Virginia’s Economy Is Doing Fine

President Trump tweeted this a couple of hours ago, one day before the Virginia election for governor:

Naturally, everyone is now arguing about how well Virginia has been doing since Terry McAuliffe took over in January 2014. Unemployment is down! But GDP is meh! What’s the real deal?

Let me save you all some trouble. The Philadelphia Fed maintains something called the “coincident economic activity index” that’s a blend of employment, hours worked, and wages. It’s designed to provide a wide-angle look at how the entire economy is doing in each state. Here it is for Virginia compared to the country as a whole:

Since McAuliffe took over, Virginia’s economic activity index has grown slightly faster than the rest of the country. It’s not enough to make much of a difference, and I doubt the governor really has much influence over it anyway, but there it is.

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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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