Mr. Speaker, if they understand it, why are Canadian business people, investors and young people leaving the country every day to pursue economic opportunities in the United States? They understand that there are greater economic opportunities where taxes are lower.
The finance minister is avoiding a very serious issue. We export more manufactured goods to the United States than we consume domestically. Consumer demand in the United States is going through the floor. The stock markets, as we speak, are actually reacting negatively to a 50 basis point cut in the fed rate.
What does the finance minister propose to do? Will he just ignore the growing storm clouds on the horizon, or will he bring in a budget that cuts taxes and does so quickly?