Mr. Speaker, I remember clearly one of the Conservative administration's big efforts on job creation. In fact, the then minister of finance referred to the Canadian corporate sector as the job creators and made the leap of believing that if we were to cut corporate taxes to far lower than any other country in the OECD, in fact to half the corporate tax rate of the United States, the job creators, the large corporations, would plow that money back into job creation.
We then had the former governor of the Bank of Canada, Mark Carney, call it dead money; $600 billion piled up in the coffers of these corporations. It is not working for Canadians. It is not creating jobs. A staggering 32% of GDP is not creating jobs.
I wonder if the Conservative administration is now rethinking the idea that shovelling money toward corporate Canada will automatically result in jobs? It has not. They are sitting on it. It is dead money. Is it not time to get it to stand up and walk?