Well, despite some expected criticism, this is quite an exceptional endorsement. I never would have expected this from Connie Fogal.
CANADIAN ACTION PARTY CONGRATULATES NDP WITH A CAVEAT: Use of the Bank of
Canada is a stark necessity!
Connie Fogal, Leader of the Canadian Action Party,calls the economic policies of the Liberal and Conservative parties a fraud that will
Fogal applauds the NDP for its apparent willingness to acknowledge the essential use of the Bank of Canada in addressing Canada's economy.
Fogal notes that the very last statement of the very last section of the NDP's 65-page platform document which you can access through www.ndp.cacontains a statement on using the Bank of Canada to carry public debt. The statement is, CLEAR CHOICES ON DEBT REDUCTION. It reads as follows:
"Jack Layton and Canada's NDP will give Canada clear choices on debt reduction by....bringing some of Canada's national debt under the control of the Bank of Canada, as it used to be, and paying the interest to ourselves as opposed to chartered banks."
Connie Fogal urges Jack Layton to use his political advantage as a major alternative party to talk about this issue so that Canadians can understand that the proper use of the Bank of Canada is the only way we can survive economically, have all our cherished programs and still pay down the debt.