Madam Speaker, I thought the hon. member was paying careful attention to my speech, but perhaps he was not, because I did not address the issue of the national regulator. What I said was that I believe we need to have the most efficient labour market system that we can, including a financial system that speaks to allowing greater investments within Canada.
The focus of my comments was to outline clearly that certain principles are needed when one is creating a new environment to bring about and spur on economic growth. They include having a plan to eliminate the deficit, which is absent in the present budget; having a plan to invest in human resources; a clear statement in respect of taxpayers' dollars; a competitive tax system that rewards work, innovation and productivity enhancement in an economy; and investments in infrastructure.
I was commenting on this particular issue as it relates to the fact that the present government has lapsed money while communities are looking for funding to improve their quality of life and the economic efficiencies of their own local economies. I do not understand why there is such a government lag on this particular issue.