Chart of the Day – 2.09.2009

CHART OF THE DAY….Justin Fox presents this chart showing the pace of unemployment during the past six recessions. Unlike a similar chart that’s been making the rounds, which showed only the 1991 and 2001 recessions, this one shows employment decline in percentage terms, not as raw job losses. This is a better way of doing it since the population of the U.S. has grown substantially since 1974.

But it still looks plenty bad. Right now we can say that this is the worst recession since 1981, but by summer it’s almost certain that we’ll be saying it’s the worst recession since World War II.

DOES IT FEEL LIKE POLITICS IS AT A BREAKING POINT?

Headshot of Editor in Chief of Mother Jones, Clara Jeffery

It sure feels that way to me, and here at Mother Jones, we’ve been thinking a lot about what journalism needs to do differently, and how we can have the biggest impact.

We kept coming back to one word: corruption. Democracy and the rule of law being undermined by those with wealth and power for their own gain. So we're launching an ambitious Mother Jones Corruption Project to do deep, time-intensive reporting on systemic corruption, and asking the MoJo community to help crowdfund it.

We aim to hire, build a team, and give them the time and space needed to understand how we got here and how we might get out. We want to dig into the forces and decisions that have allowed massive conflicts of interest, influence peddling, and win-at-all-costs politics to flourish.

It's unlike anything we've done, and we have seed funding to get started, but we're looking to raise $500,000 from readers by July when we'll be making key budgeting decisions—and the more resources we have by then, the deeper we can dig. If our plan sounds good to you, please help kickstart it with a tax-deductible donation today.

Thanks for reading—whether or not you can pitch in today, or ever, I'm glad you're with us.

Signed by Clara Jeffery

Clara Jeffery, Editor-in-Chief

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