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Mike Allen reports on the current mental health of the Republican Party establishment. Nickel version: it’s not good:

Interviews this week with longtime party activists and strategists made clear that many in the Republican establishment are unnerved by a field led by Mitt Romney, who could have trouble confronting Obama on health reform; Tim Pawlenty, who has yet to ignite excitement; Jon Huntsman, who may be too moderate to get the nomination; and Newt Gingrich, weighed down by personal baggage and a sense that he is a polarizing figure from the 1990s.

Despairing Republican lobbyists say their colleagues don’t ask, “Who do you like?” but instead, “Who do we back?”

“It’s not that they’re up in arms,” said a central player in the GOP money machine. “It’s just that they’re depressed.”

So the question is, will 2012 be the Republican version of 1972 or the Republican version of 1984? They could nominate a base hero like Michele Bachmann or Sarah Palin or Newt Gingrich and go down in epic flames. Or they could nominate a worthy timeserver like Mitt Romney or Tim Pawlenty and go down in flames.

Or, of course, they could pray for some kind of gigantic global disaster — maybe an economic collapse, an oil spike, or a drawn-out hostage crisis — in which case they can win with anybody. That seems like a pretty weak hope, but right now the fever dreams of the GOP base are so debilitating that it’s hard to see them coming together and beating Barack Obama any other way.

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We just keep seeing it happen: Newsrooms owned by billionaires and corporations are spinning their own narratives, overwriting the truth, following only stories that keep them in the pocket of those with even more power.

Not here. We’re not owned by anyone. We’re not part of any cult that demands our allegiance to a bottom line. We’ve spoken up and spoken out while other newsrooms changed their stories—or cut them altogether—to keep the C suite happy.

Our mission is to find the truth and amplify it. That’s why we’re independent, nonprofit, and, crucially, funded by readers. The investigations on our website will always be free to read, watch, and listen to, but our newsroom is powered by readers who pitch in what they can so we can keep asking the hard questions.

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