WWE CEO Linda McMahon to Slam Dodd

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It’s no surprise that Connecticut Sen. Chris Dodd is in trouble. Chairman of the Senate banking committee—during the worst banking crisis in recent history—is not exactly a desirable job. But Dodd can’t seem to catch a break. In June of last year, it surfaced that he received favors from the mortgage company Countrywide Financial as part of the “Friends of Angelo” program, which waived fees and rules for prominent businessmen and politicians close to the company’s chief executive Angelo Mozilo.

With his approval ratings tanking, there has been much speculation about who the GOP will tap to oust Dodd in the 2010 midterm elections. Former Rep. Rob Simmons is the most likely challenger—a recent Daily Kos/Research 2000 poll shows Simmons beating Dodd in a dead heat. But Simmons and Dodd should get ready to rumble, because the uber-rich World Wrestling Entertainment (WWE) CEO Linda McMahon is likely to join the fight to tag team Dodd. Her spokesman is already talking smack against McMahon’s future rivals: “She plays to win, so if she gets in, she’s in all the way. She has the capacity to bring considerable resources to the race, and she has an established record.”

McMahon’s plan to take Dodd to the ropes comes as he draws criticism from all sides. Controversial documentary film maker (and one-time Mother Jones editor) Michael Moore takes aim at Dodd in his new film “Capitalism: A Love Story.” Speaking to the Washington Post this week, Moore said Dems should ask Dodd to step aside to keep the GOP out of Connecticut. “I don’t know why they’d risk losing that seat just because they’re afraid to tell him not to run,” he said.

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WE'LL BE BLUNT.

We have a considerable $390,000 gap in our online fundraising budget that we have to close by June 30. There is no wiggle room, we've already cut everything we can, and we urgently need more readers to pitch in—especially from this specific blurb you're reading right now.

We'll also be quite transparent and level-headed with you about this.

In "News Never Pays," our fearless CEO, Monika Bauerlein, connects the dots on several concerning media trends that, taken together, expose the fallacy behind the tragic state of journalism right now: That the marketplace will take care of providing the free and independent press citizens in a democracy need, and the Next New Thing to invest millions in will fix the problem. Bottom line: Journalism that serves the people needs the support of the people. That's the Next New Thing.

And it's what MoJo and our community of readers have been doing for 47 years now.

But staying afloat is harder than ever.

In "This Is Not a Crisis. It's The New Normal," we explain, as matter-of-factly as we can, what exactly our finances look like, why this moment is particularly urgent, and how we can best communicate that without screaming OMG PLEASE HELP over and over. We also touch on our history and how our nonprofit model makes Mother Jones different than most of the news out there: Letting us go deep, focus on underreported beats, and bring unique perspectives to the day's news.

You're here for reporting like that, not fundraising, but one cannot exist without the other, and it's vitally important that we hit our intimidating $390,000 number in online donations by June 30.

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