Money, It’s a Gas: Grab That Cash With Both Hands and Make a Stash


Interesting notes from the presidential fundraising numbers for the third quarter that were released today:

– When identifying the corporation or other entity that gave most to a candidate, the answer usually turns out to be a finance company, a law firm, or some other major corporate interest. Hillary Clinton, for example, raised an astonishing $207,670 from employees of Morgan Stanley, $186,540 from employees of Goldman Sachs, and $96,015 from employees of Citigroup. Not Ron Paul. The oft-slighted Republican congressman from Texas raised more money from members of the U.S. Army than from anywhere else. (This is no surprise to readers of MoJoBlog.) The entity supplying the second most? Google.

– Mitt Romney is also an exception. He gets more money from employees of The Villages, a Florida retirement community, than anywhere else. Romney has loaned a whopping $17.4 million of his own money to the campaign. Meanwhile, he only has $9.2 million in cash-on-hand. Without his own personal wealth propping up the campaign, Romney is in McCain territory.

– Speaking of, John McCain is in debt (and I grow sad). The man from Arizona has roughly $1.6 million to spend in the primary, but $1.7 million in debts. Not. Good.

– Gov. Bill Richardson drew more money from New Mexico state employees than from employees of any other entity.

– Republican Duncan Hunter has yet to top $2 million for the entire campaign. Mike Huckabee, who really checks all the boxes for the Republican base, can’t get it going either. He’s only raised $2.3 million for the campaign. When do we get to drop-out territory?

One More Thing

And it's a big one. Mother Jones is launching a new Corruption Project to do deep, time-intensive reporting on the corruption that is both the cause and result of the crisis in our democracy.

The more we thought about how Mother Jones can have the most impact right now, the more we realized that so many stories come down to corruption: People with wealth and power putting their interests first—and often getting away with it.

Our goal is to understand how we got here and how we might get out. We're aiming to create a reporting position dedicated to uncovering corruption, build a team, and let them investigate for a year—publishing our stories in a concerted window: a special issue of our magazine, video and podcast series, and a dedicated online portal so they don't get lost in the daily deluge of headlines and breaking news.

We want to go all in, and we've got seed funding to get started—but we're looking to raise $500,000 in donations this spring so we can go even bigger. You can read about why we think this project is what the moment demands and what we hope to accomplish—and if you like how it sounds, please help us go big with a tax-deductible donation today.

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