Economic Growth Slows to 0.7 Percent in Q4

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Yuck. The US economy slowed down a lot in the fourth quarter of last year. GDP growth clocked in at a hair less than 0.7 percent:

For the year, GDP increased 2.4 percent, which is pretty much what it’s been for the past six years. So overall, this isn’t crushingly bad news. It just means the economy continues to putter along without really building up any steam. That’s better than Europe or China can say. Still, in the fourth quarter growth slowed, income growth slowed, and inflation was close to zero. And, as we all know, the stock market has been tanking lately. It’s sure not looking like it was a great idea to start raising interest rates—and if the Chinese economy goes south, it’s really not going to look like it was a great idea to start raising interest rates.

Naturally we want a political spin on all this, and that’s pretty easy: If this is just a blip, and growth returns over the next two quarters, then the presidential contest will remain a close-run thing. But if the economy flags badly for the next couple of quarters, Democrats are going to have a very, very hard time holding onto the White House. Are you ready for President Trump?

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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