President Barack Obama and Sen. Evan Bayh (D-IN), in happier days. | White House photo/<a href="http://www.flickr.com/photos/whitehouse/3859976149/">Pete Souza</a> (<a href="http://www.usa.gov/copyright.shtml">Government Work</a>).

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The big political news today is that Sen. Evan Bayh (D–Ind.) has decided not to run for reelection. He made this decision four days before the deadline for candidates to qualify for the June primary ballot, leaving Democrats in a considerable bind. Dave Weigel:

Here are two measures of what a surprise this is. One: Ken Spain, spokesman for the NRCC, simply tweets “unreal” as he begins a series of observations about what this means for Democrats. Two: a Democratic strategist confirms to me that Bayh didn’t let anyone at any level of the party know about this, and shares with me an expletive I won’t share about the man himself.

Luke Russert tweets:Amazing, Bayh told his staff he was done on Friday and didn’t call Harry Reid until 25 minutes ago!!!” If that’s true, it’s pretty remarkable behavior even for someone as famously callow as Bayh.

So why did he quit so suddenly? His official statement says he’s frustrated with the Senate because there is “too much partisanship and not enough progress — too much narrow ideology and not enough practical problem-solving.” Maybe. Alternatively, he’s tired of taking hits from party liberals, who aren’t exactly fans of his ostentatious centrism and bipartisan preening. That’s pretty much Marc Ambinder’s take:He wanted to be POTUS and came to hate the Senate and liberal activists. He wanted no mas.”

In any case, Bayh had already raised $13 million for his reelection campaign, and up until a few days ago he was assuring party leaders that he would run. Pulling out at this late date is a pretty explicit show of pique, and an obvious gift to Republicans, whose odds of picking up Indiana in November just went way up. Bayh didn’t quite give Democrats the finger on his way out, but he did everything short of it.

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WE'LL BE BLUNT.

We have a considerable $390,000 gap in our online fundraising budget that we have to close by June 30. There is no wiggle room, we've already cut everything we can, and we urgently need more readers to pitch in—especially from this specific blurb you're reading right now.

We'll also be quite transparent and level-headed with you about this.

In "News Never Pays," our fearless CEO, Monika Bauerlein, connects the dots on several concerning media trends that, taken together, expose the fallacy behind the tragic state of journalism right now: That the marketplace will take care of providing the free and independent press citizens in a democracy need, and the Next New Thing to invest millions in will fix the problem. Bottom line: Journalism that serves the people needs the support of the people. That's the Next New Thing.

And it's what MoJo and our community of readers have been doing for 47 years now.

But staying afloat is harder than ever.

In "This Is Not a Crisis. It's The New Normal," we explain, as matter-of-factly as we can, what exactly our finances look like, why this moment is particularly urgent, and how we can best communicate that without screaming OMG PLEASE HELP over and over. We also touch on our history and how our nonprofit model makes Mother Jones different than most of the news out there: Letting us go deep, focus on underreported beats, and bring unique perspectives to the day's news.

You're here for reporting like that, not fundraising, but one cannot exist without the other, and it's vitally important that we hit our intimidating $390,000 number in online donations by June 30.

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