Mr. Speaker, one would think the government would have learned by now, particularly with the food inspection process and the cases of listeria in the last couple of years and with the privatization of air inspections. The whole idea that somehow we could follow the Reagan blueprint and simply deregulate companies to the point where they could simply regulate and police themselves does not hold water and does not stand up under scrutiny.
We only have to look at the United States and the financial deregulation that has occurred over the last 10 years and the mess we have had. The world economy almost fell flat because of the deregulation that went on during Ronald Reagan's days. This is now being followed now by the neo-Conservatives, neo-Reaganites.
In terms of the environmental assessments, the member is absolutely right. How could the government simply take away the vetting process for projects when we see what has happened recently in the Gulf of Mexico. Because there is no proper supervision over oil wells, the U.S. now has an environmental disaster on its hands. This is what we will see in Canada, in spades, if the government follows this deregulation process.