Mr. Speaker, I want to thank the voters of Mississauga--Streetsville for their support. I promised them that I would restore trust and I have already begun to do so.
The fundamentals of our economy are not strong. The global situation has only been exacerbated by the fiscal mismanagement and failed policies of the Conservative government. It burned through the $3 billion contingency fund. It squandered $13 billion. The Conservatives have proven that they are poor fiscal managers.
Two hundred thousand jobs have been lost in the manufacturing sector. There has been a loss of business and consumer confidence. Canada has the slowest growth rate in the G-8, the lowest productivity in 18 years and yet the government increased spending 13.8% in the past two years.
Today alone the TSX dropped 9%, 765 points. That is a five year low. It is the second largest drop in history. Oil is now below $50. Every commodity price is down.
Will the government pledge to protect seniors on fixed incomes, jobs in the manufacturing sector, working families and new Canadians? Will the Conservatives reverse their dangerous policies?