Freedom’s Watch Not Immune to Financial Crisis

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After little more than a year in existence, conservative advocacy group Freedom’s Watch is closing up shop. The group’s primary financial backer was Sheldon Adelson, the owner of Las Vegas Sands Corp. and Forbes‘ third richest man last year. But Sands Corp. stock has taken a 95% hit in 2008, and Freedom’s Watch seems to be one of the first casualties along with Adelson’s net worth ranking.

There were signs that Freedom’s Watch was on its way out before yesterday’s announcement. According to the Washington Times, the group spent $30 million on political races this year—a relatively small sum considering it originally planned to hand out $200 million to conservative candidates. Before that, when the cash was still flowing, it funded a $15 million campaign to promote the surge in Iraq. Here’s one of those ads:

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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