Mr. Speaker, as we watch Liberal backbenchers led by the hon. member for Fundy-Royal foam about credit card interest rates as if only the banks need to be challenged on this issue instead of the Liberal government, those of us who have served in previous Parliaments feel like we have seen this movie before.
In almost every Parliament, government backbenchers grandstand about credit card interest rates but are unwilling to criticize their own government on the issue, even when as is the case presently, the government is actively defending and repeating the banks' position.
New Democrat MPs were glad to sign the letter challenging the banks but we warn Canadians not to be distracted by such all-party strategies from the fact that it is the Liberal Party that runs the country. It is the Liberal Party that is refusing to act. It is the Liberal Party that could act if it wanted to. Liberal backbenchers who evade this painful truth give no credit to the political process.