September 3, 2008

Why the American Dream Is Bigger than Palin or McCain

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Below is a guest blog entry by economist and MoJo author Nomi Prins:

At some point today, (around the time I noticed Lindsay Lohan weighing in), I got hit with Sarah Palin overload.

Then, I realized that Palin’s omnipresence isn’t about John McCain or Barack Obama, or even this week’s RNC. It’s not about her experience or stance on issues. It’s about the “Pop” American Dream.

The old American Dream is dying. Rampant economic inequality makes the cost of working hard to achieve prohibitive. In a culture where more people vote for the next American Idol than for the next president, no wonder Sarah Palin is the top story: She defines the new American Dream, where leaping to the top against all odds is the end goal in itself. Of course there are voters appalled that someone ‘like her’ can be a ‘heartbeat away from the presidency.’ But there are also plenty of voters delighted that someone ‘like her’ has a shot at the ultimate American Dream—a spot in the White House.

Beneath the Palin hue and cry lie issues that will determine the next American Dream for 99 percent of America.

Those issues include the housing foreclosure and default crisis and the exponential growth in credit card debt. And they include a need to shift the tax burden, health care costs, and retirement risk away from the middle and poorer classes—so that they can afford an American Dream built on dedicated hard work.

That’s why it’s so important we get back to debating the issues, rather than Sarah Palin’s personal life.

—Nomi Prins

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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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