Mr. Speaker, the member is quite right.
Let me finish off with the Globe and Mail article today. The opinion of the experts is that the only way to break the credit logjam is for the fiscal policy to leap into action and boost the economy. That view was shared by the International Monetary Fund and was signed on to by the leaders of the group of 20 summit in Washington last month, which included the Prime Minister of Canada.
The expert went on to say that he assessed the impact measures of the proposed coalition of the NDP and the Liberals and the policy framework that they laid out. He estimated that the $15 billion stimulus in 2009 would add 1.4 percentage points to the growth for next year, for a total of 1.6% growth as long term measures hit the economy early.
He concludes that the economic coalition of the NDP and the Liberals is a responsible one that will in fact address the needs of Canadians and protect their jobs, their mortgages, their savings and their pensions.