Mr. Speaker, as someone who has endorsed policies of the Laurier Liberals, I can hardly be considered purely partisan in my interpretation of history.
I will note, for the hon. member's benefit, that calculations of what the Pierre Trudeau government did in that era include the national energy program, which from some calculations I have seen, cost Alberta $100 billion and my province of Saskatchewan approximately $10 billion.
While it is true the interest rates spike in the United States had impacts, there were other things that were done, which devastated the economy in other parts of the country; in particular, western Canada.