John McCain Trying to Dance the Big Money Dance, and Failing

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The New York Times has an article today that focuses on how John McCain’s uncompromising style of politics (until late, anyway) has created the presidential candidate’s current fundraising woes.

For example, McCain has repeatedly hit defense contractors for being corrupt and wasteful, instead of using his position on the Armed Services Committee to become chummy with the industry. And he pays the price: his contributions from the military industry are less than half of what Chris Dodd has been able to pull in.

The problem is one McCain should have seen coming. One of his signature pieces of legislation is McCain-Feingold, which sought to limit the power of big money in politics. Now he has to do the big money dance, and no one with deep pockets wants to be his partner. Obama doesn’t take money from lobbyists or special interests, so he would seem to be in the same position as McCain. So how does Obama raise so much while McCain is able to raise so little? One might argue that Obama has more momentum and a more magnetic personality. Or one might argue that Obama isn’t America’s single strongest supporter of a disastrous and badly unpopular war, and isn’t alienating his own party over a surprisingly electric issue.

At Swampland, Joe Klein is getting sentimental over McCain’s failings, and I can’t quibble. I was victim to the same sort of thing when it was revealed in The Hill that McCain almost abandoned the GOP a few years back. I assumed that the news effectively meant the end of the McCain campaign, and I was sad to see McCain go. Klein disagrees with McCain’s stance on the war but calls him an “essentially honorable man.” I disagreed with McCain’s stance on the war and lot of other stuff, but called him “decent.” Surprisingly, Klein is taking worse jabs in his comments section than I did in ours.

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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 canā€™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 wonā€™t let independent, investigative journalism down are the people who actually care about its futureā€”you.

And we need readers to show up for us big timeā€”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.

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