Watch: DC’s Stockholm Syndrome

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We’ve getting emails all weeekend from friends, family, MoJo readers, and random strangers about David Corn and Kevin Drum‘s turn on Bill Moyers’ Journal. It was really an astonishingly good show, and well worth watching in the context of… just about everything happening in Washington right now. Take your pick: Today, there’s a kerfuffle about the shadow of the possibility of a financial transaction fee, a tiny amount the government could collect from banks to get a little something back for taxpayers–or, more to the point, for our children, who will be paying for the deficit we ran up for the bailout. (Yes, some banks are repaying TARP money, but do you know just how tiny fraction of the total bailout that is? Our handy chart, along with lots more data geekery on shameless bonuses and such, is here. The “Too Big to Jail” package that inspired Moyers to ask Kevin and David to come on is here.) As with every other proposal to make Big Finance bear any part of the burden for the disaster it has caused, this won’t fly unless politicians feel they have more to lose from satisfying Wall Street than they do from offending it. So watch the show and forward it to your friends. It’s as informative as it is outrage-building—and on this topic, we could use more information and more outrage

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AN IMPORTANT UPDATE

We’re falling behind our online fundraising goals and we can’t sustain coming up short on donations month after month. Perhaps you’ve heard? It is impossibly hard in the news business right now, with layoffs intensifying and fancy new startups and funding going kaput.

The crisis facing journalism and democracy isn’t going away anytime soon. And neither is Mother Jones, our readers, or our unique way of doing in-depth reporting that exists to bring about change.

Which is exactly why, despite the challenges we face, we just took a big gulp and joined forces with the Center for Investigative Reporting, a team of ace journalists who create the amazing podcast and public radio show Reveal.

If you can part with even just a few bucks, please help us pick up the pace of donations. We simply can’t afford to keep falling behind on our fundraising targets month after month.

Editor-in-Chief Clara Jeffery said it well to our team recently, and that team 100 percent includes readers like you who make it all possible: “This is a year to prove that we can pull off this merger, grow our audiences and impact, attract more funding and keep growing. More broadly, it’s a year when the very future of both journalism and democracy is on the line. We have to go for every important story, every reader/listener/viewer, and leave it all on the field. I’m very proud of all the hard work that’s gotten us to this moment, and confident that we can meet it.”

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