Mr. Speaker, it is interesting that the hon. member calls for deregulation and cutting taxes as the way to stimulate business that helps stimulate the economy. We had 10 years of that, and our reward for it was jobs being exported, profits being exported, and over $600 billion in dead money sitting in corporate treasuries that has not been invested because there has not been the confidence in the Canadian economy.
Where was the private sector investments to respond to the overreliance on energy when we saw energy prices coming down and we knew what damage that would do to the Alberta economy and the ripple effect right across the country?
Instead of the ideological approach to this, what does an adequate, useful and effective type of government intervention in the economy look like, given the fact that what we had for 10 years really did not work?