Chart of the Day

Longtime political analyst Charlie Cook thinks there’s a good chance that Democrats could lose control of Congress in next year’s midterm elections.  Independent voters, he says, are “viscerally” worried about the deficit and hyperactive government.

I wonder.  The deficit is a pretty abstract thing, and “hyperactive government” doesn’t necessarily mean healthcare and the stimulus bill.  When it comes to voter discontent, I think I’d put my money elsewhere.  First, as the chart below, from the Economic Policy Institute, shows, people are pretty strongly convinced that the finance industry has gotten huge amounts of help from Obama and Congress, while ordinary people have gotten squat.  As Ezra Klein says, “The economic logic behind preserving the financial sector was bulletproof. But the electorate is not composed of economists. And all they know is that the banks got a lot of money, and this is the worst recession in memory.”  In other words, “hyperactive” might be a lot more acceptable if all that activity were aimed somewhere other than Wall Street.

Second, there’s jobs.  John Judis tells the story here: if you want to be a popular president, you’d better be able to demonstrate some job growth.  End of story.  Obama still has some time on that front, but probably not very much.  If the economy is starting to recover by next spring, he and the Democratic Party will probably be in decent shape when the midterms roll around.  If not, not.

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

We Recommend

Latest

Sign up for our newsletters

Subscribe and we'll send Mother Jones straight to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate

Share your feedback: We’re planning to launch a new version of the comments section. Help us test it.