Thursday, June 03, 2010

Obama's FTC plan to reinvent America's news media

The left wing media annoited Obama and now, it's payback time.

What's widely-known is that Americans are not buying newspapers anymore in droves.

What hasn't been widely-known, until now, is that a year ago the new Democrat administration of Barack Obama launched a major internal study intended to design a major government rescue plan for the nation's financially-troubled information media, primarily newspapers.

That strident sound you hear are the alarms going off in minds and offices across the country: Government helping the press? Which press? How help? In return for what?

Well, two years ago who'd have thought the feds would own General Motors with major holdings in a bunch of banks and financial institutions, reshaped the healthcare industry, spent $787 billion on who-knows-what to create some jobs, have rewritten a package of new financial regulations to corral Wall Street and still not be securing the U.S.-Mexico border?

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