The Spending Spree Continues: Talks of Newspaper Bailout
The president said he is “happy to look at” bills before Congress that would give struggling news organizations tax breaks if they were to restructure as nonprofit businesses.
“I haven’t seen detailed proposals yet, but I’ll be happy to look at them,” Obama told the editors of the Pittsburgh Post-Gazette and Toledo Blade in an interview.
Sen. Ben Cardin (D-Md.) has introduced S. 673, the so-called “Newspaper Revitalization Act,” that would give outlets tax deals if they were to restructure as 501(c)(3) corporations. That bill has so far attracted one cosponsor, Cardin’s Maryland colleague Sen. Barbara Mikulski (D).
White House Press Secretary Robert Gibbs had played down the possibility of government assistance for news organizations, which have been hit by an economic downturn and dwindling ad revenue.
In early May, Gibbs said that while he hadn’t asked the president specifically about bailout options for newspapers, “I don’t know what, in all honesty, government can do about it.”
Obama said that good journalism is “critical to the health of our democracy,” but expressed concern toward growing tends in reporting — especially on political blogs, from which a groundswell of support for his campaign emerged during the presidential election.
“I am concerned that if the direction of the news is all blogosphere, all opinions, with no serious fact-checking, no serious attempts to put stories in context, that what you will end up getting is people shouting at each other across the void but not a lot of mutual understanding,” he said.
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fuck newspapers
“I am concerned that if the direction of the news is all blogosphere, all opinions, with no serious fact-checking, no serious attempts to put stories in context, that what you will end up getting is people shouting at each other across the void but not a lot of mutual understanding,” he said.
You don’t have serious fact checking now. All opinions, with no serious attempt to put stories in context. Yes, sounds like most newspapers.
Hell…worse than that. They won’t even report stories that run counter to theirs and dear leader’s agenda.
Newspapers restructured as non-profits, something doesn’t sound right about that.
HA the new acorn this will instantly cost us millions and all the little nuts will have a new place to hang out.
With new T shirts too
Of course Barry would be ‘happy to look at it’…
From a 2001 interview:
Bill O’Reilly: “… Do you think Bill Clinton is an honest person?”
Dan Rather: “Yes I do…. I think one can be an honest person and lie about any number of things.”
The Marxists need their
media apologist ass-kissers.
too slick to wipe my ass with…have no use for them
We started down that road now there is no going back. This is how the empire will fall, massively loose fiscal policy. Handouts and bailouts galore as long as those groups promise to give alot of it back in the form of campaign contributions. Basically the democraps are bailing out themselves to the tune of trillions.
The democrats and their international group of banksters own us, we are their debt slaves. Time to round them all up and string em up high, folks.
I want a bail out….I need a new Corvette ZR1….
I’d rather just contribute to patdollard.com thanks.
Mark Twain had said that to not read the newspapers is to be not be informed; whoile reading the newspapers is to be sadly misinformed. It is tragic that the status of news reporting (HA! I can’t say that with a straight face) reporting media can not improve their image in more than 100 years …