USA Today tells us that: "It's been almost an article of faith: Any recession this year will be mild and brief."
That may have been an article of faith from those who get their economic outlook from tea leaves and other mystical processes, but those of us who rely on economic data knew that a downturn was likely to be very bad and said this quite clearly.
It is unfortunate that reporters relied almost exclusively on ill-informed economists as their sources during the run-up to the recession. Remarkably most articles on the economy, including this one, continue to rely almost exclusively on economists who were surprised by the economy. While their statements of surprise can make interesting reading, it would also be useful to include the views of economists who were not surprised by the economy.
I’m writing to you today with a sense of urgency that I haven’t felt since I began my journalism career. As executive editor of The American Prospect, I’ve witnessed firsthand how independent journalism serves as a crucial bulwark against the erosion of our democratic institutions. Today, that role is more vital than ever. Can you step up today and show your support?
The winds of authoritarianism are blowing stronger. We’re seeing alarming signs of a coordinated effort to silence critical voices and undermine the very foundations that support progressive causes. As Bob Kuttner presciently wrote in our August 2024 issue, a weaponized IRS could attack the very foundations of the progressive movement. We need readers to step up and help us dig in for the long haul.
We’re falling behind in our spring fundraising campaign, and with so much at stake we can’t afford to come up short. If you value fearless, independent journalism that holds the powerful accountable and defends democracy, now is the time to step up. The American Prospect depends on reader support to stay in the fight. Pitch in today and help us close the gap. Please consider making a donation today.
–David Dayen, Executive Editor
Copyright 2025 | The American Prospect, Inc. | All Rights Reserved