View Full Version : Failed Liberal Newspapers Earn Boot, Not Bailout

05-12-2009, 11:46 AM
Todays lesson - same as yesterday! Never let a crisis go to waste (http://www.bloomberg.com/apps/news?pid=20601039&sid=aGEgW.dUp_4Y&refer=home)

This is definately a higher priority than the war on man made disasters!

When last week’s employment report came in a tad better than expected, it sent a chill through the hearts of Washington’s Democrats.

If the recession ends, then the bailout frenzy will end, and it will be much harder to hand out taxpayers’ cash to political allies. With time running out on the crisis atmosphere, our hard-working public servants put in overtime last week to introduce to the public the next bailout candidate: the liberal newspapers.

Former Los Angeles Times columnist Rosa Brooks captured the mood well in her final column before joining the Obama administration. “It’s time for a government bailout of journalism,” she wrote, citing such possible steps as tax credits for newspaper subscriptions and more funding for public broadcasting. The parent company of the Times, by the way, is already in bankruptcy.

Senator John Kerry, Democrat of Massachusetts, held hearings last week to lay the foundation for a newspaper bailout. He is anxious about the fate of the Boston Globe, which is projected to lose $85 million this year, and he has argued for relaxing antitrust legislation that limits ownership of local media outlets.

Such a relaxation might allow for substantial consolidation in the news industry, which would, not insignificantly, advantage newspaper owners vis-à-vis their workers.

It seems to be acceptable in Democratic circles for an employer to take a hard line against workers, so long as that employer serves the greater political good. Which explains why nobody was dragged before an angry panel when the New York Times Co., owner of the Globe, walloped workers there.

‘Corporate Hardball’

Interestingly, the news isn’t bad everywhere. In a pattern that is reminiscent of Fox News’ climb to television dominance, circulation for the right-leaning Wall Street Journal increased last year.

An October 2008 poll by the Pew Research Center for the People and the Press found that, by a margin of 70 percent to 9 percent, American voters “overwhelmingly believe that the media wants Barack Obama to win the presidential election.”

With numbers that lopsided, is it any wonder that newspaper subscriptions are waning? How can you trust a news source that has established bias so convincingly?

If the Democrats succeed in passing a bailout package for newspapers, the potential for political harm will be unbounded.