Mr. Speaker, after eight years, we have entered the next phase of the Prime Minister's economic misery. We have seen “just inflation”, and today we have learned that Canada is in a state of stagflation as our economy has shrunk by 1.1% in the most recent quarter while the American economy boomed at 5%. This is the result of high taxes, big deficits and crippling red tape. At the same time as prices are rising for Canadians, their wages are falling. The economy is now smaller than it was on a per capita basis five years ago.
Why is the American economy roaring while the Prime Minister's economy is snoring?