This Week in Dark Money

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

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A quick look at the week that was in the world of political dark money

Americans turned off by super-PACs: A new survey from the Brennan Center for Justice finds that 65 percent of respondents say they trust the government less since they feel super-PACs have more power than the people. And 26 percent, particularly “communities of color, those with lower incomes, and individuals with less formal education,” say they’re less likely to vote this year because of it.

Megadonors step up to the plate: iWatch News reports that seven wealthy men and three cash-heavy organizations have contributed a third of all super-PAC money (and just 46 donors are responsible for $110 million). iWatch has immortalized the top donors with their own interactive trading cards. This rookie Sheldon Adelson looks like a keeper.

Wall Street bullish on super-PACs: Meanwhile, the Center for Responsive Politics finds that the securities and investment industry continues to blow other industries away in the big money game. Casinos are number three, thanks to Adelson.

Coming to a race near you: As Mother Jones’ Andy Kroll reports, a growing number of super-PACs are funneling cash into state and local races in efforts to oust congressional incumbents and influence smaller campaigns. The trend promises to create new problems wth campaign finance disclosure, which is inconsistent and often lacking at the state level.

Using dark money to hide dark money: Andy Kroll also reports that Crossroads GPS, the dark money outfit cofounded by Karl Rove, doled out $2.75 million to the Center for Individual Freedom, which fights dark-money disclosure laws. A Washington Post analysis finds that Crossroads GPS, which does not disclose its donors, has spent $12.6 million on anti-Obama ads so far. Meanwhile, Crossroads GPS’s super-PAC affiliate American Crossroads has released a new ad, a racially tinged attack that casts the president as being too “cool.”

Latest stats from the money war: As supporters of Obama and Mitt Romney max out their legally allowed donations to the candidates, they’re turning to super-PACs to keep the money flowing. So far, Obama and the Democrats have raised more campaign money, but pro-Romney and conservative super-PACs have a cash advantage.

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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.

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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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