The Economy Is Collapsing Under Donald Trump!

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The American economy has been collapsing ever since Donald Trump took office. Our trade deficit with Mexico has ballooned. Consumer confidence has cratered. Auto sales are plummeting. And job growth is slowing down. Check out the numbers:

This is, of course, ridiculous. I cherry-picked these statistics; plotted them in a way that made their decline look enormous; and provided no context about what any of them looked like in the year before Trump took office. It’s an easy game to play, and it’s all meaningless.

So why bother? Just to make a point. Right now the economy is doing about as well as it’s been doing for the past few years. Nothing great, nothing terrible. You should pay no more attention to anyone who says the economy is booming under Trump than you should to anyone who says it’s collapsing. Right now, it’s just puttering along.

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FACT:

Mother Jones was founded as a nonprofit in 1976 because we knew corporations and the wealthy wouldn't fund the type of hard-hitting journalism we set out to do.

Today, reader support makes up about two-thirds of our budget, allows us to dig deep on stories that matter, and lets us keep our reporting free for everyone. If you value what you get from Mother Jones, please join us with a tax-deductible donation today so we can keep on doing the type of journalism 2020 demands.

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