Bad News for Jobs, and Sanity

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You may have heard the big news of the day: the unemployment rate has risen to 7.6 percent. That’s a product of the American economy losing 598,000 jobs in January, the worst monthly jobs loss since 1974 (I know, the workforce has grown since then). That figure means the economy has lost 1.8 million jobs in the last three months and 3.6 million jobs in the year+ since December 2007.

job_chart_nyt.jpg

Meanwhile, congressional Republicans are insisting that there is no reason to rush on the stimulus bill. Take a gander at this video compilation from Think Progress:

Pass this sucker, today!

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We've never been very good at being conservative.

And usually, that serves us well in doing the ambitious, hard-hitting journalism that you turn to Mother Jones for. But it also means we can't afford to come up short when it comes to scratching together the funds it takes to keep our team firing on all cylinders, and the truth is, we finished our budgeting cycle on June 30 about $100,000 short of our online goal.

This is no time to come up short. It's time to fight like hell, as our namesake would tell us to do, for a democracy where minority rule cannot impose an extreme agenda, where facts matter, and where accountability has a chance at the polls and in the press. If you value our reporting and you can right now, please help us dig out of the $100,000 hole we're starting our new budgeting cycle in with an always-needed and always-appreciated donation today.

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