Tonight Was One of the Great Political Blowouts of Modern History

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Unemployment is at 3.7 percent, a level so low we’ve reached it only once before in my entire lifetime. GDP is growing 3 percent per year. Wages are rising nicely. Inflation is tooling along at a very modest 2 percent. Manufacturers’ shipments are healthy. Consumer spending is strong and household debt is low. Aside from the dotcom boom, consumer confidence is at a 40-year high.

And yet, Republicans are going to lose three dozen seats in the House and cede control to the Democrats. Has any party ever done so badly in the middle of such strong economic performance?

I guess there was LBJ in 1966, after passing the Civil Rights Act and losing the South forever. But that’s about it.

In raw numbers this might not be the biggest wave election ever, but once you account for the economy it’s one of the great political blowouts of modern history. Donald Trump will never admit it, but don’t be fooled. He was crushed and repudiated tonight in a way that few presidents ever have been.

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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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