Proof That the Economy is in Bad Shape


PROOF THAT THE ECONOMY IS IN BAD SHAPE….Like Matt Yglesias, I too don’t understand why the Washington Post would publish a piece on the state of the economy by Donald Luskin. It’s not just that Luskin is a hair-on-fire conservative idealogue. So is Charles Krauthammer, and despite the fact that I think the Post would be better off without him, I understand that Krauthammer carries a certain amount of intellectual heft and appeals to a certain crowd. The same really can’t be said of Luskin, who routinely makes mistakes like not accounting for inflation or discarding data points for no reason except that it helps prove some theory or other he wants to peddle. It’s sort of kindergarten hackishness compared to Krauthammer’s grad school hackishness.

So here’s my guess: the Post wanted to run a “balancing” piece in the Outlook section arguing that the economy was basically OK and Bush had done a good job running it. Apparently no one smarter or more intellectually honest than Luskin — which includes just about everyone — was willing to do it. Which should tell you something.

OUR NEW CORRUPTION PROJECT

The more we thought about how MoJo's journalism can have the most impact heading into the 2020 election, the more we realized that so many of today's stories come down to corruption: democracy and the rule of law being undermined by the wealthy and powerful for their own gain.

So we're launching a new Mother Jones Corruption Project to do deep, time-intensive reporting on systemic corruption. We aim to hire, build a team, and give them the time and space needed to understand how we got here and how we might get out. We'll publish what we find as a major series in the summer of 2020, including a special issue of our magazine, a dedicated online portal, and video and podcast series so it doesn't get lost in the daily deluge of breaking news.

It's unlike anything we've done before and we've got seed funding to get started, but we're asking readers to help crowdfund this new beat with an additional $500,000 so we can go even bigger. You can read why we're taking this approach and what we want to accomplish in "Corruption Isn't Just Another Scandal. It's the Rot Beneath All of Them," and if you like how it sounds, please help fund it with a tax-deductible donation today.

We Recommend

Latest

Sign up for our newsletters

Subscribe and we'll send Mother Jones straight to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate