Chart of the Day: GDP Growth Was Lackluster in Q2

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Real GDP grew by only 1.2 percent in the second quarter. Political scientists everywhere are now rushing to plug this number into their models in order to come up with new estimates of who will win the election in November.

Long story short, consumer spending was healthy, but business and residential investment was horrible. Fixed investment was down 3.2 percent and residential investment was down a whopping 6.1 percent. Apparently the new housing market has screeched to a sudden halt.

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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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