May 14, 1993 (34th Parliament, 3rd Session)

LIB

Eugène Bellemare

Liberal

Mr. Eugene Bellemare (Carleton -Gloucester):

Mr. Speaker, I think the hon. member for the government side completely missed the point. For his benefit, I will

May 14, 1993
Supply
repeat the motion presented by the hon. member for York West, and I quote:
That this House condemn the government for its miserable failure to offer leadership and direction to Canadian banks and other lending institutions in order to provide adequate financial resources for the growth and development of small and medium sized businesses and the consequent creation of thousands of new jobs.
As the hon. member for York West said earlier, there are more than 900,000 small businesses in Canada, and if these businesses could each create one job it would solve many problems. He said that this morning in his excellent speech on small business, which is looking for support from the federal government. Small businesses are having problems with our banking system. As you know, the banks are controlled by the government. So we can say that Tory policy has been very damaging for small businesses, and that is why we have seen so many bankruptcies. We have seen banks and institutions force small businesses and owners of small businesses into a comer so they have no more room to manoeuvre and can no longer make decisions. They are haunted by the fear of losing everything, even their own homes.
I appreciate the hon. member's comments.

Topic:   GOVERNMENT ORDERS
Subtopic:   ALLOTTED DAY, S. O. 81-THE ECONOMY
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