Mr. Speaker, the Conservative government's fiscal and economic policies have failed. They have resulted in the worst recession since 1929, the biggest drop in GDP in 18 years, the first trade deficit in 33 years, and falling exports for the sixth consecutive quarter, something we have not seen for 60 years. The Minister of Finance said that his deficit would beat Brian Mulroney's record. Some 400,000 people are out of work. It is a complete failure.
In the House of Commons on May 26th, 2009. See this statement in context.