26.3.09

Reason #53- Why I am a Monarichist, US Senator proposes nonprofit status for newspapers

First it was the bailout of the auto industry, then it was the bailout of the banks, now it seems a Senator has determined that newspapers should be helped out. Now for those who don't realize what is happening, I will simplify it, the government is rapidly attempting to take over every facet of your life. A newspaper which owes it's existence to the government does not have Freedom of Speech.

It is not the first time the First Amendment has been under attack, earlier this year it was proposed that the Catholic Churches in Connecticut relinquish the authority of the pastor in their financial dealings. Connecticut also attempted to require Priest giving absolution to a sex offender report it to the authorities. (The rebirth of the cult of Reason and Enlightenment.)

At the beginning of this week, Secretary Geitner opined that the government might have to look into limiting what an executive in any business could be paid, whether they had or had not taken bailout money. That is communism, pure and simple. Later in the week he announced favorably that a world wide currency, an idea proposed by the Red Chinese (BTW a communist country) might be looked at with favor in order to solve world wide economical problems.

This nation which will be feeling the deficit for generations to come, due to the overspending of the Congress. Old and unsuccessful programs which do not show results are not ended, they are just given more money, based on the old axiom "We have never spent enough on this program to make it work". That is job security for a voter.

The auto industry is a good example, we bailed them out last year for an unbelievable amount because they were "too big to fail". While the media focused on the minutea of executives taking the company plane and distracting the masses with class envy and warfare, the unions danced with glee and the companies were bailed out. Now the industry is getting ready for another handout. When will this end? I am reminded of that scene from "Gone with the Wind" as Scarlett travels the streets of Atlanta, a carpetbagger tells a group of freedmen, "...We'll give you 40 acres and a mule 'cause we're your friends and friends vote for friends." The national legislature has turned into a collective of carpetbaggers and scalawags. Once again last week, while the scandal of who allowed the AIG bailout to include bonuses for executives became news, all media attention was redirected at those "crooks" at AIG who were given bonuses, to the point that the mob was being bused in to protest the AIG executives. Windows were broken and lives threatened, all because of the class warfare rhetoric spewing from the newspapers, the congressmen, New York Attorney General and Obama. The real attention should have been directed at Chris Dodd (from Connecticut I might add, strange isn't it)and Tim Gietner (a self professed tax evader)for allowing the clause allowing bonuses to be added to the Bailout bill. This bill which was NEVER read by any member in the House or Senate, (but lauded by them as a great step towards getting the economy back to a sound footing,) was passed in the middle of the night as it were.

The House in a stroke of unconsitutional legislation adopeted a bill which would have taxed the bonuses at 90%! I am sorry to say that Republicans voted for it also. It has not yet been brought to the Senate. Due to the attention of the mob and the threats of attacks on their families the executives all returned the money. Where was the govenment to step in and say stop?

Your freedom is being traded for security, in the end we will have neither.

Jhesu, Marie et Joseph,
Brantigny

By LARRY MARGASAK – 1 day ago
WASHINGTON (AP) — Struggling newspapers should be allowed to operate as nonprofits similar to public broadcasting stations, Sen. Benjamin Cardin, D-Md., proposed Tuesday.

Cardin introduced a bill that would allow newspapers to choose tax-exempt status. They would no longer be able to make political endorsements, but could report on all issues including political campaigns.

Advertising and subscription revenue would be tax-exempt, and contributions to support coverage could be tax deductible.

Cardin said in a statement that the bill is aimed at preserving local newspapers, not large newspaper conglomerates.

"We are losing our newspaper industry," said Cardin. "The economy has caused an immediate problem, but the business model for newspapers, based on circulation and advertising revenue, is broken, and that is a real tragedy for communities across the nation and for our democracy."

Cardin said his proposal may not be the best choice for some major newspapers, but "should be an option for many newspapers that are struggling to stay afloat."

Speaking on the Senate floor, Cardin added, "As local papers are closing, we're losing a valuable tradition in America — critically important to our communities, critically important to our democracy."

The head of the newspaper industry's trade group called the bill a positive step.

John Sturm, president and chief executive officer of the Newspaper Association of America, said the proposal "recognizes changes in the law might be necessary to provide a boost to newspapers trying to weather this difficult economic period."

He agreed with Cardin that his approach may not work for all newspapers, but said the legislation is a starting point for discussions already under way on ideas to help the industry.

The association is a nonprofit organization representing the $47 billion newspaper industry and more than 2,000 newspapers in the United States and Canada.

Reports of layoffs and furloughs at newspapers around the country have become common in recent months. Gannett Co., which publishes 85 daily newspapers, announced Monday that it was asking most of its 41,500 employees to give up a week's pay for the second time this year. The same day, Advance Publications, which publishes daily papers in nearly two dozen cities, said it was ordering 10-day furloughs and a pension freeze at nearly all its daily newspapers.

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