Chart of the Day: GDP Growth in Q1

The economy grew 2.3 percent in the first quarter:

There’s not a whole lot to say about this. Given our current demographics, 2.3 percent growth is fine. At the same time, it doesn’t suggest that the big Republican tax cut had much effect on consumer pocketbooks. This is hardly surprising since most of the tax cuts went to corporations—who are mostly using it for stock buybacks—and the rich—who are just tossing it into their investment accounts. The poor and middle class, who are more likely to spend a tax cut, got only a few dollars.

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We've never been very good at being conservative.

And usually, that serves us well in doing the ambitious, hard-hitting journalism that you turn to Mother Jones for. But it also means we can't afford to come up short when it comes to scratching together the funds it takes to keep our team firing on all cylinders, and the truth is, we finished our budgeting cycle on June 30 about $100,000 short of our online goal.

This is no time to come up short. It's time to fight like hell, as our namesake would tell us to do, for a democracy where minority rule cannot impose an extreme agenda, where facts matter, and where accountability has a chance at the polls and in the press. If you value our reporting and you can right now, please help us dig out of the $100,000 hole we're starting our new budgeting cycle in with an always-needed and always-appreciated donation today.

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