CounterPunch, the muckraking political newsletter founded in 1994 by investigative journalist Jeffrey St. Clair and recently deceased iconoclast Alexander Cockburn, claims it has paid a “savage price” for maintaining its deeply critical view of President Obama during the 2012 presidential campaign season.

— Posted by Alexander Reed Kelly.

CounterPunch:

When most of the progressive gliterrati, from The Nation, Bruce Springsteen and Michael Moore to Rebecca Solnit and Bill McKibben, turned tail and began frantically urging their readers to swallow their bile and support Obama, CounterPunch stood firm. And we’ve paid a savage price. We’ve lost big donors. We’ve lost subscribers. We’ve been rejected by liberal foundations. But we didn’t back down. We’ve never backed down. And you can count on us not to back down now that Obama and his neoliberal claque are returning for another four years of budget cuts, bailouts and kill lists. But we need your help. Now.

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