October 28, 2016

Chart of the Day: Economy Picks Up Nicely in Q3

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Real GDP grew at an annual rate of 2.9 percent in the third quarter. This is a fairly healthy number, driven largely by a big increase in purchases of durable goods (cars, refrigerators, etc.). Purchases of nondurable goods fell, and investment in residential housing also fell, for the second straight quarter. Exports were up considerably.

Politically, this is good news for Hillary Clinton. Donald Trump wants this to be a change election, but if inflation is low, unemployment is low, and economic growth is healthy, an awful lot of people are going to think that an extension of the Obama presidency sounds pretty good.

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WE CAME UP SHORT.

We just wrapped up a shorter-than-normal, urgent-as-ever fundraising drive and we came up about $45,000 short of our $300,000 goal.

That means we're going to have upwards of $350,000, maybe more, to raise in online donations between now and June 30, when our fiscal year ends and we have to get to break-even. And even though there's zero cushion to miss the mark, we won't be all that in your face about our fundraising again until June.

So we urgently need this specific ask, what you're reading right now, to start bringing in more donations than it ever has. The reality, for these next few months and next few years, is that we have to start finding ways to grow our online supporter base in a big way—and we're optimistic we can keep making real headway by being real with you about this.

Because the bottom line: Corporations and powerful people with deep pockets will never sustain the type of journalism Mother Jones exists to do. The only investors who won’t let independent, investigative journalism down are the people who actually care about its future—you.

And we hope you might consider pitching in before moving on to whatever it is you're about to do next. We really need to see if we'll be able to raise more with this real estate on a daily basis than we have been, so we're hoping to see a promising start.

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