Chart of the Day: GDP Grew 2.6% in the Final Quarter of 2017

GDP growth figures are out today, and the economy kept up its good performance in the fourth quarter. GDP growth since the previous quarter was up 2.6 percent on an annualized basis:

And since 2017 is now in the history books, we also have growth figures for the whole year. The economy grew 2.3 percent in 2017:

This is perfectly respectable. However, just to state the obvious, it’s a long way from the sustained 3 percent growth that Donald Trump thinks his tax cut will generate. I doubt that he’ll come close to that in 2018, let alone for several years in a row.

DOES IT FEEL LIKE POLITICS IS AT A BREAKING POINT?

Headshot of Editor in Chief of Mother Jones, Clara Jeffery

It sure feels that way to me, and here at Mother Jones, we’ve been thinking a lot about what journalism needs to do differently, and how we can have the biggest impact.

We kept coming back to one word: corruption. Democracy and the rule of law being undermined by those with wealth and power for their own gain. So we're launching an ambitious Mother Jones Corruption Project to do deep, time-intensive reporting on systemic corruption, and asking the MoJo community to help crowdfund it.

We aim to hire, build a team, and give them the time and space needed to understand how we got here and how we might get out. We want to dig into the forces and decisions that have allowed massive conflicts of interest, influence peddling, and win-at-all-costs politics to flourish.

It's unlike anything we've done, and we have seed funding to get started, but we're looking to raise $500,000 from readers by July when we'll be making key budgeting decisions—and the more resources we have by then, the deeper we can dig. If our plan sounds good to you, please help kickstart it with a tax-deductible donation today.

Thanks for reading—whether or not you can pitch in today, or ever, I'm glad you're with us.

Signed by Clara Jeffery

Clara Jeffery, Editor-in-Chief

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