Labour TD Tommy Broughan has lost the party whip for opposing the renewal of the bank guarantee.
Why? Should this not be a central tenet of Labour representatives?
Why does the guarantee extend to banks that no longer exist? Whty do we guarantee Anglo and INBS? After all, they no longer operate as banks but as vampires.
This makes no sense whatever. Whether you agree or disagree with guaranteeing AIB and Bank of Ireland, at least they happen to be working operations which might eventually come back to health and return our money. Anglo and INBS, on the other hand, are dead. They don’t trade and they never will again, so why on earth are we putting a single penny into them?
I called it treason in the past and I can see no cause to change that description. While the government closes nursing homes to save a million here or there, we pump billions into defunct criminal enterprises.
Yesterday, the HSE told community nurses it wouldn’t pay for the petrol they used visiting patients. Today, Tommy Broughan is expelled from the parliamentary Labour Party for refusing to pump further public money into vampire banks.
What is going on with this country when a party that claims to defend the average Joe is providing social welfare to billionaires while cutting benefits to the poor?