Australia's growth - 2.4%. America's growth under Trump- 4.3%

'This time last year, almost nobody forecast that the US economy would be growing as strongly as it is.'

of course hatred blinds. the abc and other Marxist detest the fact that Trump has overseen the creation of record numbers of jobs for African Americans. seems like the pseudo economist have taken the same consensus economics path as the pseudo scientist or push the gw lie. Facts and truth seem to mean little.

runner,
I'm holding my breath what the rent-a-critc crowd from the hangers-on brigade will have to say about this.

ttbn,
Countries have a choice: they can go for growth or they can try to balance the budget.

America's attempts to balance the budget (driven by the Republicans in Congress) hampered their recovery from the GFC. Now, thanks to Trump's tax cuts, Uncle Sam is putting far more money into the economy, creating more opportunities for business and spurring the growth that should have happened years ago.

Australia initially reacted wel to the GFC, but then fell for the Must Balance Budget meme, and growth has been quite sluggish ever since.

Isn't it about time the word Growth is removed from economic management ?
Sustainability has a much more sound & logical ring to it.
Profit in double figures of % is what causes economies to stall & kills local employment.

individual,
>Isn't it about time the word Growth is removed from economic management ?
Not at all. Increasing the value of the work done in the nation is not only one of the important measures we have, but also a worthwhile objective.

>Sustainability has a much more sound & logical ring to it.
If you mean environmental sustainability, that is also very important, though far more difficult to measure.

If you mean economic sustainability, that's not something that can be reliably measured without the benefit of hindsight.

>Profit in double figures of % is what causes economies to stall & kills local employment.
No it isn't! Whatever gave you that idea?