2022-10-26 Members Statement SO 31 Voodoo economics
Mr. Speaker, the Liberal government's incompetent, insensitive, voodoo economic management is crushing everyday Canadians. More debt has been added by the Prime Minister than all prime ministers before him combined. The Liberals said that, because interest rates were rock bottom, it was no big deal to print billions, which shot up the price of homes, gas, groceries and goods.
Inflation is at a 40-year high. Now they are saying, “Whoopsie, it is time to jack up interest rates.” This will financially stress out new homebuyers who have purchased at inflated prices. Nancy at our local food bank tells me that thousands of people are coming there. They are struggling, and she has not seen this happen like this before.
What will the Liberals do? They are going to triple the carbon tax on home heating and fuel and, for good measure, they will increase EI premiums by 10%. Has Canada ever seen a more out-of-touch government?
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