Thursday, April 3, 2008

Mulroney's Causes have done well under Harper government

How interesting that Harper makes sure to keep his distance from his former buddy Mulroney. The cream of the corporate crop on the other hand invite him to be on their boards and he also gets to sit on the Council on Foreign Relations. The Harper govt. seems not to be wary of advancing the interest of these firms in spite of their contamination by Mulroney! The Quebecor printing segment though is in need of more than an injection of Mulroney blarney. I believe it is in bad shape.

Mulroney's causes have done well under Harper government

Former prime minister's directorships tie in closely with with major policies of Harper government.

by the Canadian Association of Income Trust Investors, which has granted permission to republish this article.

What are the odds on this? Brian Mulroney sits on the board of directors of the following 5 corporations. Stephen Harper's policies are designed to benefit these same corporations, many at the expense of Canadians.

Let's take a closer look at Brian Mulroney's main Directorships and see how they tie-in with the Harper government's policies:

1) Archer Daniels Midland Company and the Canada Wheat Board

One of the world's largest processors of agricultural products, ADM purchases soybeans, wheat and cocoa to convert to ethanol and biodiesel, soymeal and oil, corn sweeteners, flour, cocoa and chocolate, as well as a wide portfolio of other value-added food ingredients, animal nutrition and industrial products.

ADM has a history of price fixing and was levied with one of the largest fines in the industry of $100 million.

Stephen Harper has been trying to eliminate the Canada Wheat Board with various underhanded tricks and schemes, despite the protests of farmers. The Canada Wheat Board is an international success story -- for Canadian farmers.

Destroying it would be of great benefit to ADM, as it would weaken the collective bargaining power of Canadian farmers, (the main purpose of the Wheat Board) and create a fractured market of wheat and barley sellers, which will only benefit major buyers like ADM. See: Harper comes out swinging at Wheat Board

2) Barrick Gold Corporation

Stephen Harper's jaunt to Tanzania this month was supposed to be a feel-good news item about Canadian aid to one of the poorest nations on earth, but the real agenda, that of Barrick Gold, dominated: Yet it was a 45-minute meeting with officials from a dozen Canadian investors, led by mining giant Barrick Gold Corp., that dominated Mr. Harper's news conference with President Jakaya Kikwete. Barrick has been accused of irresponsible mining practices in the country, and failure to pay adequate royalties. See: Human rights rhetoric contradicted by rush for Colombia trade pact

3) The Blackstone Group L.P.

As one of the world's largest private equity players, the Blackstone Group will reap massive benefits from Stephen Harper's elimination of the 15% withholding tax on interest paid by private equity firms on leveraged buyout debt.

Plus, his punitive tax and growth restrictions on income trusts in the hands of Canadian Investors but NOT in the hands foreign private equity like Blackstone has resulted in the perfect situation for them to pick off these sitting ducks. To date there has been $65 billion worth of takleover activity caused by this policy -- over half of it by private equity via leveraged buyout loans.

4) Quebecor Inc.

The second largest printing company in the world has been moving into communications, including Sun Media, cable and internet, and telecommunications.

A federal agency plans to review lobbying by Brian Mulroney on behalf of Quebecor Inc that could benefit from Harper's decision to open up the wireless industry to more competition according to CBC News and this report from the Globe and Mail.

5) Council on Foreign Relations

David Rockefeller's CFR is the main proponent of the Security and Prosperity Partnership, whose main goal is to bring about the North American Union under the self described process of "evolution by stealth". This is Stephen Harper's overall plan for Canada. He has gone to great lengths to hide these activities from Parliament and from Canadians as he knows full well that this abrogation of our sovereignty will never be supported by the people of this country.

Harper has been tasked with securing Canada's energy resources (oil, gas, wheat, water, electricity) for the US and what better guide than Mr Mulroney, who knows all about selling out Canada's interests.

The following are Brian Mulroney's Directorships as per Ogilvy Renault:
Barrick Gold Corporation
Archer Daniels Midland Company
Wyndham Worldwide Corporation
The Blackstone Group L.P.
Independent News and Media PLC
Quebecor Inc.

He is also a member of the International Advisory Councils of the China International Trust and Investment Corporation, JPMorgan Chase & Co. and Lion Capital LLP.

Mr. Mulroney is also a director of the Montreal Heart Institute Foundation, the International Advisory Council of HEC Montréal, the World Trade Center Memorial Foundation and the Council on Foreign Relations.

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