It’s Too Late for the Economy to Help Obama

Flickr/<a href="http://www.flickr.com/photos/48089670@N00">Tobym</a>

Fight disinformation: Sign up for the free Mother Jones Daily newsletter and follow the news that matters.


This article in The New Yorker sounds the alarm about the economy not working in Obama’s favor for the November election. I really doubt the economy will have any beneficial effect for the president unless something dramatic happens. It’s been my personal observation that most people are about a year to 18 months behind the reality of economic performance—at least on an emotional level. (There is a lot of varying data and analysis on this, so take it for what it is.) But it’s getting late, and even if the economy were to dramatically improve in the next few months I doubt very seriously that anyone is going to be persuaded or change his or her vote because of it. This has been a painful slog and people have seen too many “green shoots” that turned brown to have any trust in numbers at this point.

This is where we stood as of a couple of weeks ago in terms of voters’ perceptions, and I’d be very surprised if anything changes substantially in the next few months:

Partisans continue to differ sharply in their perceptions of the tone of economic news. Republicans and independents are much more likely than Democrats to say they are hearing mostly bad news about the economy. More than four-in-ten Republicans (44%) and 36% of independents say this, compared with 19% of Democrats. About one-in-ten Democrats (11%) say they are hearing mostly good news about the economy, compared with 3% of Republicans and 5% of independents.

In April, nearly twice as many Democrats (20%) said they were hearing mostly good news. More Democrats now say they are hearing mixed news about the economy (69%) than did so in April (59%). Opinions among Republicans and independents are little changed from one month ago.

It doesn’t look as if very many Americans think it’s “Morning in America.”

It would be nice to think that the two presidential contenders will fight it out on the basis of competing visions of how to fix things, but from the looks of it, we’re going to have a monumental mudfest instead. And maybe that says more than might immediately be obvious—maybe it says that neither of them has a vision of how to fix things. Or maybe they disagree less than we think.

Heather Digby Parton is guest blogging this week while Kevin Drum is on vacation.

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.

And we need readers to show up for us big time—again.

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.

payment methods

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.

And we need readers to show up for us big time—again.

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.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate