The unemployment rate:
US: 4.9 per cent in 1973 rising to 8.5 per cent in 1975.
Australia: 1.8 per cent in 1973 rising to 4.6 per cent in 1975.
US: 3.3 per cent at the end of 1972 rising to a peak of 12.4 per cent during 1974.
Australia: 4.7 per cent at the end of 1972, rising to a peak of 17.7 per cent in March 1975.
US: A deep recession with GDP falling in consecutive years, down 0.5 per cent 1974 and down a further 0.2 per cent in 1975.
Australia: GDP rose 1.5 per cent in 1974 and rose 1.9 per cent in 1975 and while there was a 'technical' recession within that time (two quarters of falling real GDP), the annual data showed continued economic growth.
US: Rose from 18.1 per cent of GDP in 1973 to 20.8 per cent of GDP in 1976.
Australia: Rose from 18.5 per cent of GDP in 1971-72 to 24.5 per cent of GDP in 1975-76.
The Budget balance:
US: The budget deficit rose from 1.1 per cent of GDP in 1973 to 4.1 per cent of GDP in 1976 with a deficit every year in between.
Australia: A budget surplus of 2.0 per cent of GDP in 1971-72 moving to a deficit of 1.8 per cent of GDP in 1975-76, but there were surpluses in 1972-73, 1973-74, 1974-75.
I didn't realise the policies of the 'reckless', 'disastrous', 'worst government ever' Whitlam era extended to the US. Facts are funny things ay?