IN THE HOUSE ~ Question Period ~ calling on Conservatives to stop sprinkling magic money on their friends and start investing in Canadian families

41st Parliament, 1st Session ~ Context : Question

    Mr. Peter Julian (Burnaby—New Westminster, NDP): Mr. Speaker, the Minister of Finance said in this House that he is not a magic money fairy. I think the facts disagree.

    He has Conservative magic money for untendered and expensive F-35 fighter jets that have tripled in cost since the beginning and will now cost about $20 billion.

    He has billions of dollars of Conservative pixie dust to sprinkle on unbudgeted prisons.

    He has Conservative magic money for massive corporate tax cuts to banks and big oil.

    He has magic money for his friends.

    The question is, will he stop sprinkling magic money on his friends and start investing in Canadian families?

    Hon. Jim Flaherty (Minister of Finance, CPC): Mr. Speaker, I do not know why the hon. member casts aspersions on fairies.

    Despite this casting of aspersions on fairies, I do wish to wish the hon. member Merry Christmas from all elves and trolls, wherever we are.

    We are fortunate that Canada's economy is doing relatively well in what is a challenging world. Canadians can remain assured that we will focus on jobs and the economy.

    M. Peter Julian (Burnaby—New Westminster, NPD): Monsieur le Président, les 90 000 chômeurs de plus, ce ne sont pas de bonnes nouvelles. Les chiffres de cette année des tableaux de référence financière de son ministère sont très clairs. Depuis 20 ans, les chiffres montrent que les gouvernements néo-démocrates gèrent mieux les finances que les gouvernements conservateurs. C'est parce que nous, au lieu de faire des dépenses et du gaspillage, des gazebos, des présents, des cadeaux d'impôt à nos amis, on investit pour créer des emplois.

    Au lieu de distribuer sa poudre de perlimpinpin à ses amis, va-t-il investir dans les familles canadiennes maintenant?

    Hon. Jim Flaherty (Minister of Finance, CPC): Mr. Speaker, of course, that is precisely what we have been doing, investing in jobs and the economy, with very good results. The IMF and the OECD predict that Canada will have the strongest economic growth, not only this year, but next year. We have job creation: almost 600,000 net new jobs, mostly full time, mostly in the private sector.

    The three large credit rating agencies have looked at Canada in the past few months. All three of them have renewed Canada's AAA credit rating. Canadians can have confidence that we will remain focused on jobs and the economy in the coming year.