Mr. Speaker, my hon. colleague said that we should not gloat, and I agree with him. We should not gloat about the economy right now. I guess the New Democratic Party should not gloat about the fact that for many years in the nineties we fought against deregulation of the banks so we could be in the position we are in today, with an economy that appears to be doing okay in relation to many others around the world.
I would like my colleague to remember that in the fall of last year his leader and his party had predictions for the economy that were completely out of touch with reality.
We are heading into winter now with high rates of unemployment. The recovery that we talked about over the summer did not occur. The projections have not gone the way that economists felt.
How can the member stand there and tell Canadians that we are out of the mess that has been caused by the global recession?