Enda Kenny, Barroso’s Lapdog

Jose Manuel Barroso

Jose Manuel Barroso must be pleased.  Not only did Taoiseach Fido respond well to praise, but he also sat quietly on the Commission president’s lap throughout the press conference.  Even when a stray bondholder ran through the crowd, chased by an Icelandic Hjalllkjaffjollkallkokutllhundur (thievingbankerbastardhound), Fido merely licked José’s Rolex.

I am very please that Ireland is make such good progress, said José.  If Ireland continue to pay back  debts of billionaire gamblers, we might allow them to borrow again in 2013.

That’s right, said Fido.  We won’t be biting any bondholders.  I got a special muzzle for Noonan.

Good boy, replied José, patting Fido on the toupée.

What about Anglo? asked one journalist.  And Nationwide?  They’re out of business but you’re still paying their bills.

Grrrr, said Fido.

My friend, smiled José, jerking on Fido’s chain.  You see this dog?  He is a blacksmith.

How’s that?

Some time he make a spring for you throat. Some time he make a spring for you balls.  And then he make a bolt for the door.

Har har har, said Fido.

Here.  Have this bone, muttered José.  Good dog.




14 replies on “Enda Kenny, Barroso’s Lapdog”

This is exactly what I was thinking. ‘Ireland setting the example’ – At being the biggest shower of useless, spineless, crowd of fucking subservient lackeys. What a great example all right.

I presume the long term gains outweigh the immediate high of telling the troika to go fuck themselves. Which is the kind of decision one would expect from a country’s leader.

I’m no economist, what would ye suggest we do?

Long-term gain? What long-term gain is there in driving a generation of Irish young people overseas and reducing your country to a vassal of European financiers?

The next move will be towards fiscal union – Ireland’s tax rates will be harmonised with those of Europe and there will be no incentive left for any foreign investor to come to Ireland.

The bondholders should have been burned day one, Anglo should have been allowed to collapse and Ireland should have taken the Euro to the brink and refused to pay the gambling debts of traders. Lenihan and FF caved in and the opportunity is past.

The currnet Gov are playing with one hand tied behind their backs and inherited a heap on shit from FF. If anyone drove a generation of young Irish people overseas and made this country a vassal of European financiers it was FF.

As a nation we have to be able to raise funds on the open market, like all other nations. Because of the situation we are in we have to “behave”, if we tell the troika to get stuffed our credibility goes with it. However I don’t agree with yet another hair shirt budget. The enconomy has to grow, how can it grow when the income of it’s citizens is been reduced on an annual basis. The economy need cash injections, not cuts. Buy your way out of a recession.

No. 8: “Not one red cent to the banks” remember that, it’s only a few months ago, it was part of their election promises fiction. Mind you, anyone over the age of 25 or so who believed them was a bit of a dope. So maybe we (collectively) are getting what we deserve.

I read a great interview with PJ Mara the other day. He was furious that Cowen didn’t take his advice. Kenny is on 51% satisfaction rating, while doing all the things that Cowen was doing. The difference being that Kenny isn’t fat, smiles a lot, and gives off a “it’ll all be alright in the end” vibe. Mara believes that was all Cowen had to do.

No 8 — I’m blue in the face from pointing out that fifty billion of our money went to Anglo and INBS, and yet those two businesses are now gone. Therefore it was not a bank rescue, but a bailout for extremely wealthy investors, at the expense of our children’s future. While there might be some case for saving BoI and AIB, there was none for Anglo or INBS. The IMF/EU money we borrowed is being spent to bail out these wealthy investors. I can see no long term gain for Ireland in that, although there is a very swift short-term gain for the bondholders who expected to lose their money. We should have rescinded our guarantee of ANglo and INBS as soon as the true nature of those operations became evident, and this should have been a condition of the IMF/EU negotiations.

