June 6, 2014

Here’s One Big Reason the Economy Is Still Treading Water


David Leonhardt passes along this chart today, and it’s one of the most important ones you’ll see. It was my candidate for chart of the year in 2013.

What it shows is unprecedented: government employment fell during an economic recovery. This has never happened before in recent history. Employment rose during the Reagan recovery. It rose during the Clinton recovery. It rose during the Bush recovery. And that’s one of the reasons those recoveries were fairly strong.

Only during the Obama recovery did austerity fever force government employment to fall. It’s not the only reason this recovery has been so weak, but it’s certainly one of the leading causes. More here.

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WE CAME UP SHORT.

We just wrapped up a shorter-than-normal, urgent-as-ever fundraising drive and we came up about $45,000 short of our $300,000 goal.

That means we're going to have upwards of $350,000, maybe more, to raise in online donations between now and June 30, when our fiscal year ends and we have to get to break-even. And even though there's zero cushion to miss the mark, we won't be all that in your face about our fundraising again until June.

So we urgently need this specific ask, what you're reading right now, to start bringing in more donations than it ever has. The reality, for these next few months and next few years, is that we have to start finding ways to grow our online supporter base in a big way—and we're optimistic we can keep making real headway by being real with you about this.

Because the bottom line: Corporations and powerful people with deep pockets will never sustain the type of journalism Mother Jones exists to do. The only investors who won’t let independent, investigative journalism down are the people who actually care about its future—you.

And we hope you might consider pitching in before moving on to whatever it is you're about to do next. We really need to see if we'll be able to raise more with this real estate on a daily basis than we have been, so we're hoping to see a promising start.

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