Chart of the Day: GDP Growth in Q3

The US economy grew 3.5 percent in the third quarter:

This is a good number, but it’s down from last quarter. However, personal consumption was up (4.0 percent), gross private investment was up (12.0 percent), and government consumption was up (3.3 percent). That’s a nice, even spread. Oddly, however, business fixed investment was up only 0.8 percent. Given the recent tax cut and the strong showing of corporate earnings last quarter, you’d think business investment would be stronger. Do they know something the rest of us don’t?

Maybe. More likely, though, this is just noise. A single reading for a single quarter doesn’t mean a whole lot. Overall, the economy still looks pretty good.


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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