I read the following perspective from an American economic commentator on the Irish government repaying the bonds:
It doesn’t change my mind that the bondholder bailouts were and are a national disgrace, but the interesting bit is near the end:

“When you press politicians and establishment types (and I did) who are against unilaterally disavowing the debt, a strange thing happens. I kept asking, “But the voters seem to want to forego the debt. And the math suggests that Ireland can’t pay back these foreign bankers without great sacrifices.” At first, they would point out that Ireland is doing what needs to be done: cutting spending and payrolls. We are not Greece, they say; there is a need for “respectability.” But when pressed, they would come around to admitting that, “Yes, Ireland will get a haircut.” Everyone I met expected it to happen. The difference was the path to the haircut. But while the politics matter, the destination is the same.

Some favor doing it outright. Others truly believe they will be offered a haircut when Greece and Portugal get theirs. They fully expect it. In a meeting with an establishment-insider economist (off the record), who was at the table when the first deal was done, he said there was an implicit understanding with the IMF (and ECB) that whatever was offered to Greece, et al. would be available to Ireland. So Ireland went along with the bailout to keep from imploding the euro and averting a crisis that would have been biblical in proportions. The future of the euro is now not in their hands, because by taking on the debt they did not blow the euro up. Which could have happened, because European politicians were not ready for such a crisis.

So rather than having to kick the door open for a haircut, they expect the door to be opened for them by the IMF and the ECB. A far more respectable path for those who are very pro-Eurozone. But Irish leaders clearly get that voters expect that something will be done. They have time, as it will be another three-plus years before elections. By then, the crisis will have fully evolved and resolved itself, as far as the political public is concerned. And politicians will take the credit, as they always and everywhere do.”

What amazes me is that a country is almost bankrupted by a small group of bankers involved in fraudulent practises, aided & abetted by regulators & government & nobody has been brought to account. Meanwhile the authorities have spent the last 3-4yrs suppressing this whistleblowers evidence of illegality in the banking sector & have threatened him with prosecution.

” Steal a little & they throw you in jail, steal a lot & they make you king “.(Bob Dylan) Fido is living in a dream world anyway, the best economics minds all agree we are all heading for another ” Great Depression”, Ireland will probably suffer more because of it’s lack of a financial reserve, as this has all been given away to mainly German bondholders. I wonder how bad it would have to get before enough people stand up to demand some justice.

Thank fuck!
I was assuming I was the only idiot who’d noticed the great teeshack groveling and pandering like he was having a really bad fuck-muppet day.
Christ on a fucking cross, what the fuck is wrong with our shits in dáil Eireann?
What are we not seeing here?

What a crowd of whinge bags. The general concensus here is that Kenny and the gov are spineless. What would ye do in Kennys shoes? What do ye suggest that we as a nation do?

I suggest that we stop the austerity cuts and buy our way out of this recession.

It might be worth remembering Iceland ….remember that place. It burnt its bond holders, arrested its former president and its bankers fled the country. It basically told the IMF to fuck off.

Check out
for lessons in participatory democracy

They still have a country, they have their sovereignty and they’re getting on with it.

Our crowd of fuck-ahs are licking the arses of the IMF(money lenders) and their EU lackeys (Troika me arse). We’re paying every penny back for ……respectability….???. We have been let down by the previous crowd of cunts (Fianna Fail), the present crowd of fascist ass-holes and the civil servants (jumping ship with large pensions or hanging on for dear life). The governance of the banks is pretty much the same boyos.

Yer man Elderfield seems to be somewhat oin the ball but maybe a lone voice in the ………..wildness which is Oirland. All we need now is the brushwood blowing through the deserted town.

Oh and Barrosa……the man has history ( he’s doing such a ‘good’ job, I imagine he was installed by Goldmann Sachs……….)

Plus ca change….

Agreed Basil. However as you say the old guard more or less are still in place – the cleanouts called for by McWiliams and Gurdgiev never happened – Elderfield is a breath of fresh air, He pisses off the banks, an essential element of any real reform, and something his predecessors would never do – however, he is rumoured to be in line for the big job in the U.K. If he goes it’s bad news for us in my view.

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