And the Money Kept Rolling In…


Well, for all the concerns and hand-wringing of various Democrats over the past half-year, it seems that Howard Dean is performing just fine as chief fundraiser for the DNC. Here is the FEC report:

During the first six months of 2005, federally registered Republican party committees raised $142.7 million and spent $98.1 million, while the Democratic committees raised $86.3 million and spent $60.2 million. This is a 2% increase in receipts for Republicans when compared to the same period in 2003 and a 53% increase for Democrats. When compared to the same period in 2001, the last non-presidential cycle, Republicans registered a 50% increase in federal receipts, while the Democrats showed a 113% increase.

The Republican party, quite clearly, has a huge lead in fundraising, but Democrats are closing the gap decently enough. Interestingly, the gap used to be much, much larger—poking around through the charts, back in 1989 the RNC was raising six times as much money as the DNC ($18 million to about $3 million.) This despite the fact that the party is out of power and presumably gets fewer donations from corporate donors. (Although, Democratic votes for the recent bankruptcy bill no doubt helped peel off a few bucks from MNBA and other financial companies.) Anyway, a lot of money sloshing around there…

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.

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Signed by Clara Jeffery

Clara Jeffery, Editor-in-Chief

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