With the swift moving Keynesian influenced president named Barack Obama, it appears as though the newspaper industry will soon dispatch its payroll towards the land of government sponsored handouts. By applying for those temporary remedies, this struggling industry potentially sets itself up with corrupt money as an exchange for editorial manipulation.
Me and well as many others are very strongly dead set against the idea of bailing out any sector or any micro-sector of the economy. We feel violated because the responsibility of self-reliance endorsed by Benjamen Franklin is vetoed by allowing the idea of "theft" to be funded by the people.
Yes sir... the macro-economy has been lately headed down the collective crap hole. Yes sir... the print industry has not fared an iota better than any other financial sector. Unlike any other division in our micro-economy, an entitlement program could potentially set a very extremely dangerous precedence in the media industry.
Amidst the cold days and nights of the authoritarian Soviet Empire, fearful journalists were required to dutifully dispatch their articles in a government approved blueprint. Harsh punishments were administered to those so called dissidents, because they did not follow the draconian government protocol.
Flash forward to almost any modern day American newspaper. This hard pressed industry has not only covered the current global financial downward spiral, but are also feeling its blood oozing in painful real time. The Detroit Free Press has reduced itself to a part-time, three day a week publication. Meanwhile, the New York Times has to use their new state of the art headquarters as collateral against a loan, while the Chicago Tribune is hemoraging green even after making a recent format change.
Despite the fact that the rapidly descending newspaper industry proclaims that it needs to extend their heavily ink smudged fingers towards government entitlements, their editors ought to take a moral stance by proclaiming, You take a bailout, and I resign! By allowing newspapers or any other private media outlets to accept nanny state handouts, the publication house becomes a servant to the government while losing its most important independence. With this omni-potent government coercion, a free press has become disqualified.
The government must always walk directly away from bailing out any sort of media industry because throwing monetary units at the media industry creates the same burden upon the editor as their Soviet counterparts to the point of manufacturing a franchised version of Pravda.