Hon. Leo Housakos: My question is for the government leader in the Senate.

Government leader, Canadians from coast to coast to coast are facing unjust inflation rates in this country. More than ever before, we see cell bills, energy costs, rents and food costs climbing to an extent where middle-class Canadians are being devastated. We see the housing bubble. Recently, I read an article about how Vancouver and Toronto are among the five cities facing the biggest housing bubble in the world. Imagine housing costs higher than in New York, London or Tokyo. All of this because of a government that has been irresponsible in dealing with the economy. We have had as recently as a year ago the Governor of the Bank of Canada, the Prime Minister and the Minister of Finance saying that the big problem facing Canadians is stagnation, not inflation. Boy, did they get this wrong.

I have been asking my question for a number of weeks. Who is going to be held responsible for this devastating result? Don’t tell me it’s a worldwide phenomenon, because France, Austria, Japan, Saudi Arabia and India are all nations who are performing better than Canada when it comes to inflation.

Who is responsible for this? Who will take responsibility for this catastrophe?