Posted by CrabbyCon on March 25, 2009 · 1 Comment
The only thing most of the newspapers (esp. those who are already “part” of the DNC) are good for is toilet paper, or at least some sort of “cover” for my puppy who is still learning how to properly go outside rather than my kitchen floor. Actually, newspaper is good for fireplace kindling as well – but I tend to use coupons and advertisements since I refuse to subsribe to certain “rags.”
However, there is a U.S. Bill that is seeking to rescue these failing newspapers. What happened to our capitalist society or following free market principles? My head is raw these days from so much scratching.
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.
I am totally ashamed to admit that I reside in Maryland. I hope that someone gets up and runs against old Ben Cardin as well as Ms. Toadstool Mikulski. The Maryland senators are just as far left and liberal as the rest of the yahoos running congress. The Baltimore Sun, for example, has been on the liberal dole for ages – they were even behind the Michael Steele debacle when he was running for office and giving a speech – to have people come to the event and throw Oreo cookies at him. That’s not racist at all, right democrats?? Can’t be racist when you’re just doing it to someone with an “R” after their name/sarc.
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Filed under General · Tagged with bailout, Cardin, Communism, Conflict of Interest, Democrats, Maryland, Media, Media, Newspaper, senate, Socialism