Chart of the Day: Here’s Why the Recovery Has Been So Weak

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I don’t really have any good hook for posting this chart, but it’s one of the most important ones you’ll ever see. It’s from the Wall Street Journal and it shows total government spending (state + local + federal) during the recession and its aftermath:

For about a year following the Obama stimulus, total spending was a bit higher than average for recession spending. But after that, spending fell steadily rather than rising, as it has after every previous recession. The result: a sluggish recovery, persistent long-term unemployment, and anemic wage growth.

Instead of responding to a historically bad recession with a historically strong stimulus, we responded with the weakest stimulus ever. Government spending is now more than 25 percentage points lower than normal. If you want to know why the recovery has been so feeble and unsteady, this is it. Republican presidential candidates, please take note.

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IT'S NOT THAT WE'RE SCREWED WITHOUT TRUMP:

"It's that we're screwed with or without him if we can't show the public that what we do matters for the long term," writes Mother Jones CEO Monika Bauerlein as she kicks off our drive to raise $350,000 in donations from readers by July 17.

This is a big one for us. So, as we ask you to consider supporting our team's journalism, we thought we'd slow down and check in about where Mother Jones is and where we're going after the chaotic last several years. This comparatively slow moment is also an urgent one for Mother Jones: You can read more in "Slow News Is Good News," and if you're able to, please support our team's hard-hitting journalism and help us reach our big $350,000 goal with a donation today.

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