Mr. Speaker, I listened with fascination once again to the revisionist history that comes from the Conservative benches on what caused the global crisis. The Conservatives would purport that it was social programs in Europe that crushed the world economy when in fact it was the deregulation of the banking sector and irresponsible speculation in Ireland, Iceland and Goldman Sachs in the United States. That is the record. The fact that there was not clear regulation in place was what caused it. I find it disturbing that my colleague was attempting to claim that it was social programs in Europe that destroyed it. I see the continual attack on social programs in this country, which the current government is carrying out.
My hon. colleague talks about the fact that the Conservatives are good fiscal managers. We just had the Auditor General's report in which he said that the current government has no ability to account for $3.1 billion in spending. When Jean Chrétien said he lost $1 million and it was no big deal, the Reform backbenchers went crazy on it. They were jumping up and down in their seats. Now they cannot account for $3.1 billion. There is no trust in this government among the Canadian public.