Mr. Speaker, I would like to thank the hon. member for Markham—Unionville for his excellent analysis. I am glad we are not in the same position as the United States.
Within this economic environment, could the crisis have been avoided? For example, people access credit because they do not have jobs. Could the government that inherited the best economic record from the Liberals, an unprecedented surplus of $13 billion, that inherited the lowest unemployment rate and the envy of the G8, have done better in protecting the jobs of today and creating jobs of tomorrow by investing in innovation and by ensuring that we protected jobs in the auto, forestry and manufacturing sectors? The government has closed the barn door after the horse has left.
I would like to have the member's analysis of how this could have been avoided because people only access credit cards and get into trouble when they do not have jobs.
Before the member answers, there are students from Woodbine Junior High School who have come to watch the debate.