Dublin March A Warning Shot To Leaders Who Plan Wage Reductions For Workers While Pumping Billions Into Banks

21 Feb 2009

View this link:

http://www.cbsnews.com/stories/2009/02/21/world/main4817871.shtml

The title of this article “100,000 Protest Irish Gov’t Over Recession” doesn’t get it right. There’s no sense protesting a recession, it’s an inevitable part of our economic system. People are protesting the unsympathetic and corrupt response to this crisis by democratic governments the world round.

“Our generations yet unborn have been mortgaged in order to keep this banking system together,” Congress of Trade Unions General Secretary David Begg told cheering crowds at Dublin’s Merrion Square.

“Your children and my children and our grandchildren will all have to try to deal with what has been laid upon their shoulders.”

Here in the US, the government is debating stricter restrictions on reliving consumer debt because it wants to make sure not to “award bad behavior”. Meanwhile, banking bailouts continue under the threat of economic collapse by the same financial institutions that caused the crisis.

Government’s responsibility is to the people, not to banking institutions. What good is done by protecting financial frameworks when the nation is left strangling in personal debt?

We are financing unscrupulous lenders with almost no concessions. Instead of changing the nature of our economy, the government is asking people pay to extend the life of these predatory financial institutions. These are essentially stalling tactics to avoid the big question: How will we restructure our society?