"Morpheus: You take the blue pill and the story ends. You wake in your bed and believe whatever you want to believe. [A red pill is shown in his other hand.] You take the red pill and you stay in Wonderland and I show you how deep the rabbit-hole goes."
If you want to take the red pill and see where the equalization/Atlantic Accord/O'Brien formula rabbit-hole goes, then read this: http://bondpapers.blogspot.com/2009/04/manley-ponders-rot.html
Once you've finished, take a minute to watch Kennedy's news conference again: http://www.theglobeandmail.com/servlet/story/RTGAM.20090326.wvnfldbudget0326/VideoStory/politics/home?pid=RTGAM.20090326.wPOLnewf0326
Back in March, I noted Kennedy's strikingly bald assertion about the political power of CRAPolls: http://orwellianspin.blogspot.com/2009/03/what-cra-buys.html
While this assertion certainly stands out, the whole news conference was singularly strange. It has the type of weirdness that reminds me of a glitch in the Matrix: http://www.youtube.com/watch?v=z_KmNZNT5xw
Watch Kennedy's body language as he tries to explain The Shaft. About a minute into the news conference, he shifts into a lawyerly style to explain how the federal government "unilaterally made a determination...." He touches his face and his body language is odd.
Interestingly, he doesn't touch his face at all when he makes the CRAPoll comment.
Maybe it's nothing. Maybe you believe that Kennedy was telling the whole truth and nothing but the truth. Maybe it's better not to take the red pill.
But keep in mind Kennedy's actual words, as opposed to all the media spin: "I don't think we have to convince the public that what we're doing is right."