Mr. Speaker, the Economic Development Agency of Canada has a budget of approximately $200 million per year. The Liberal policy of saying yes to every organization and funding their operating expenses forever has put the department's back to the wall. That is why we are going in another direction. We will support the economic organizations but on the basis of specific projects, namely those with a beginning, middle and end.
In the House of Commons on May 14th, 2008. See this statement in context.