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Nicholas Confessore of the New York Times reports that President Obama is trying to woo back Wall Street donors who supported him in 2008 but have since turned against him:

Last month, Mr. Obama’s campaign manager, Jim Messina, traveled to New York for back-to-back meetings with Wall Street donors, ending at the home of Marc Lasry, a prominent hedge fund manager, to court donors close to Mr. Obama’s onetime rival, Hillary Rodham Clinton. And Mr. Obama will return to New York this month to dine with bankers, hedge fund executives and private equity investors at the Upper East Side restaurant Daniel.

“The first goal was to get recognition that the administration has led the economy from an unimaginably difficult place to where we are today,” said Blair W. Effron, an investment banker closely involved in Mr. Obama’s fund-raising efforts. “Now the second goal is to turn that into support.”

It’s hard not to have dueling reactions to this. On the one hand, I pretty much want to retch at the idea of Obama begging Wall Street for alms once again. Wall Street! On the other hand, Effron has a point: are Wall Street tycoons really so damn thin skinned that they’re letting the odd public reference to “fat cats” overwhelm the fact that Obama bailed them out with virtually no strings attached; proposed about the weakest set of financial reforms he could get away with; relentlessly batted away the hardline suggestions of the Democratic Party’s liberal wing; and has presided over a phenomenal rebirth of Wall Street profits over the past two years? Seriously?

Well, yes. After all, even weak financial reforms are more annoying than no financial reforms, which is what Republicans are offering — along with soothing reassurances that Wall Street’s masters of the universe had nothing to do with the financial crisis, no matter what that mean Mr. Obama keeps saying. Plus Obama also wants to raise their personal income tax rate by 4.6 percentage points. That’s unforgivable.

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REAL QUICK, REAL URGENT

Minority rule, corruption, disinformation, attacks on those who dare tell the truth: There is a direct line from what's happening in Russia and Ukraine to what's happening here at home. And that's what MoJo's Monika Bauerlein writes about in "Their Fight Is Our Fight" to unpack the information war we find ourselves in and share a few examples to show why the power of independent, reader-supported journalism is such a threat to authoritarians.

Corrupt leaders the world over can (and will) try to shut down the truth, but when the truth has millions of people on its side, you can't keep it down for good. And there's no more powerful or urgent argument for your support of Mother Jones' journalism right now than that. We need to raise about $450,000 to hit our online fundraising budget in these next few months, so please read more from Monika and pitch in if you can.

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