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Government must invest in people not banks – Cullinane

14 September, 2011

Speaking in the Seanad today (Wednesday 14 September 2011) Sinn Féin’s Senator David Cullinane, demanded that the government adopt a new approach to the economy.

Speaking on the Order of Business, Senator Cullinane said:

“The news in recent days has highlighted the lunacy of the government’s approach.

“I'm sure senators are aware of the loss of 575 jobs in Talk Talk in Waterford, as well as the potential loss of 125 jobs in Meitheal Forbartha na Gaeltachta and many more around the country.

“These jobs losses come at a time when some €17 billion has gone in to the banks over the summer.

“It's ironic that at a time when the government is nationalising debt and privatising state assets, it seems to be more interested in bailing out the banks than the people.

“I have received phone calls in recent weeks from many people who are finding it impossible to manage because they haven't received the back to school allowance, or who have had their household benefits cut and are finding it hard to heat their homes.

“Cutting social welfare and punishing the poor will not work. Austerity is not working and the jobs initiative has proven inefective. The government would be better advised to use the money it is putting in to the banks to initiate a stimulus and to create jobs.”

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