Mr. Speaker, again I refer the hon. member to the auditor general's report saying that we do not have enough information.
We find that there has not been appropriate analysis of this program. We do know that the intent is a full cost recovery for the government. Therefore they are in it and it will not cost them anything. I explained how the successful small business person will end up having to carry the can.
At this time, I am not in any position to say I can support the program until I have that information. We need to do a complete and full analysis of the program as it is currently devised, full cost recovery by the government and so on. They have set the lending limits far too high, in some cases 100%, and I have explained how ridiculous that was. That caused the losses to rise astronomically which are now going to have to be paid by successful small businesses.
Until we have the proper analysis of the program as it is currently run, we cannot support this bill. There is a real chance we may find that this program is actually a deterrent and puts a greater onus on the successful small businesses than if they had borrowed the money without the government guarantee.
That is the information I thought this government would have brought to this House along with the request. The government did not and therefore I oppose it.