Episode 3 Dangerous Circus
This episode covers what is commonly called The Loans Affair. So much was omitted in this episode. It doesn’t mention the almost daily speculative headlines Murdoch trumped up about any innocuous item. It was a constant assault, week in, week out, for months. My father who had worked in the printing industry all his life remarked that the headline size Murdoch used was usually reserved for war time headlines. It definitely created negative perceptions of the Whitlam Govt for successive months before the Dismissal. The purpose of the loan was made public, buying back our own resources and controlling the future commercial use and distribution of them now seems highly creditable. The authority to raise the money was properly done with the assent of the Governor General. It is fleetingly mentioned here that conservatives in Treasury or the finance sector were disconcerted ( I’d say furious) the Whitlam Govt bypassed the usual channels of conservative finance, and sought oil rich Arabian money instead. The use of an unknown, second rate go -between, Khemlani, was an amateurish decision, and News Ltd photos always depicted him as shifty. Whitlam successfully defended a court action post 1975 which proved all government actions were legal and no corruption was involved. The episode failed to mention that. “The Loans AFFAIR” legally done, publicly explained, no money changed hands, no corruption, but amateurish and unorthodox. These days, would that really rate as an “AFFAIR”? It was a politically motivated beat up, led by Rupert Murdoch, to damage the Whitlam Government. This episode missed the opportunity to raise the question. Perhaps it was worth a whole episode in its own right to do it justice.
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