Chart of the Day: GDP Growth in Q1

The economy grew 2.3 percent in the first quarter:

There’s not a whole lot to say about this. Given our current demographics, 2.3 percent growth is fine. At the same time, it doesn’t suggest that the big Republican tax cut had much effect on consumer pocketbooks. This is hardly surprising since most of the tax cuts went to corporations—who are mostly using it for stock buybacks—and the rich—who are just tossing it into their investment accounts. The poor and middle class, who are more likely to spend a tax cut, got only a few dollars.


We recently wrapped up the crowdfunding campaign for our ambitious Mother Jones Corruption Project, and it was a smashing success. About 10,364 readers pitched in with donations averaging $45, and together they contributed about $467,374 toward our $500,000 goal.

That's amazing. We still have donations from letters we sent in the mail coming back to us, so we're on pace to hit—if not exceed—that goal. Thank you so much. We'll keep you posted here as the project ramps up, and you can join the hundreds of readers who have alerted us to corruption to dig into.

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