safariman

Gildan: Until Honduras Situation Improves, Share Price Will Remain Volatile - Desjardins

But the Honduran "Coup" was NOT a Coup. If the new government continues, Honduras will clearly be a BETTER place to invest!

I live in Honduras. My wife and I retired here, 14 years ago. We love living here. It is a beautiful Country populated by mostly hard working, honest people who wish to live with peace and opportunity.

Three and a half years ago, Mel Zelaya was elected President of Honduras. He ran in the Liberal Party, roughly the equivalent of the Democrat Party in the USA. He campaigned on a conservative note. Things changed pretty rapidly after he took office. He has been a disaster to private initiative of every kind; personal, entrepreneurial, and industrial. He ignored all but his own executive branch of Government. (Honduras, like the USA, has a "checks and balances" system comprised of a Congress and Supreme Court.) . Zelaya's support was very limited from rich and poor alike, the only exceptions being some indigenous (no doubt deserving) that he showered with benefits and promises of much more.

Zelaya's removal was a Democratic move (Impeachment Equivalent) to try to restore order in a country falling into the abyss because of a corrupt President that was becoming more dictatorial by the day, under the tutelege of Hugo Chavez. The Supreme Court and Congress worked together for several days to assure continuance of Democracy, in lieu of the Dictatorial Socialist path Zelaya was following. There has been NO rupture of Democracy here. Roberto Micheletti, President of the National Congress and a member of Zelaya's own Party was named interim President, to remain until elections scheduled in November (which Zelaya had wanted to abrogate to remain in power). Micheletti has already appointed a cabinet of good advisors, a couple of them I've met, and in whom I have confidence. I can pretty well assure you that if the new Government continues, it will be more democratic and transparent than the Zelaya Government.

It seems most inappropriate that world leaders roundly oppose the replacement of Former President Mel Zelaya, when they know little or nothing about the situation here.

I would appreciate it if world leaders would come to Honduras and review the situation on the ground before pontificating about Law and Constitution. It is Zelaya who did the first "golpe de estado" through a large number of actions. The National Congress simply did its part to preserve Democracy here.

Please pass this message to everyone who might be interested. We don't need brickbats, we need support. We do not need to be the next Socialist victim.