Newspaper Bailout: Obama Now Looks to Pay Off Yet another Democrat Constituency with Your Tax Dollars

The bailouts and the stimulus package have been nothing but Obama paying back his cronies for their political support. Now comes word that Obama will look to do the same with you tax dollars and bail out newspapers.

As if US tax payers have not bailed out enough failing corporations, now Barack Obama says he is open to bailing out newspapers. Government subsidized and therefore newspapers beholden to the state?  Unbelievable. The newspaper industry is part of the old media and going the way of the do do bird, yet Obama looks to keep them running so that the liberal newspaper media can continue to run cover for Democrats. It is not as if the current recession is responsible for the loss of readership of newspapers, they have been failing for years as individuals look to new media to get their news.

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.

When will this insane spending by this socialist President stop? “We the People” are you mad? You should be. What is next, will Obama bail out the 8–track tape and beta-max suppliers? He would if they were run by Democrat constituencies. Industries must be allowed to succeed, fail or become obsolete. It is not governments business to bail every failing industry out with our money.

Barack Obama hates blogs because this President hates free speech. Let’s just come out and say it, this President cannot stand the First Amendment and the blogs because they dare be critical of him. How thin skinned, sophomoric and pathetic could Obama be? If Obama believes that “good journalism is critical to the health of our democracy,” then he should be singing the praises of the ACORN scandal and Van Jones resignation both outed by the blogs.

Obama should be singing the praised of the Tea Party movement which represents American democracy in action. Instead, he is outraged because “We the People” actually have a media platform that he cannot control. Instead, Obama continues to show disdain to the voice of the people. As Jammie Wearing Fool states, if Obama thinks his poll numbers are bad now, wait until he attempts this folly with American’s tax dollars.

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.

Obama stated the following statement. Was he being sarcastic? Sadly, the answer is no. As Wizbang asks and we second the question, what journalistic integrity, fact based reporting and serious investigative reporting is Obama referring to that newspapers do? What a joke.

“Journalistic integrity, you know, fact-based reporting, serious investigative reporting, how to retain those ethics in all these different new media and how to make sure that it’s paid for, is really a challenge,”

We have known for quite some time that the newspapers act like state run media, they can at least pretend not to be such shills. Take government money and a newspaper becomes nothing more than propaganda with no credibility.