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Decentralized Democracy

House Hansard - 201

44th Parl. 1st Sess.
May 29, 2023 11:00AM
Context: House Hansard - 201 - May/29/23
Hon. Chrystia Freeland
  • May/29/23 9:01:22 p.m.
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Mr. Chair, I believe that the member opposite was a staffer in the Harper government, so let us talk about the 2008 recession and the incredibly slow and painful recovery Canada made because of a government that refused to invest in Canada's recovery. I have some numbers there and I am happy to share them in future questions.
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Context: House Hansard - 201 - May/29/23
Hon. Chrystia Freeland
  • May/29/23 9:02:01 p.m.
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Mr. Chair, I am the finance minister, and I remember that it took GDP four months longer to recover following the 2008 recession than it took following the COVID recession. That was because of smart investments by our government to support Canadians.
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Context: House Hansard - 201 - May/29/23
Hon. Chrystia Freeland
  • May/29/23 9:02:28 p.m.
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Mr. Chair, let me share some numbers that really matter. It took 27 months for jobs to recover from the 2008 recession. It only took 21 months for jobs to recover from the COVID recession. Again, it is proof of our government's economic—
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Context: House Hansard - 201 - May/29/23
Hon. Chrystia Freeland
  • May/29/23 9:05:17 p.m.
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Mr. Chair, what is a fact is that it took four months longer for real GDP to recover following the 2008 recession than it took following the COVID recession, even though COVID caused much deeper economic harm. We invested in Canadians, and we are proud of it because it worked.
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Context: House Hansard - 201 - May/29/23
Hon. Chrystia Freeland
  • May/29/23 9:07:08 p.m.
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Mr. Chair, the shameful record is of these Conservatives, who still have not learned the lesson of the incredibly slow and painful recovery from 2008. We learned the lesson. We knew we had to invest to support Canadians. Yes, we had to spend money to do it, but the results show it was worth it. It took 110 months—
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Context: House Hansard - 201 - May/29/23
Hon. Chrystia Freeland
  • May/29/23 9:08:00 p.m.
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Mr. Chair, on the contrary, I am very proud to stand behind our government's record. Canada endured the deepest economic trauma since the Great Depression, and the recovery has been remarkably strong, the strongest in the G7, and incredibly strong compared to the tepid, painful, lacklustre climb out of 2008.
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Context: House Hansard - 201 - May/29/23
Hon. Chrystia Freeland
  • May/29/23 9:40:34 p.m.
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Madam Chair, yet again, we are hearing from the Conservatives the old recipes, which hobbled Canada after 2008. We are not going to repeat those mistakes—
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Context: House Hansard - 201 - May/29/23
Hon. Chrystia Freeland (Deputy Prime Minister and Minister of Finance, Lib.)
  • May/29/23 9:41:09 p.m.
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Madam Chair, how much did the Harper government's failure to support Canadians after 2008 cost—
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Context: House Hansard - 201 - May/29/23
Hon. Chrystia Freeland
  • May/29/23 9:41:44 p.m.
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Madam Chair, this is what the Conservatives have not understood: Failure to support Canadians in 2008 led to a protracted recession.
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