“I don't like your criticism. We are diversifying the economy. The C.D. Howe Institute's Business Cycle Council says we're doing fine.”
What they said. What they meant.
Plain-language translations from the House of Commons.
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Oral Questions
The Economy
During question period, the Conservatives slammed the Liberals for excessive spending, pointing to things like $141 billion in new spending, a $67 billion deficit, and the PM spending $159,000 on inflight meals for a single trip. They argued this reckless spending has plunged Canada into a recession, with Canada being the only G20 country in that situation. The Liberals defended their economic record, citing organizations like the IMF and OECD saying Canada has the strongest fiscal position in the G7, and stats showing Canada's economy created 88,000 jobs in May. Beyond the economic tit-for-tat and blaming each other's parties for Canada's situation, not much of substance was discussed in terms of actual solutions or policy ideas.
“The experts say Canada's economy is strong. That's good for everyone. We have the money to invest, so we will spend it on lots of programs. That should make jobs for Canadians in the future.”
“Don't listen to valid criticism. I want everyone to look at this shiny council instead. Canada's economy is good because interest rates aren't currently doing something. Trust us to manage the economy. The markets agree with me.”
“You mentioned many different problems. I want to focus on just one: jobs. Our economy added 88,000 jobs in May. Many of those were full-time, especially in construction. We must be building many houses. I think this is good.”
“I want farmers to like us. I met some last summer. We are spending lots of money on food security. I say this will make food cheaper. We are spending $3.2 billion in Quebec and all across Canada.”