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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THE TRUTH IS...

what drives Mother Jones' team of 50-plus journalists. The truth is powerful, as evidenced by how hard those with something to hide, or profit to gain, seek to discredit it. The truth, stated boldly and reported meticulously, is what draws so many readers to Mother Jones.

And the truth is, going into the final 4 days of the year we still needed to raise $TK to hit our $350,000 goal and start 2021 on track. It's nerve-wracking, wondering if the big spike we normally see at the end of December is going to be another thing that doesn't go as planned in 2020, or worse, if, now that Donald Trump is set to leave the White House (for longer than a taxpayer-funded golf trip to a property he owns), folks might be pulling back from fighting for the truth and a democracy and think the hard work is done.

It's not, and if you can right now, please consider a year-end donation to support our team's fearless nonprofit journalism so we can close that big fundraising gap and finish the year strong, ready for all that's ahead in 2021. Whether you can give $5 or $500, it all matters in keeping us charging hard, and we'd be grateful.

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