Madam Speaker, members know there was a worldwide recession last year at this time. In fact, Iceland actually declared bankruptcy.
However, while all this was happening, the Conservative government was totally oblivious to the state of the economy. During the election, the Prime Minister was saying that the land was strong and that the stock market crash was creating buying opportunities.
It was not until January, under the combined pressure of the opposition parties, that the Conservatives in fact introduced a stimulus package.
However, he is right that the Americans have a better reporting system—