The British Bailout

Thermometer Test

Right now is no time to come up short.

It's time to fight like hell for a democracy where minority rule cannot impose an extreme and cruel agenda, where the Big Lie is called a Big Lie, where facts matter, and where accountability at the polls and in the press has a fighting chance. We have our work cut out for us, and we urgently need to raise about 400,000 by Thursday, June 30, to finish our fiscal year on track and give it everything we possibly can. Please help us get there with a donation if you can right now.

$1,150,000

$1,350,000

Right now is no time to come up short. It's time to fight like hell for a democracy where minority rule cannot impose an extreme and cruel agenda, where facts matter, and where accountability at the polls and in the press has a fighting chance. We have our work cut out for us, and we still need to raise upwards of 400,000 by June 30 to give it everything we can. Please help:

Fight disinformation: Sign up for the free Mother Jones Daily newsletter and follow the news that matters.

THE BRITISH BAILOUT….From the Guardian:

Gordon Brown will announce plans today to use up to £50bn of taxpayers’ money to take major stakes in the high street banks in a last-ditch attempt to restore confidence in the financial system.

Adjusted for the size of our respective economies, this is about the equivalent of $500 billion. In other words, nearly as big as the Paulson bailout. In other words, big.

However, they’re using their money to recapitalize banks, not to buy up troubled assets. Paul Krugman approves.