Mr. Speaker, of course we have nothing but praise for the fact that interest rates have increased during the past two months and the fact that the financial community has lost confidence in a Minister of Finance who, for the past year and a half, has done nothing to bring the deficit under control. That is certainly praiseworthy.
How can the minister reject the official opposition's recommendations to cut spending and review the tax system? How can he justify imposing new taxes and asking the middle class to add to its tax burden, while at the same time giving Canada's wealthiest taxpayers tax credits of over $2 billion so they can buy deluxe condominiums in the United States? Now, that is good management. That is something to be proud of.