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Barack Obama has pretty much caved in to the Republican contention that budget deficits are the biggest problem our economy faces. He’s pretty much caved in to the Republican contention that higher taxes are bad for the economy. And he’s pretty much caved in to the Republican contention that nothing big can done to improve the unemployment picture.

So what’s his next cave-in on the economy? Apparently this. I guess regulatory uncertainty is what’s holding us back after all. So much for the agenda-setting power of the presidency.

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THE TRUTH...

is the first thing despots go after. An unwavering commitment to it is probably what draws you to Mother Jones' journalism. And as we're seeing in the US and the world around, authoritarians seek to poison the discourse and the way we relate to each other because they can't stand people coming together around a shared sense of the truth—it's a huge threat to them.

Which is also a pretty great way to describe Mother Jones' mission: People coming together around the truth to hold power accountable.

And right now, we need to raise about $400,000 from our online readers over the next two months to hit our annual goal and make good on that mission. Read more about the information war we find ourselves in and how people-powered, independent reporting can and must rise to the challenge—and please support our team's truth-telling journalism with a donation if you can right now.

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