Mr. Speaker, since the previous questioner talked about the economy and the GDP of this country I just want to get a comment from the member.
It just seems that we are in a time warp here. I know when the Conservatives were in power before, when they left power, the annual deficit was $43 billion, interest rates were 12%, and unemployment was 11%.
The member for Markham—Unionville, as the previous speaker indicated, helped straighten those things out and we had 10 years of surpluses. Interest rates were lowered. The member came in 2000 and did a lot since then. We had 10 years of surpluses, low interest rates, and high employment. Now it just seems we are right back to where we were: deficit at $56 billion, interest rates are increasing, and unemployment is double digit.
I will put the question to the member. Just what went wrong? Why are we right back to where we were in 1993?