Bailing out newspapers?

by Eugene on September 21, 2009

in Economy

President Obama is open to bailout assistance to failing newspapers as long as they restructure as a nonprofit organization. Yes, another hint of the president’s socialist and anti-capitalist ideals rearing its ugly head. But even more insulting is his reasoning:

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.

Ridiculous! It’s the mainstream media that isn’t doing the fact checking and writing news that’s liberal opinions. Remember “Rathergate“? It was the blogosphere that did the fact checking to expose CBS News’ journalistic ineptitude. The irony? Most bloggers aren’t journalists by profession.

Why are newspapers in decline? Why are people flocking to blogs for their daily dose of news? Because people are tired of the same old liberal spin put out by newspapers. The blogosphere is a breath of fresh air.

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