Timo Soini: Why I Won't Support More Bailouts

[kraznyi_oktjabr]

Wall Street Journal opinion article written by Timo Soini - Chairman of True Finns party.

http://online.wsj.com/article/SB1000...503980120.html

[Betonov]

The official wisdom is that Greece, Ireland and Portugal have been hit by a liquidity crisis...

Yep, their leaders brains turned liquid

I agree with this guy, especialy the last part. He's actually pro-EU, but doesn't like what the politicians are doing to her.

[KptnLt Eric Karle]

The leader we just got rid of here in Ireland was well known for ahem liquifying himself until the wee hours of the morning and then going on national radio to tell us how he was on top of the problems the country was facing. The man and the party he led was a disgrace.

I can understand how people in the rest of Europe are fed up and increasingly concerned about the bailouts and there is no doubt that in Ireland we got caught up in the whole "Celtic Tiger" myth and assumed it would go on for ever but what gets me is that, I now work longer hours for a third less money, struggle every week to pay the bills, keep food on the table and have to face the disappointment of my kids when I have to tell them that they can't do swimming lessons or drama because we can't afford it anymore, while the fat financial gambling bastards whose shady deals brought on this mess can walk away with huge golden handshakes and none of them seem to be held to account for the disaster they have brought upon us.

I'm getting threatening phonecalls and letters from my creditors and they who owe billions walk away leaving you, me and our kids with the bill. It makes me sick to my stomach

[Betonov]

KptnLt Eric Karle, don't worry, we're not far behind.

[Tchocky]

Originally Posted by KptnLt Eric Karle

The leader we just got rid of here in Ireland was well known for ahem liquifying himself until the wee hours of the morning and then going on national radio to tell us how he was on top of the problems the country was facing. The man and the party he led was a disgrace.

I can understand how people in the rest of Europe are fed up and increasingly concerned about the bailouts and there is no doubt that in Ireland we got caught up in the whole "Celtic Tiger" myth and assumed it would go on for ever but what gets me is that, I now work longer hours for a third less money, struggle every week to pay the bills, keep food on the table and have to face the disappointment of my kids when I have to tell them that they can't do swimming lessons or drama because we can't afford it anymore, while the fat financial gambling bastards whose shady deals brought on this mess can walk away with huge golden handshakes and none of them seem to be held to account for the disaster they have brought upon us.

I'm getting threatening phonecalls and letters from my creditors and they who owe billions walk away leaving you, me and our kids with the bill. It makes me sick to my stomach

Did you read Morgan Kelly in Saturday's Times? That was a depressing read...

[Happy Times]

The Wall Street Journal has edited/cencored the original letter, i also noticed this and so have others, this is becoming an issue and people are demanding answers.

The original letter and what WSJ edited away.

http://www.scribd.com/doc/55122829/WSJ-Revisionism

[Respenus]

This could also be an interesting read. It's a blog from what seems one of the rare Keynesian economists still out there willing to present themselves as such. In an case, his criticism of the big cats getting everything and the ordinary people having to pay "double" seems to be spot on. I myself have become weary of the constant bailouts, and it seems what Greece might possibly need an additional $60bn, if not even more. While I know that the money gets repaid with interest and that states more or less only issue guarantees, the whole thing has gone beyond silly and into bats**t insane.

The problem is, if the euro is allowed to be taken down by the markets, the economic crisis which would come after it, would probably make the Great depression of 1929 look like a walk in the park. We've sold ourselves to the markets and now we don't have the spine to say no. I'm more than certain that the European citizen would be willing to take a little hardship in response to our bloody leaders actually doing their jobs and protecting us. The big problem is that the mechanisms that were proposed by the European Commission to take "care" of the problem are even more draconian at times than what the market defends/demands. It is a sad day that the EU looses a staunch supporter like myself. It's not that I mind the 4 liberties, I quite enjoy having them. On the other hand, having the rights my great-grandparents fought for being eroded away, well, that's another thing. Paraphrasing the words of Sarrazin, Europäische Union schafft sich ab.

[Happy Times]

Originally Posted by Respenus

This could also be an interesting read. It's a blog from what seems one of the rare Keynesian economists still out there willing to present themselves as such. In an case, his criticism of the big cats getting everything and the ordinary people having to pay "double". I myself have become weary of the constant bailouts, and it seems what Greece might possibly an additional $60bn, if not even more. While I know that the money gets repaid with interest and that states more or less only issue guarantees, the whole thing has gone beyond silly and into bats**t insane.

The problem is, if the euro is allowed to be taken down by the markets, the economic crisis which would come after it, would probably make the Great depression of 1929 look like a walk in the park. We've sold ourselves to the markets and now we don't have the spine to say no. I'm more than certain that the European citizen would be willing to take a little hardship in response to our bloody leaders actually doing their jobs and protecting us. The big problem is that the mechanisms that were proposed by the European Commission to take "care" of the problem are even more draconian at times than what the market defends. It is a sad day that the EU looses a staunch supporter like myself. It's not that I mind the 4 liberties, I quite enjoy having them. Having the rights my great-grandparents fought for being eroded away, well, that's another thing. Paraphrasing the words of Sarrazin, Europäische Union schafft sich ab.

Nice read.
This bailout scheme is socialist banking and allmost all of the Keynesians are behind it, they cant admit they where wrong.
The Great Depression II is coming whatever we do but these bailouts make it even larger.

[Happy Times]

Some commenteries.

The Brussels-Frankfurt 'Extortion' Racket
http://www.cnbc.com/id/42956766


True Finns Party Chairman: Greece, Ireland and Portugal Ruined; Gangrene Spreads; Enron Looks Simple; Spain Next Zombie

http://globaleconomicanalysis.blogsp...an-greece.html