Chart of the Day: Panicking About the Dollar

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You know how conservatives don’t really care much about the deficit when a Republican is president, but it becomes something close to Armageddon-in-waiting whenever a Democrat is in the White House? Yesterday Matt Yglesias pointed out that the same thing is true about conservative reaction to the value of the dollar: when it plummets for years at a time under Republicans, they don’t care. But when it so much as wobbles slightly for a few months under a Democrat, suddenly it’s a sign that we’ve lost our moral backbone and our place as leaders of the free world. This is illustrated in text form here and in handy chart form below. For some reason I felt the urge to redraw Matt’s version, but you can see the original here if you like.

DEMOCRACY DOES NOT EXIST...

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DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily crazy—Mother Jones' journalism is driven by one simple question: Will America move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

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