Money, It’s a Gas: Grab That Cash With Both Hands and Make a Stash

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Interesting notes from the presidential fundraising numbers for the third quarter that were released today:

– When identifying the corporation or other entity that gave most to a candidate, the answer usually turns out to be a finance company, a law firm, or some other major corporate interest. Hillary Clinton, for example, raised an astonishing $207,670 from employees of Morgan Stanley, $186,540 from employees of Goldman Sachs, and $96,015 from employees of Citigroup. Not Ron Paul. The oft-slighted Republican congressman from Texas raised more money from members of the U.S. Army than from anywhere else. (This is no surprise to readers of MoJoBlog.) The entity supplying the second most? Google.

– Mitt Romney is also an exception. He gets more money from employees of The Villages, a Florida retirement community, than anywhere else. Romney has loaned a whopping $17.4 million of his own money to the campaign. Meanwhile, he only has $9.2 million in cash-on-hand. Without his own personal wealth propping up the campaign, Romney is in McCain territory.

– Speaking of, John McCain is in debt (and I grow sad). The man from Arizona has roughly $1.6 million to spend in the primary, but $1.7 million in debts. Not. Good.

– Gov. Bill Richardson drew more money from New Mexico state employees than from employees of any other entity.

– Republican Duncan Hunter has yet to top $2 million for the entire campaign. Mike Huckabee, who really checks all the boxes for the Republican base, can’t get it going either. He’s only raised $2.3 million for the campaign. When do we get to drop-out territory?

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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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