Hon. John Manley (Deputy Prime Minister and Minister of Finance, Lib.)
Mr. Speaker, I think the hon. member has trouble recognizing a good thing when he sees it.
Since the beginning of last year the Canadian economy has created over 600,000 jobs while at the same time the U.S. economy has lost over 900,000 jobs.
I might mention to the hon. member that the U.S. economy is 10 times larger than the Canadian economy and yet its job performance record is many times worse.
I think the fact is that we are in very good shape because of the prudent planning that was embodied in the February budget. We were in good shape to face even the emergencies that presented themselves unexpectedly to us this year.
Subtopic: The Economy