseed]

surprise! im a shinner with labour leanings

ps did anyone watch vincent browne last night he interviewed john gormley, who and this is extraordinary said that biffo was taking advice on the bank gaurantee from none other than DAVID MCWILLIAMS .

[Hardy]

This is worth a laugh!

http://www.youtube.com/watch?v=yieS7jWWdB8&feature=player_embedded

[Hardy]

FF -4
FG 11
LP 6
GP 8 
SF -4

[mylestheslasher]

surprise! im a shinner with labour leanings

ps did anyone watch vincent browne last night he interviewed john gormley, who and this is extraordinary said that biffo was taking advice on the bank gaurantee from none other than DAVID MCWILLIAMS .

I doubt that given that McWilliams is a huge critic of government policy and actually is on record agreeing with Sinn Feins policy on finance.

[lawnseed]

gormley says he was there, WTF unbelieveable claim i cant believe browne didnt pull him up.

yes myles just watched it again on catch up the blanket gaurantee WAS david mc williams idea, and was refered to in the negotiations as the 'mcwilliams option' crazy stuff

[Bogball XV]

How did Iceland and Argentina manage to do it? not directing it at you DH as we both profess to know little about it, but can someone tell me why we can't burn the bondholders when others can??

It wasn't pretty there either. Iceland had interest rates at 18% - I wouldn't like to be paying a mortgage with that rate. Not sure what they're doing now for capital.
I don't know the detail but I was of the understanding that Argentina either couldn't go to the bondmarkets or were having to pay ludicrous rates to borrow after defaulting.

There's no easy solution, but these are the things that people aren't told as part of the 'burn the bondholders' strategy. It's not that anyone actually wants to pay them, it's just the consequences of not doing so.

Argentina was run by the military up to their crisis, they seized the pensions and froze the bank accounts of all of its citizens. They tried to seize foreign assets of citizens to pay the  government debts. There was 18% unemployment, riots, many deaths.

They could only achieve the above as they had their own currency. Their ten year bond rates are down to  around 9% now which is crisis level for us.

Argentina is not the way we want to go.

i don't know a lot about the crisis, but surely the military was overthrown (stepped down) shortly aftert the falklands war, sometime around the mid-80'S?

[Ulick]

FF -6
FG -8
LP 19
GP -5
SF 31

Always presumed I'd be close to the Greens. They must be even more looney than I thought.

[lawnseed]

gormley says he was there, WTF unbelieveable claim i cant believe browne didnt pull him up.

yes myles just watched it again on catch up the blanket gaurantee WAS david mc williams idea, and was refered to in the negotiations as the 'mcwilliams option' crazy stuff

[muppet]

gormley says he was there, WTF unbelieveable claim i cant believe browne didnt pull him up

McWilliams advised Lenihan, his hands are not clean however he says his advise was not quite what was actually implemented. Merrill Lynch said the same thing.

Fianna Faill cherry picked what suited them from the advice and now claim that they followed it.

[lawnseed]

absolutely crazy stuff I'm shocked. get the Brits back we obviously cannot run our own country. not one of these wankers has a clue

[lawnseed]

absolutely crazy stuff I'm shocked. get the Brits back we obviously cannot run our own country. not one of these w**kers has a clue

ps gormley has actually gone up imo at least hes spilling the beans

[Maguire01]

gormley says he was there, WTF unbelieveable claim i cant believe browne didnt pull him up.

yes myles just watched it again on catch up the blanket gaurantee WAS david mc williams idea, and was refered to in the negotiations as the 'mcwilliams option' crazy stuff

Is this the same McWilliams that Ulick was directing us all to in relation to his 'support' for SF's strategy?

[AZOffaly]

I think he does broadly agree with SF now. I'd say he's a bit embarrassed about his input that night now.

I hate celebrity economists.

[mayogodhelpus@gmail.com]

http://www.votomatic.ie/Test.aspx
G'wan, give it a go!

My result:
You are a hardcore Labour Party supporter.

Fine Gael 12
Labour 10
Greens 7
Fianna Fáil -2
Sein Fein -4

As I expected I am a Social Democrat with some Conservative leanings.