Madam Speaker, usually in economics and the humanities, and even in the pure sciences, if you want to solve a problem, you have to define it first. Then, you need to find the sources of the problem. Lastly, you need to address those sources.
The problem is inflation. Is inflation purely a Quebec or Canadian problem? No, every country in the G7 and the OECD is dealing with inflation. That is the first element. Is it the fault solely of the federal government, then? I do not think so. Did it act appropriately on every aspect of the inflation issue? I am not sure, but it does not bear sole responsibility. That is what I want to say.
Then, we see that inflation was at 7% in August and that it dropped a bit because of the price of oil. That means that it is relatively high. Everyone is affected by inflation. No one is immune, but the most hard hit are people on a fixed income: seniors and people with low incomes. We need to focus on these people and try to find solutions to lessen the impact of inflation on their lives. That is the intelligent approach.
That is what the Bloc Québécois is doing. We asked ourselves how we could help these people. Once we have determined what the problem is and who is affected by it, we must determine why we have inflation. There are two factors. One, the demand for goods and services has risen sharply. Interest rates have gone down and federal assistance has been astronomical, which has greatly increased the demand for goods and services. That, in turn, has created inflation. Two, the supply side of the equation has shrunk.
Madam Speaker, I listened respectfully to members of the Liberal Party and I would like them to show some mutual respect, if at all possible.