This Week in Dark Money

<a href="http://www.flickr.com/photos/hikingartist/5727282498/">Frits Ahlefeldt-Laurvig</a>/Flickr

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For the first installment of a new weekly feature, here’s a quick look at the week that was in the world of political dark money:

Dudes dominate super-PAC giving: No surprise here: Super-PAC contributions, like certain magazine award nominations, are dominated by men. The Houston Chronicle reported that women account for just 14 percent of super-PAC donors, citing it as an example of the “link between the underrepresentation of women in the political money chase and the underrepresentation of women in U.S. elected office.”

Colbert wins award for dark-money mockery: On Wednesday’s Colbert Report, Stephen announced that his show had won a Peabody award for it satirization of super-PACs. To poke fun at the runaway campaign spending following the Citizens United ruling, the Colbert Report founded its own super-PAC, Americans for a Better Tomorrow, Tomorrow, which ran bizarro political ads in early primary states. 

 

Romney hires GOP guru: As MoJo‘s Andy Kroll reported, Ed Gillespie, the man who created the powerhouse American Crossroads super-PAC with Karl Rove, has hopped aboard Mitt Romney’s presidential campaign. The move calls into question the supposed ban on coordination between super-PACs and candidates’ campaign operations.

“Take the Money and Run for Office”: Last week’s episode of This American Life explored the world of campaign finance. Senator John McCain (R-Ariz.) and former Senator Russ Feingold (D-Wisc.) discussed the campaign reform bill they championed, which the Supreme Court ultimately ruled unconstitutional. NPR’s Planet Money blog published a companion piece charting the delicious ways politicians woo megadonors.

Congressional fundraisers: NPRAppetite for seduction: Congressional fundraisers, by meal NPR

 

Romney’s radioactive supporter: Texas billionaire Harold Simmons, who has pumped at least $700,000 into the pro-Romney Restore Our Future super-PAC, is pressuring the Nuclear Regulatory Commission to allow him to dump radioactive materials including depleted uranium into his giant West Texas landfill. The “King of Superfund Sites” is hoping for Republican victories in November, having invested $16 million in the 2012 elections, including $12 million in American Crossroads.

Small banks launch super-PAC: Friends of Traditional Banking, a new super-PAC representing the interests of “traditional banks,” says it plans to raise money through small contributions. “Everyone knows that traditional banks didn’t cause the economic crisis, but that didn’t stop Congress from heaping massive new regulations on them and their customers,” the group, which like most banks opposes Dodd-Frank’s “massive new regulations,” said in a mission statement.

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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.

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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.

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.

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