Politics of the Rich, By the Rich, For the Rich

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Dan Eggen and Perry Bacon Jr. report on the start of Obama’s fundraising campaign for 2012:

Facing an energized Republican Party and deep-pocketed conservative groups, President Obama is kicking off his 2012 reelection campaign with a concerted push for help from wealthy donors and liberal groups unbound by spending limits.

….Obama frequently points with pride to the role that smaller donors played in his 2008 election, when his campaign also openly discouraged spending by outside organizations. But now Obama finds himself seeking out the kind of big-money donations he has often criticized while encouraging independent groups to raise and spend unlimited money on his behalf.

Obama’s campaign manager-in-waiting, Jim Messina, has asked the party’s biggest supporters to raise $350,000 each this year, to be shared by Obama’s campaign and the Democratic National Committee, far higher than goals set during the 2008 cycle.

I suppose that soon we’ll be able to do away with even the charade that anyone with a net worth of less than a million bucks matters in the slightest. Given Obama’s obvious deference to the rich over the past two years, this was probably sadly inevitable.

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Thank you!

We didn't know what to expect when we told you we needed to raise $400,000 before our fiscal year closed on June 30, and we're thrilled to report that our incredible community of readers contributed some $415,000 to help us keep charging as hard as we can during this crazy year.

You just sent an incredible message: that quality journalism doesn't have to answer to advertisers, billionaires, or hedge funds; that newsrooms can eke out an existence thanks primarily to the generosity of its readers. That's so powerful. Especially during what's been called a "media extinction event" when those looking to make a profit from the news pull back, the Mother Jones community steps in.

The months and years ahead won't be easy. Far from it. But there's no one we'd rather face the big challenges with than you, our committed and passionate readers, and our team of fearless reporters who show up every day.

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