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Hon. Pierre Poilievre (Carleton, CPC)

Nov/25/21 10:09:47 a.m.
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Mr. Speaker, my reason for rising is the need for an emergency debate on the Liberal inflation tax. As the Speaker knows, half-a-trillion dollars of Liberal inflationary Liberal deficits mean more dollars chasing fewer goods leading to higher prices. It is a long-proven statistical correlation that when governments run huge deficits and print money to pay for it, prices rise for everything and everybody. Academics, the media and Liberal politicians are trying to tie inflation to the COVID-19 pandemic. Unfortunately, that does not hold water. Saudi Arabia, Switzerland, England, Germany, China, India, Japan, Singapore, the other G7 countries and the eurozone are all grappling with the COVID-19 crisis, and yet inflation is not as high in those places. Obviously, the cause of our inflation is the major increase in government spending, which is causing an increase in prices. More money and fewer goods mean higher prices. We need to have a debate to protect the interests of consumers. Young people are unable to buy homes and often have to live in their parents' basement. Seniors are having a hard time buying groceries. The cost of gas in Canada is going up, partly because of the world price but also because of the stunning weakness of our dollar, which is linked to the fact we are printing money here in Canada. Price hikes are taking their toll on poor people, those who are suffering, and those who do not have any financial or real estate investments to help them make money. These people need us. I am therefore calling for an emergency debate to discuss the Liberals' inflationary tax.

273 words

Context: House Hansard - 4 - Nov/25/21

Hon. Pierre Poilievre (Carleton, CPC)

Nov/25/21 3:08:50 p.m.
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Mr. Speaker, I want to congratulate the finance minister on her flip-flop today. She had said that deflation was a bigger risk to Canada than inflation. Now that Canada has the second-highest inflation rate in the G7, higher than the eurozone and higher than most of our competitors, and the second-highest housing inflation of any country on earth, she has admitted that we have an inflation crisis. I congratulate her for finally waking up to that. Will she acknowledge that this inflation is, in fact, a homegrown problem?

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Context: House Hansard - 4 - Nov/25/21

Hon. Pierre Poilievre (Carleton, CPC)

Nov/25/21 3:10:15 p.m.
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Mr. Speaker, let us just see about that. Land does not have a global supply chain. It was supplied by geological factors many millions of years ago, and yet land prices in Canada have gone up by 20% in one year, giving Canada the second-highest real estate inflation on planet earth. It is ahead of every other nation on earth, except for New Zealand, a phenomenon that really kicked off after the finance minister began flooding markets with cheap cash and ballooning prices. Is that not a homegrown problem?

90 words

Context: House Hansard - 4 - Nov/25/21

Hon. Pierre Poilievre (Carleton, CPC)

Nov/25/21 3:11:51 p.m.
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Mr. Speaker, it would be impossible to listen to what she has to say about inflation, because before today, she had not even mentioned the word. She suggested that we would have deflation. As for the claims of her Liberal media friends, they are disproven by the fact that countries all over the world, including five of the other six G7 countries, have lower inflation than Canada, and every country on earth has lower housing inflation than Canada except one. Given that we are doing so much worse than our competitors, will she finally admit it is a homegrown problem?

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