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.

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 bluster—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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