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INFLATION….The consumer price index fell last month, but this was mostly due to falling oil prices, so it’s no big deal. It’s a good thing, in fact. Remove oil prices and inflation was up very slightly, perhaps 0.1% or so.

That’s worryingly close to zero, and that’s a much bigger deal, especially since we’re still in the early days of this recession. If prices fall any further, we’re in deflation territory, and that would be dismal indeed. So as much as I dislike the auto bailout on its merits, this would not be a good time to let GM go under. Nor is it a good time to cavil about federal stimulus spending or to force state governments to slash expenditures. So tell me again: how many days are there until January 20th? It would be nice to have an actual president again.

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THE TRUTH...

is the first thing despots go after. An unwavering commitment to it is probably what draws you to Mother Jones' journalism. And as we're seeing in the US and the world around, authoritarians seek to poison the discourse and the way we relate to each other because they can't stand people coming together around a shared sense of the truth—it's a huge threat to them.

Which is also a pretty great way to describe Mother Jones' mission: People coming together around the truth to hold power accountable.

And right now, we need to raise about $400,000 from our online readers over the next two months to hit our annual goal and make good on that mission. Read more about the information war we find ourselves in and how people-powered, independent reporting can and must rise to the challenge—and please support our team's truth-telling journalism with a donation if you can right now.

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