Madam Speaker, I want to congratulate our leader, the member for Toronto Centre, for his excellent speech. I would be anxious to hear perhaps after my speech when there is time for questions and comments, if members of the NDP can think of a foreign investment that has occurred in Canada that they would have approved. I do not get the sense that there has been a time when they have ever approved of any foreign investment. I wonder if they think that foreign investment in Canada has any value.
In most countries governments and people do want to see foreign investment and the creation of jobs that results from that. That capital flow into a country is important. I would be curious to hear what the NDP would do to encourage that kind of capital flow and investment in Canada, rather than just trying to scare off companies.
Having said that, I do commend the member for London—Fanshawe for bringing this issue before the House today.
I know the members of the Liberal caucus are convinced that our party must be committed to fighting for prosperity for everyone. This is a clear case of why we can never take our prosperity for granted.
Of course our hearts go out, as I am sure those of members on all sides do, to the workers who have lost their jobs, and their families, who have been left wondering about their future. What comes now for those who have worked for Electro-Motive Diesel in London, or for Papiers White Birch in Quebec City? This debate will clearly show that the Conservative government's priority is neither to create jobs, nor to protect the jobs of these hard-working Canadians.
Let us put this in the context of the overall economic management of the Conservative government. It is a government that came into power with a surplus of $13 billion and by April and May of 2008, before the recession began later that fall, it had already put Canada into a deficit. What horrendous fiscal mismanagement.
It is important to keep that in mind when we think about what the government has done in terms of economic management, and when we think about jobs and investment in Canada.
Instead of moving to amendments to strengthen the Investment Canada Act, what is the government doing? It is attacking seniors' pensions. That seems to be a good response. What are the priorities of its caucus members? They are raising issues like abortion and the death penalty. The ministers are sitting on their hands while significant job losses occur right under their noses. This gives an indication of the priorities of the Conservative Party. As we see in such a range of ways, they are ideological priorities. We look at the choices it makes, such as saying that the OAS and the GIS are not that important, that we do not have to worry about people in the future who are getting older. That is nonsense.
We know the residents of London, Ontario are deeply upset about the loss of 465 jobs after Caterpillar Inc. announced it intends to close EMD, Electro-Motive Diesel. The media have also pointed out that this plant closure is also very troubling for what it says about Ontario's ability to compete for manufacturing jobs. We have all watched in recent years as our dollar has climbed to parity and sometimes above parity with the U.S. dollar, and what that has meant in Ontario and Quebec for manufacturing jobs. It is a very difficult and troubling time. I heard it said years ago that with our dollar below 90¢ and certainly below 85¢, we can be extremely competitive and it is easy for us to sell our goods elsewhere, especially into the U.S., but when it is above 90¢, it gets a heck of a lot tougher.
Naturally, we know there are benefits to having the dollar at par. Having a high dollar allows Canadians to have cheaper access to goods that come from outside the country. It allows Canadian companies to buy equipment that can help them become more productive and competitive. There are benefits as well, but the impact we have seen from a variety of things, not only the dollar, but the developments globally in places like China and India and the movement around the world of manufacturing are things that we and the government have to come to grips with.
With respect to Caterpillar, an article in the National Post recently stated:
Caterpillar seems to have been a particularly unscrupulous employer, intent on closing down the plant, even while it dragged its employees through the charade of wage negotiations that were never going to bear fruit.
What happened in Quebec is also disturbing. People are very upset about the closure of White Birch Paper, which meant the loss of 600 jobs. The Prime Minister and members of his cabinet keep saying that the economy and jobs are their top priority, but Canadians now know that those promises are nothing more than empty rhetoric.
Earlier this week when the Minister of Industry was asked what measures he took to protect those jobs at Electro-Motive, he threw up his hands in defeat, acknowledging his utter failure. Here is exactly what he said:
[T]his issue falls entirely within the powers of the Ontario government and there was no ability for the federal government to intervene.
What a defeatist, unconfident approach. The workers at Electro-Motive deserve better from the government and the minister. He should have demanded a meeting, for starters, with Caterpillar instead of trying to pass the buck and avoiding any accountability. When there was a photo op in 2008, the Prime Minister was front and centre at Electro-Motive Diesel smiling for the cameras. When there was an opportunity to help the workers at EMD, the Conservative government left them to fend for themselves, which is generally the Conservatives' attitude toward most Canadians.
What does it say to the folks lined up for a double-double at the local Tim's when they see the priority of the Conservative government is to create jobs for an additional 30 MPs by adding 30 more seats to this House instead of protecting the jobs of those workers at the Electro-Motive or Papiers White Birch plants?