Mitt Romney Winning the Race for the 1 Percent


The Washington Post reports today that Barack Obama has received donations from 30 billionaires while Mitt Romney has received donations from 42 billionaires. Ho hum. But there’s this fascinating little tidbit halfway through the story:

Romney has attracted the support of Redskins owner Dan Snyder and other billionaires, including California real estate developer Donald Bren, who is worth $12 billion, and developer and publisher Sam Zell, who is worth $5 billion.

As a lifelong reader of the Los Angeles Times, I’d say that the support of Sam Zell ought to be reason enough to disqualify anyone from the presidency. I suppose there’s a good chance that he’s not actually much more of an asshole than hundreds of other billionaires, but he sure went out of his way to make it more obvious than usual. He’s just lucky that LA also has Frank McCourt around, which means there’s at least one zillionaire here that we all hate even more.

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

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