Liberal Leader Lester Pearson, who promised spectacular accomplishments during his first 60 days in office, has since regretted his electioneering enthusiasm. As the 60th day rolled around, the only tangible legislative accomplishment he could point to was his first budget. And that last week proved so ill-considered that it trapped Pearson and his longtime friend and economic adviser, Finance Minister Walter Gordon, 57, in a violent and humiliating political uproar.
The Liberals had spread the impression that they would be less nationalistic than the Tories. Yet Gordon's budget called for a special 30% "takeover" tax designed to discourage U.S. investors...
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