GDP Growth In 2018 Was Below 3%

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The BEA revised its estimate of GDP growth in Q4 downward to 2.2 percent today. Team Trump has been using a Q4/Q4 measure of growth so that they can say GDP grew more than 3 percent last year,¹ but using the latest figures even the Q4/Q4 measure has dropped to below 3 percent. It’s now….

2.98 percent

But it rounds up to 3 percent! MAGA!

¹Using the more normal measure, where you simply compare all of 2018 to all of 2017, GDP growth last year was 2.9 percent. Even after the reduced estimate for Q4 it still is—though just barely.

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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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