Discussion · Government Orders
Greg McLean Conservative
“Government spending is causing inflation because private businesses are not investing in Canada. Canadian companies are moving to the United States instead. We need clear rules so businesses can easily invest in our economy again.”
“Mr. Speaker, my colleague is exactly right. The government is pushing more taxpayer money out the door into the Canadian economy because nobody else in the current framework is investing in the Canadian economy. The government can talk all it wants about the great investment summit that happened and say that we have turned around some investment that should be coming into Canada, but we are losing Canadian companies that are being moved south of the border. It is one of those things where we are creating inflation with government spending. That is something the Parliamentary Budget Officer was quite clear about. The GDP deflator has gone up by 4.5% because our nominal GDP is up 5.4% and our real GDP is up only 0.9%. It is not working. We are not getting the private sector into the economy. We have to make sure that we are getting the rules straight so that people can see the path to invest in Canada and can make a good investment in Canadian industries again.”
Mr. Speaker, my colleague is exactly right. The government is pushing more taxpayer money out the door into the Canadian economy because nobody else in the current framework is investing in the Canadian economy. The government can talk all it wants about the great investment summit that happened and say that we have turned around some investment that should be coming into Canada, but we are losing Canadian companies that are being moved south of the border. It is one of those things where we are creating inflation with government spending. That is something the Parliamentary Budget Officer was quite clear about. The GDP deflator has gone up by 4.5% because our nominal GDP is up 5.4% and our real GDP is up only 0.9%. It is not working. We are not getting the private sector into the economy. We have to make sure that we are getting the rules straight so that people can see the path to invest in Canada and can make a good investment in Canadian industries again.