August 25, 2008

Stock Market Watch

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STOCK MARKET WATCH….From the AP today:

Stocks sank in light trading Monday as worries about American International Group Inc. touched off broader concerns that the deterioration of the credit markets will bring more big losses for financial companies.

Damn liberal media. Everyone knows the market is down because the start of the Democratic convention has Wall Street worried that Barack Obama might become president next year and wreck the economy. Don’t these guys ever stop shilling for their liberal darlings?

UPDATE: With my hand over my heart, I swear I wrote this post before surfing over to The Corner to see what professional nutbag Larry Kudlow had to say about today’s market swoon. Sure enough, he came through for me.

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WE'LL BE BLUNT

We need to start raising significantly more in donations from our online community of readers, especially from those who read Mother Jones regularly but have never decided to pitch in because you figured others always will. We also need long-time and new donors, everyone, to keep showing up for us.

In "It's Not a Crisis. This Is the New Normal," we explain, as matter-of-factly as we can, what exactly our finances look like, how brutal it is to sustain quality journalism right now, what makes Mother Jones different than most of the news out there, and why support from readers is the only thing that keeps us going. Despite the challenges, we're optimistic we can increase the share of online readers who decide to donate—starting with hitting an ambitious $300,000 goal in just three weeks to make sure we can finish our fiscal year break-even in the coming months.

Please learn more about how Mother Jones works and our 47-year history of doing nonprofit journalism that you don't find elsewhere—and help us do it with a donation if you can. We've already cut expenses and hitting our online goal is critical right now.

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