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Jim Henley sends me a birthday card:

Happy Mutual Birthday to Kevin Drum, elder statesman of the October-19th cohort of bloggers. To make this one special, I’ll attack him from the left. It isn’t possible to get the banksters “off the federal teat immediately” or otherwise. There is simply no guarantee we make today that can bind the politicians of tomorrow. That’s not even necessarily a nebulous “tomorrow” either.

Nor can we guarantee that, when the time comes, it would even make sense for tomorrow’s politicians to honor today’s future refusal. We have to figure out how to organize a political economy predicated on massive if implicit subsidies to the finance industry and its owners and executives so as to minimize the harm they can do and so it works tolerably for the rest of us. Am I optimistic that we can do this? Not so much. But since we can’t cut ‘em off, all we can hope to do is keep ‘em in line.

Hold on a second there, pardner.  I didn’t say we should get bankers off the federal teat forever, I just said we should get them off the federal teat immediately.  And even at that, I was only talking about the rock jawed capitalists who have paid back their TARP funds and therefore want us all to believe that they are off the federal teat.

Bollocks.  If Goldman Sachs is in good enough shape to pay back their TARP funds and earn billions in highly leveraged trading profits, they’re in good enough shape to give up their financial holding company status, their FDIC guarantees, and the $12 billion in taxpayer dough that got funneled their way via AIG.  This seems like a subject that can unite everyone from Rush Limbaugh to Michael Moore.

But I agree with all the other stuff.  And it is our mutual birthday, #51 for me.  To celebrate, here’s a photo of #5.  That’s my sister on the right.  I don’t remember the whole Indian costume thing, but pictures don’t lie, do they?  Not in 1963, anyway.  I’d like to see Jim post something similar to prove he’s not actually a killer robot from the Andromeda galaxy who’s merely posing as a mild-mannered blogger until the time is ripe to enslave us all.  Because that’s a real possibility, you know.  I think I heard it on the Glenn Beck show.

UPDATE: And for a birthday present, I’d like someone to explain why it is that every year the BCS computers hate USC so much.  I mean, we play pretty good nonconference teams and haven’t lost to one in the last eight years.  (Yeah, yeah, except for that one.)  What’s the deal with silicon hatred of the Trojans?

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WE'LL BE BLUNT

It is astonishingly hard keeping a newsroom afloat these days, and we need to raise $253,000 in online donations quickly, by October 7.

The short of it: Last year, we had to cut $1 million from our budget so we could have any chance of breaking even by the time our fiscal year ended in June. And despite a huge rally from so many of you leading up to the deadline, we still came up a bit short on the whole. We can’t let that happen again. We have no wiggle room to begin with, and now we have a hole to dig out of.

Readers also told us to just give it to you straight when we need to ask for your support, and seeing how matter-of-factly explaining our inner workings, our challenges and finances, can bring more of you in has been a real silver lining. So our online membership lead, Brian, lays it all out for you in his personal, insider account (that literally puts his skin in the game!) of how urgent things are right now.

The upshot: Being able to rally $253,000 in donations over these next few weeks is vitally important simply because it is the number that keeps us right on track, helping make sure we don't end up with a bigger gap than can be filled again, helping us avoid any significant (and knowable) cash-flow crunches for now. We used to be more nonchalant about coming up short this time of year, thinking we can make it by the time June rolls around. Not anymore.

Because the in-depth journalism on underreported beats and unique perspectives on the daily news you turn to Mother Jones for is only possible because readers fund us. Corporations and powerful people with deep pockets will never sustain the type of journalism we exist to do. The only investors who won’t let independent, investigative journalism down are the people who actually care about its future—you.

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