Mr. Speaker, the hon. member being an eminent economist in his own right knows full well the Canadian recovery was largely based on exports primarily to the United States.
The member knows as well the United States economy is going through a substantial slowdown and that as a result quite clearly our exports have been affected which is reflected in the Canadian economy.
He also knows we have made substantial deficit reduction cuts. We have taken substantial action in the last two budgets.
He also knows the problem is the deficit we inherited. I know deep down he is very proud of the actions of the Canadians government in cleaning up the nation's finances.