Chart of the Day: Hooray for the Economy!

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Yesterday featured several gloomy posts—strictly a coincidence, I assure you—so today here’s some good news. Matt Yglesias passes along the word that for the first time since the Great Recession, Gallup’s Economic Confidence Index broke into positive territory this week. Here’s Gallup’s explanation for the steady rise since mid-September:

While various factors likely contribute to the rise in economic confidence, the weekly average price of gas in the U.S. began to fall precipitously in the late summer and, over the last four months, the price has fallen by nearly 30% — an economic boon to most Americans. In fact, for the week of Dec. 22, the average price of gasoline was as low as it has been since the first half of 2009. Additionally, the U.S. stock market rose in December to its highest levels in history while Gallup’s unemployment rate fell to the lowest since its daily tracking began in January 2008.

So there you have it. A little late to help Democrats in the November midterms, but not too late for 2016.

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Truth #1: The chaos is the point.

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

Truth #3: Facebook owns this.

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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.

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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.

payment methods

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