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Thread: Lawmakers Slam Newspaper Bailout

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    Jul 2009
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    03-17-18 @ 05:08 PM

    Lawmakers Slam Newspaper Bailout

    1. The Economic Committee hearing for the Newspaper Revitalization Act was BOYCOTTED by 17 of 20 members Thursday.

    2. Ouch.

    3. Talk about going nowhere.

    4. That trial balloon POPPED in less than ONE WEEK.

    5. Indeed, the dem chairwoman and bill co-sponsor actually walked out of the meeting, leaving the ranking Republican in charge.

    6. When she returned Ms Maloney of NY said, "I want to be very clear: this is not about bailouts, no one's talking about bailouts."

    7. Of course, she was speaking to only two congressmembers present.

    8. LOL!

    9. Indeed, the president of the Newspaper Association of America testified at Thursday's ghost-town-like hearing, "we don't believe direct governmental financing is appropriate for an industry whose core mission is news-gathering, analysis and dissemination, often involving that very same government."

    10. Even the industry itself recognizes the blatant conflict of interest.

    11. The Philadelphia Inquirer, Seattle Post-Intelligencer, Rocky Mountain News, SF Chron and Baltimore Sun were singled out and named by Ms Maloney as papers in peril of collapse.

    12. "Unless something is done, and done fast, it's likely that many metropolitan areas may soon have no local daily newspapers," the chair continued in the empty room.

    13. And yet, "The Future of Newspapers'" suggested solution was certainly, substantially slain by silence.

    14. What a stupid conceit, I wonder who thought of it.

    15. Oh, yeah, that's right:

    Obama open to newspaper bailout bill - The Hill's Blog Briefing Room

    16. President Oblivious just 5 days ago declared his inclination for this idiocy.

    17. "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.

    18. Dang, this guy can't even BUY a hopeful headline.

    19. Criticizing Obtuse Obama is becoming easier than butchering bluefish in a barrel.

    20. Let the newspaper bailout take its place silently beside cap and trade, the public option, the CIA investigation, closing Gitmo, reversing the Patriot Act, ending Don't Ask Don't Tell, paygo, personal diplomacy with Iran, cutting the deficit in half---all agenda items already irrelevant.

    Judging from the turnout Thursday by members of the Joint Economic Committee for a hearing titled "The Future of Newspapers: The Impact on the Economy and Democracy," lawmakers on Capitol Hill are not too keen to help an industry that is often critical of lawmakers on Capitol Hill.

    Just three of 20 House and Senate members showed up for the hearing, in which the Democratic chairwoman left early to vote on a House bill, leaving the ranking Republican in charge. But after Rep. Carolyn B. Maloney of New York returned, she emphatically declared what the hearing was most definitely not about.

    "I want to be very clear: This is not about bailouts. No one's talking about bailouts. We're through with bailouts," she said to the two other committee members who bothered to show up.
    Lawmakers slam newspaper bailout idea - Washington Times

    The Prof
    Last edited by The Prof; 09-25-09 at 08:34 PM.

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