RSSNow Government is in the Business of Bailing Out Failed Newspapers … The Cardin Newspaper Revitalization Act
Why do Democrats want to subsidize and prop up failing newspapers?
A bailout for Newspapers? Surely you can’t be serious. The Cardin Newspaper Revitalization Act would do just that. We will now waste tax payer dollars on institutions that have become obsolete. There is a reason why print news is falling by the wayside, it’s called the internet. Funny, I do not remember the Democrats trying to keep 8 track tapes in business. What could possibly be the motivation for Democrats? Could it possibly be it’s because the newspaper is their mouthpiece?
With many U.S. newspapers struggling to survive, a Democratic senator on Tuesday introduced a bill to help them by allowing newspaper companies to restructure as nonprofits with a variety of tax breaks.
“This may not be the optimal choice for some major newspapers or corporate media chains but it should be an option for many newspapers that are struggling to stay afloat,” said Senator Benjamin Cardin.
A Cardin spokesman said the bill had yet to attract any co-sponsors, but had sparked plenty of interest within the media, which has seen plunging revenues and many journalist layoffs.
Cardin’s Newspaper Revitalization Act would allow newspapers to operate as nonprofits for educational purposes under the U.S. tax code, giving them a similar status to public broadcasting companies.
Under this arrangement, newspapers would still be free to report on all issues, including political campaigns. But they would be prohibited from making political endorsements.
Advertising and subscription revenue would be tax exempt, and contributions to support news coverage or operations could be tax deductible.
Bias politically leaning newspapers will be given tax exempt status!!! Unreal. Believe it or not, things are allowed to fail, it’s called the marketplace.
State owned newspapers, SAY NO … propaganda at it’s worst.
How else could a democratic party get the propaganda out without having newspapers there to get the talking points out. As Michelle Malkin writes, and so, it has come to pass that we will now bailout failing newspapers.
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14 Responses to “Now Government is in the Business of Bailing Out Failed Newspapers … The Cardin Newspaper Revitalization Act”
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We’re all so completely disgusted in the “Bail Out” Mania….any day now—will we be hearing about bail out plans to include, hmnnnn…..rehabilitation for incarcerated child molesters & convicted sex offenders, free housing for ex-cons (murderers, rapists, drug-dealers)…free health clinics with complete medical services for every junkie & crack addict that walks the streets (while hard working families (AMERICAN CITIZENS) and their children can’t even get medical benefits)don’t forget more programs and rights for all the ILLEGAL ALIENS in this country, too! Let’s throw them a few million just for being here!! ……where does it all stop?? Let’s carry the entire debt of our sinking & shrinking Nation on our backs…we, the lowly Tax-Payers ?? Banks! Failed conglomerate Businesses! Car Manufacturers! Newspapers!
Our heads are spinning…is there no end to this madness?
“Obama Plans ‘a Way to Hell’”
“Americans will need liquidity to finance all their measures and they will balance this with the sale of their bonds but this will undermine the stability of the global financial market,” said Topolanek.
http://www.foxnews.com/story/0,2933,510445,00.html
Paper mills have consolidated over the past few years, paper prices have skyrocketed. Perhaps Obama should be finding a way to recover from the effects of large global corporations that put a damper on ‘fair trade’ and place profits for a few ahead of prosperity for billions world-wide.
jmho
#1: it just might happen since barry has his thugs from acorn soliciting votes from imprisoned convicts. wonder how many cartons of cigarettes this cost the dumbocrats ?
Disgusting. What more can I say. I’m soooo sick of this bailout any business that fails. Guess we should all look at failure as the new way to succeed.
I thought that the electronic media was going to save the trees, now we got to fund the news papers that are destroying them?
This just in; Chia Pet sales are down due to the economy….
He needs to keep the media on his side. what better way than to give them money?
I’m quite sick of all of it.. Does these people really believe that someday we aren’t going to get the bill for all this spending? It’s beyond crazy now.
Don’t forget, the Post Office is set to crash before this year is out. They need a bail out.
The honorable Captain Sullenberger that saved
150 lives by crash landing in the Hudson River
recently spoke about how the airline industry
is in shambles. They can’t attract decent pilot
talent, and it has been going on for decades.
Dunno about you, but I could give a hoot if Paris Hilton has no talent. However, when it comes to
my airline pilot… I am looking for a good song
and dance!
Debt is THE ULTIMATE DESTROYER. Get your financial house in order PRONTO. Own everything.
Pay it off ASAP. If that is not possible for you,
file for bankruptcy. You will live. Many people
have had to do it and they go on.
The American Dream was JUST THAT, an American Dream. A FARCE that some fat ass elite banker
thought up in order to keep your money flowing
into the International Monetary Fund.
This has been happening since the beginning of the idea for money. It is why they created it.
You can’t control all the religions. You cannot
imprison and kill off everyone who does not agree
with you, although Hitler took a good whack at it.
So, you issue money. Encourage loans with lots of interest that some (many) will never have a
prayer of paying back in their lifetime.
Then tax the chit out of everything that
breathes… hey, let’s even tax it when
someone dies! We shall call it “THE ESTATE TAX.”
What do you NEED? Do you need what you simply WANT? Some people have confused the two these
days and they are sleepwalking like zombies
right into their own demise.
Obama is pouring gasoline on some fires that have been out of control for too long already.
Money is not evil. It is the intentions of those that control THE GAME at the highest level that should concern you the most.
When the highest official in your nation breaks
longstanding laws everyday, and then goes on Government run television (all channels FCC licensed) to justify breaking those laws to help you out… you need to grab yourself a water & sit and have a good long think about that.
How much different is that from what Rod Blagojevich and Bernie Madoff were doing?
NO DIFFERENCE. Do you solemnly swear to tell the
whole truth and nothing but the truth, except when it helps a brotha out?
i find it hard to believe that every firearm in a mexican hand comes from the US ! wanna bet that we will be bailing mexico out of their drug cartel problems ?
hillary clinton is about as stupid as her boss.
you know, all we have to do is to stop them from crossing our borders ! but let’s get them to buy a house and give them a free green card. our government is the key to all our problems.
Carpe says:
“Money is not evil. It is the intentions of those that control THE GAME at the highest level that should concern you the most.
When the highest official in your nation breaks
longstanding laws everyday, and then goes on Government run television (all channels FCC licensed) to justify breaking those laws to help you out… you need to grab yourself a water & sit and have a good long think about that.”
We hear you, Brotha! LOUD & CLEAR. IMO, these 2 paragraphs sum it all up nicely…right on point.
Where is all the tax breaks for the middle class that Obama promised. He said that by spreading the wealth it helps everyone. WHAT A CROCK! If that’s the case then why is my husband having take a 5% pay reduction in order to keep his job? Thanks Barry for looking out for the working folks and all the while AIG is giving their executives big time bonuses. Congress is giving themselves raises. Speaker of the house is flying around on jets the Obama’s are throwing parties every week and some of us are struggling to pay our bills and put food on the table. Yup, he’s really helping us out.
I’m totally disgusted with the entire administration and their nonchalant attitude about this country’s problems. Barry boy is making jokes and smiling like he doesn’t have a care in the world.
This has to stop NOW!
I heared on the news here that GoldmanSachs decided to buy some new jets.
correct?
How long before the Govt owns and operates everything???. We are headed down a very slippery slope.