How the Game is Played, Part 576

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A few hours ago Felix Salmon wrote a post about the fate of financial reform in the Senate:

Are there really Republicans who would stick their neck out and filibuster a financial-reform bill aimed at reining in Wall Street? Voting against it is one thing, but killing it with a filibuster is surely not a vote-winner anywhere in the US right now.

I mentally shrugged when I read that because the answer is pretty obvious: Republicans will simply portray any Democratic bill not as something that reins in Wall Street, but as a convoluted Beltway boondoggle that puts government bureaucrats in charge of the banking system, kills off credit to Main Street, stifles economic growth, destroys jobs, and shovels money into the hands of favored interest groups. Fox and Rush and the Journal will all sing along, tea partiers will start demonstrating against it, and before long it will get to the point that not only will Republicans filibuster it, but half the Democratic caucus will join in.

In other words, just another day at the office. But no! Apparently I’m still not cynical enough. A few minutes later I was reading Jon Chait’s blog, and it turns out that the right-wing “Committee for Truth In Politics” — George Orwell would be pleased by the homage — is already running TV ads that don’t merely portray the reform bill as bad for the economy, but specifically as a bailout for Wall Street bankers. The ad has been running in ten states for the past week, according to the Campaign Media Analysis Group. Factcheck.org has the dope here.

And that, boys and girls, is how the game is played.  Just portray a bill meant to rein in banks as a bill meant to bail out banks and see if the noise machine plays along. If it doesn’t, try something else. Maybe suggest that instead of protecting consumers, it will remove consumer protections. Or that instead of regulating derivatives, it will set them free. Simple. Why bother making up complicated lies when simple ones will do just fine?

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We've never been very good at being conservative.

And usually, that serves us well in doing the ambitious, hard-hitting journalism that you turn to Mother Jones for. But it also means we can't afford to come up short when it comes to scratching together the funds it takes to keep our team firing on all cylinders, and the truth is, we finished our budgeting cycle on June 30 about $100,000 short of our online goal.

This is no time to come up short. It's time to fight like hell, as our namesake would tell us to do, for a democracy where minority rule cannot impose an extreme agenda, where facts matter, and where accountability has a chance at the polls and in the press. If you value our reporting and you can right now, please help us dig out of the $100,000 hole we're starting our new budgeting cycle in with an always-needed and always-appreciated donation today.

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