Watch: DC’s Stockholm Syndrome

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We’ve getting emails all weeekend from friends, family, MoJo readers, and random strangers about David Corn and Kevin Drum‘s turn on Bill Moyers’ Journal. It was really an astonishingly good show, and well worth watching in the context of… just about everything happening in Washington right now. Take your pick: Today, there’s a kerfuffle about the shadow of the possibility of a financial transaction fee, a tiny amount the government could collect from banks to get a little something back for taxpayers–or, more to the point, for our children, who will be paying for the deficit we ran up for the bailout. (Yes, some banks are repaying TARP money, but do you know just how tiny fraction of the total bailout that is? Our handy chart, along with lots more data geekery on shameless bonuses and such, is here. The “Too Big to Jail” package that inspired Moyers to ask Kevin and David to come on is here.) As with every other proposal to make Big Finance bear any part of the burden for the disaster it has caused, this won’t fly unless politicians feel they have more to lose from satisfying Wall Street than they do from offending it. So watch the show and forward it to your friends. It’s as informative as it is outrage-building—and on this topic, we could use more information and more outrage

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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