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Ecuador's Correa haunted by Honduras

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Downwinder Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Oct-02-10 01:15 AM
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Ecuador's Correa haunted by Honduras
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Judi Lynn Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Oct-02-10 02:01 AM
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1. Too important to overlook, this art of Weisbrot's article should be excerpted:
The coup might have had a chance if Correa were not so popular. Despite his enemies in high places, the president's approval rating was 67% in Quito a couple of weeks ago. His government has doubled spending on healthcare (pdf), significantly increased other social spending, and successfully defaulted on $3.2bn of foreign debt that was found to be illegitimately contracted. Ecuador's economy managed to squeak through 2009 without a recession, and is projected to grow about 2.5% this year. Correa, an economist, has had to use heterodox and creative methods to keep the economy growing in the face of external shocks because the country does not have its own currency. (Ecuador adopted the dollar in 2000, which means that it can do little in the way of monetary policy and has no control over its exchange rate.)

Correa had warned that he might try to temporarily dissolve the congress in order to break an impasse in the legislature, something that he has the right to request under the new constitution though it would have to be approved by the constitutional court. This probably gave the pro-coup forces something they saw as a pretext. It is reminiscent of the coup in Honduras, when Zelaya's support for a non-binding referendum on a constituent assembly was falsely reported by the media both Honduran and international as a bid to extend his presidency.

Media manipulation has a big role in Ecuador, too, with most of the media controlled by rightwing interests opposed to the government. This has helped build a base of people analogous to those who get all of their information from Fox News in the United States, but proportionately larger who believe that Correa is a dictator trying to turn his country into a clone of communist Cuba.
Excellent information.

You can be sure corporate media won't spend ANY time publishing any part of it. Natch!

Thanks.
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Judi Lynn Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Oct-02-10 02:02 AM
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2. Recommending.
:kick: :kick: :kick: :kick:
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