Obama: I'd be happy to look at newspaper bailout bills

[WatchManUSA]

Well now Obama has the First Amendment of the Constitution under attack.  It appears as if Obama Maximus has lined up Maryland Senator Benjamin Cardin to bailout failing newspapers.  For justification, Obama Maximus cites concern over the blogosphere and that there is no serious fact-checking.

Oh, yah, like a government beholding newspaper would be interested in facts!

From the Digital Journal: http://www.digitaljournal.com/article/279512

“Senator Cardin's newspaper bailout concept - that offers tax incentives for local newspapers that restructure as non-profit organizations - has received renewed attention, as President Obama says he'd be 'happy to look at' newspaper bailout bills.

Senator Cardin has been working to structure legislation that would reward local news organizations if they were to restructure as non-profit organizations - and not endorse political candidates.

"We are losing our newspaper industry," Cardin told Reuters earlier this year.

"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," Obama said.”

Senator Cardin’s Press Release: http://cardin.senate.gov/news/record.cfm?id=310392

PDF of Senator Cardin’s Bill: http://cardin.senate.gov/pdfs/newspaperbill.pdf

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The reason for the demise of the print media is 3-fold:

1)  24-hour a day news available on television
2)  The internet.  Why pay for a paper when news on the web is free?
3)  The liberal bias exhibited by the majority of the lamestream media has pissed people off to the point that they don't waste their time.


If newspapers wish to survive they need to change their business model to reflect the times in which we live.  I, for one, do NOT wish to see my tax dollars prop up a failing media source.