Proof That the Economy is in Bad Shape

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PROOF THAT THE ECONOMY IS IN BAD SHAPE….Like Matt Yglesias, I too don’t understand why the Washington Post would publish a piece on the state of the economy by Donald Luskin. It’s not just that Luskin is a hair-on-fire conservative idealogue. So is Charles Krauthammer, and despite the fact that I think the Post would be better off without him, I understand that Krauthammer carries a certain amount of intellectual heft and appeals to a certain crowd. The same really can’t be said of Luskin, who routinely makes mistakes like not accounting for inflation or discarding data points for no reason except that it helps prove some theory or other he wants to peddle. It’s sort of kindergarten hackishness compared to Krauthammer’s grad school hackishness.

So here’s my guess: the Post wanted to run a “balancing” piece in the Outlook section arguing that the economy was basically OK and Bush had done a good job running it. Apparently no one smarter or more intellectually honest than Luskin — which includes just about everyone — was willing to do it. Which should tell you something.

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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 crazy—Mother Jones' journalism is driven by one simple question: Will America will 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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