This control that Power Corporation exerts over the Liberal Party of Canada obviously explains the Liberal Party’s complete dereliction of duty in terms of advocating for all Canadian taxpayers on Harper’s income trust fraud that was perpetrated at the behest of Power Corporation and other equally self interested corporate entities and ne’er do wells.
Evidently The Liberals have little regard for the interests of average Canadians on matters that are of concern to Power Corporation, allowing themselves to b totally co-opted by Bay Street and more so by groups like Power Corporation. Today, Don Newman provides the latest evidence of that insidious relationship between Power Corp and the Liberals.
Why is this? What is the “currency” that underlies this relationship and hold that Power Corporation has over the Liberal Party? I surmise it’s because campaign financing reform may have eliminated corporate donations to candidates in an election, but did nothing to prevent corporations like Power Corporation to completely underwrite some ambitious politicians run for the Leadership of his or her party. This is where Canada’s political leaders get compromised......at the very outset of their leadership bid.....and remain forever compromised thereafter.
The Globe and Mail wrote on November 2, 2006:
High-profile directors and CEOs, meanwhile, had approached Mr. Flaherty personally to express their concerns: Many felt they were being pressed into trusts because of their duty to maximize shareholder value, despite their misgivings about the structure. Paul Desmarais Jr., the well-connected chairman of Power Corp. of Canada, even railed against trusts in a conversation with Prime Minister Stephen Harper during a trip to Mexico, and told him he should act quickly to stop the raft of conversions
Don Newman writes in today’s CBC news:
Interestingly, Cauchon wanted to be a candidate for the party leadership in 2006 when Martin stepped down.
He had left politics in 2003 when Martin's team deposed Chrétien as leader. He joined a law firm and maintained close ties with Power Corp, the giant Montreal conglomerate that is controlled by the Desmarais family and where John Rae, Bob's brother, is executive vice-president.
When Cauchon told his Power Corp. friends that he was planning a run he was told: "Forget it. Bob is running."
Cauchon was surprised at this, along with other people. After all, Rae had been the NDP premier of Ontario, and before that an NDP member of parliament.
But he did as he was told and supported Bob Rae at the convention. That is, until the last ballot when Rae was knocked off and the choice came down to either Ignatieff or Dion.
Most of the Rae people went to Dion. But realizing that, if a fellow Quebecer won, his own leadership hopes would be put off, Cauchon cut a lonely figure as he moved to the appreciative arms of the Ignatieff team.
Friday, October 30, 2009
Posted by Fillibluster at 8:52 AM