>From the Wall Street Journal article on Canada,
>Last-minute bad news helped Mr. Martin sell his
>controversial program. As the finance minister was about
>to stand to address a cabinet meeting where he expected
>opposition to the proposals, he was handed a note saying
>the Bank of Canada had boosted short-term interest rates
>a full percentage point in response to the peso crisis.
The WSJ is only too modest. A key part of the massive propaganda campaign to
help sell the austerity program was a Wall Street Journal article claiming
that Canada was about to "hit the debt wall". That, coupled with a "leaked"
IMF memo was trumpeted through the Canadian media as proof positive the sky
was falling. They went along and they went along and they went along until
they met a Wall Street fox . . . "We're going to tell the king the sky is
falling," said Chicken Little, Ducky Daddles, Turkey Lurkey and Canada
Goosey Loosey.
"Follow me", said the Wall Street fox, "I know a short-cut to the king's
palace."
Regards,
Tom Walker
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Know Ware Communications
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