Remember when Donald Trump was elected president of the USA and Mal Turnbull was told the news via his trusty mobile phone? His head sunk, in an “oh poo” moment. Now they are all buddies and Mal intends to use a fair chunk of Australia’s $2.53 trillion superannuation to give to Trump so that the Donald can fix America’s infrastructure, which is rated by engineers at the D or fail level:
https://www.smh.com.au/business/the-economy/trumps-infrastructure-plan-gets-25-trillion-nudge-from-australia-20180222-h0wghz.html
“Australian politicians have pointed to their own success in selling or leasing public assets to finance new construction without incurring new debt -- a concept known as asset recycling. Joe Hockey, now Australia’s ambassador to the US, was a key champion of the initiative when he was federal treasurer and has been pivotal in promoting it in Washington. “There’s no doubt when it comes to infrastructure and better rollout of infrastructure, Australia has some examples that may be of use to the United States,” Hockey said on Wednesday. Fund managers in Turnbull’s delegation of 22 business leaders will continue the push at the National Governors Association meeting this weekend.
