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Mike Allen reports on the current mental health of the Republican Party establishment. Nickel version: it’s not good:

Interviews this week with longtime party activists and strategists made clear that many in the Republican establishment are unnerved by a field led by Mitt Romney, who could have trouble confronting Obama on health reform; Tim Pawlenty, who has yet to ignite excitement; Jon Huntsman, who may be too moderate to get the nomination; and Newt Gingrich, weighed down by personal baggage and a sense that he is a polarizing figure from the 1990s.

Despairing Republican lobbyists say their colleagues don’t ask, “Who do you like?” but instead, “Who do we back?”

“It’s not that they’re up in arms,” said a central player in the GOP money machine. “It’s just that they’re depressed.”

So the question is, will 2012 be the Republican version of 1972 or the Republican version of 1984? They could nominate a base hero like Michele Bachmann or Sarah Palin or Newt Gingrich and go down in epic flames. Or they could nominate a worthy timeserver like Mitt Romney or Tim Pawlenty and go down in flames.

Or, of course, they could pray for some kind of gigantic global disaster — maybe an economic collapse, an oil spike, or a drawn-out hostage crisis — in which case they can win with anybody. That seems like a pretty weak hope, but right now the fever dreams of the GOP base are so debilitating that it’s hard to see them coming together and beating Barack Obama any other way.

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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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Getting just 10 percent of the people who care enough about our work to be reading this blurb to part with a few bucks would be utterly transformative for us, and that's very much what we need to keep charging hard in this financially uncertain, high-stakes year.

If you can right now, please support the journalism you get from Mother Jones with a donation at whatever amount works for you. And please do it now, before you move on to whatever you're about to do next and think maybe you'll get to it later, because every gift matters and we really need to see a strong response if we're going to raise the $253,000 we need in less than three weeks.

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