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View Full Version : Some Bad Thoughts (why La Times Won't Release Tape)



megimoo
10-30-2008, 05:10 PM
Now here's a subversive little thought about that Khalidi tape that the Los Angeles Times is guarding like a cargo of plutonium.

Item: The Los Angeles Times is owned by the Tribune Co.
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Item: The Tribune Co. is based in Chicago.
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Item: "In 2008, Tribune is struggling under a $13 billion debt load, much of it incurred in taking the company private in 2007, and from plummeting advertising income at its newspapers." (Wikipedia. A business friend tells me the current figure is actually $14.7 billion.)
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Item: Tribune Chairman and CEO Sam Zell is a major Republican donor. Why would he not want his paper to release the Khalidi tape?
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Item: The federal government is sitting on a bailout fund of $700 billion.
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Item: It's not likely the Treasury can disburse more than one or two hundred billion of that before the next administration comes in.
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Item: The next administration will therefore have at least half a trillion greenies to hand out to anyone it deems worthy of being bailed out. Anyone there are no hard and fast rules.
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Item: 14.7 billion is a very small proportion less than three percent of half a trillion.
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When Sam Zell's office was called and asked about this (by a friend of mine who requests deep anonymity), they said the thought was ridiculous.

Which of course it is. Perfectly ridiculous. Utterly, impossibly ridiculous. Preposterous. Totally preposterous (Rinse and repeat.)
http://corner.nationalreview.com/archives/