Sun, Nov 25, 2012 - Page 8 News List

Editorial: Accounting for economic priorities

The government must realize that having GDP forecasts revised upward is one thing, but allowing more people to land decent jobs and afford to spend more is quite another.

Last week’s data imply that the economy is still struggling and the domestic labor market remains challenging, with more workers either taking involuntary furloughs or receiving pink slips.

It is a valid policy for the government to pursue trade deals with other countries to boost the economy, but it ought to be alert to what threatens public support from within, as employment and consumption power trump all other economic considerations.

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