Re: Bankers/regulators/government
And what are you going to do about it? Do you fight it? Fight the system or give in? Will you vote in the next election? Have you lost your job?
From my perspective the shock has been so big that there is no way we'll get anything but change.
Opinion polls show FF + Greens will not get re-elected.
The regulator has a new head and is beefing up operations.
People are not paying silly prices for houses or land and builders have stopped unnecessary building.
FAS, TDs, etc are under scrutiny on their expenses.
Public wage restraint has been shown.
The banks have replaced many of those most culpable.
Seanie Fitz is being questioned by the guards.
Taxes have been restored to long term sustainable levels.
What are we going to do about unemployment? We pretty much have to cut government spending short term or fall into an abyss. Decreased domestic demand and job losses will follow. The best we can hope to do is limit this damage whilst addressing the sheer magnitude of the deficit and then try rebuild the domestic economy when the deficit is addressed and competitiveness restored. Anyone who talks in non-specific terms about creating jobs through innovation are just playing for soundbites.
What do you mean by fight?
Why didn't you fight when the mistakes were being made rather than when they are being dealt with?