Mr. Speaker, I rise today to address the Speech from the Throne. The speech was an excellent reflection on the accomplishments of the government in the past year and a visionary glimpse of the strong future set before us.
In the fall of 2008 the world was rocked by an economic crisis that began in the United States with a meltdown in the housing industry. The whole world looked on with nervous apprehension as banking systems throughout the world were shocked by one financial quake after another.
Canada was not immune to the crisis and suffered in its markets, especially in employment numbers. Our government was called on to act, and we did decisively with the economic action plan that followed on job retention and creation and measured financial stimulus to shore up our banking and lending institutions. Today Canada is recognized as having one of the most secure banking systems. In fact, the World Economic Forum has said that the Canadian banking system is the strongest in the world.
I would like to take this opportunity to tell the House the effects the economic stimulus plan has had on my riding of Chatham-Kent--Essex.
Last year we announced a combined amount from the federal and provincial governments of $50.5 million in Chatham-Kent and $17.2 million in Leamington. The projects included roads, bridges, municipal buildings, sewers and water treatment facilities which created economic activity in my riding, particularly jobs, directly and indirectly as a result. This was exactly the plan our government set out in last year's budget and continues on in this year's plan as explained in the Speech from the Throne.
The Speech from the Throne addresses new training for laid-off workers. Layoffs are something I am afraid we have experienced in my riding. I would like to make a few comments about this.
A large number of people in my riding of Chatham-Kent--Essex work directly or indirectly in the auto industry. In 2009 we watched as the three major North American auto manufacturers fought bankruptcies, another casualty of the 2008 economic meltdown. It was our government, combined with the Ontario government, that came to their aid and lent General Motors $8.5 billion and Chrysler $3.75 billion. Although both companies are now recovering, many jobs were lost and many of these jobs will not come back.
The future in the auto industry has changed and we must change with it. That is why I was so glad to see our government introduce new training for laid-off workers, training for a new 21st century workforce. That is why we in Chatham-Kent--Essex were so excited about the announcement I was privileged to make at St. Clair College in Chatham for $7.7 million last year to provide the infrastructure for job training.
This leads one to ask about the government's responsibility to eventually balance the books.
I am glad that during the times of economic growth our government saw the necessity to pay down the national debt to the tune of $39 billion. In fact, before the 2008 crisis our debt to GDP ratio was approximately 27%, the lowest in decades. Today this stands at approximately 35%, still far lower than all other G8 members. As a result of our prudent fiscal management, we will continue to grow our economy and restore our fiscal balance by 2015.
We will begin immediately to lower expenditures in our own House. The Speech from the Throne stated that MPs' salaries would be frozen and members on both sides of the House were asked to freeze their budgets. I have met with my staff and we are implementing a strategy to do just that.
The Speech from the Throne talked about building jobs and industries for the future. That is why I support the vision of this government in job training to support skills development, apprenticeships and training for Canadian workers. That is why I support this government's plan to fuel the efforts of our best and brightest and bring innovative projects to the market. That is why I support the laws that protect intellectual property and copyright.
The speech also talked about continued reduction in taxes for businesses which will make Canada a place where companies want to set up shop and which will create jobs, not like the NDP plan and the Liberal plan to increase taxes. We often hear the NDP talk about taxing those in our economy who are the most profitable. I suppose the NDP thinks, as Ronald Reagan once said, and I paraphrase, that if it is profitable, tax it until it is no longer profitable and until it needs help, and then we can subsidize it.
I am thankful for the banking sector and an oil industry that are profitable. I am glad that we have a strong service sector that profits from our government commitment to free trade agreements. I am excited about a resource sector that is a world leader.
I am glad that the Speech from the Throne mentioned our government's continued commitment to free trade agreements. These result in jobs and opportunities for us, and those at the other end of the agreement as well.
The Speech from the Throne also mentioned our government's commitment to the forestry sector, fisheries management, supply management in our agricultural industry, as well as small and medium size businesses. It also mentioned our plans to grow our nation's shipbuilding industry. This has a significant interest in my riding of Chatham-Kent—Essex.
The town of Wheatley in my riding has the largest freshwater fishing port in the world. In that harbour there is a shipbuilder, Hike Metal. For years the people at Hike Metal have been building boats, both large and small, from ferries to research vessels, firefighting ships and police vessels. I am glad to hear, as is Andy Stanton, the owner of Hike Metal, that our government will support the industry through a long-term approach to federal procurement.
The Speech from the Throne also mentioned our government's commitment to family. I suppose as a father of 8 and a grandfather of 20, this strikes home for my wife and me. We see firsthand the struggles that young families endure and the necessity to support them as they raise their children.
I am glad that we will strengthen the universal child care benefit of $100 per month to also assist sole-support and single-parent families. Every week when I go home to my riding, I get to experience firsthand the business of family life when the grandchildren come over to visit on Sunday mornings. It gives me a renewed incentive to get back to Ottawa every Sunday afternoon.
The past few months have witnessed two horrible earthquakes that resulted in the loss of thousands of lives in Chile and more than 200,000 lives in Haiti. Canadians' hearts went out to the devastated victims and they offered generously in terms of money and aid.
Our military was there to help in reconstruction, which again demonstrated to all of us here at home what an excellent organization our armed forces is. We are so proud of the men and women in our military, their professionalism and bravery in relief efforts and in places like Afghanistan. Our government has been committed to providing them with the necessary tools.
I was so pleased to hear in the Speech from the Throne that we will continue to honour these brave men and women by correcting unfair rules that restricted benefits to military families in the past.
We will also initiate a program involving private citizens, businesses and groups to build community war memorials. The throne speech also made a commitment to establish a new veterans charter and an ombudsman to look after our valiant veterans who have served us in the past.
The Speech from the Throne touched on many more areas, but unfortunately I cannot comment on them all. I have tried to elaborate on a few that have a special significance in my riding, but it is impossible to address them all.
One last thing I would like to talk about is the Speech from the Throne's important reference to our shared history. The Speech from the Throne mentioned the upcoming celebration of the War of 1812. This has significant importance to my riding of Chatham-Kent—Essex, for it was on the banks of the Thames River where the battle was fought between the British and the Americans, and the brave Indian chief Tecumseh died. The people of Chatham-Kent—Essex are proud of our history and would like to invite everyone to celebrate this important event in our riding.
This is a great country with a great history, and as was so well expressed in the Speech from the Throne, it is a country with a great future. Let us build it together.