Thank you, Mr. Chairman.
Good afternoon, Mr. Orr.
With respect with the appreciating value of the dollar, the rise in gasoline prices and Chinese imports, I think we're witnessing a systemic purge of the industry.
The government wants to assist industry, but is still doing it in two ways: it's doing nothing on the one hand and cutting taxes on the other. As Ms. Nash said earlier, tax cuts benefit big businesses.
As regards those businesses that are having trouble with these three issues that I've just named, do you think that a loan guarantee would help businesses in trouble more than tax cuts, if they don't pay any tax? A loan guarantee to buy new equipment, for example, might enable them to re-enter the market and continue their operations.
Could you give me your opinion on that point?