
by: Clyde Middleton posted: 2009-09-20 19:13:00
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Obama said he is "happy to look at" bills before Congress that would give struggling news organizations tax breaks if they were to restructure as nonprofit businesses.
"I haven't seen detailed proposals yet, but I'll be happy to look at them," Obama told the editors of the Pittsburgh Post-Gazette and Toledo Blade in an interview.
The bill being discussed is the Newspaper Revitalization Act introduced by Sen. Cardin (D-MD).
Nonprofits can't endorse political candidates directly or indirectly, and may be constrained in taking too strong a line for or against government proposals. So, the NYT without telling its several readers which lever to pull? Feels like a reduction of free speech.
Media Business writes this:
One drawback of using 501(c)(3) status is that entities are not permitted to engage in direct political activities, such as endorsing candidates for local, state, or national office or possibly even taking positions on governmental proposals. This would somewhat limit the scope of content and could lead to IRS investigations if complaints were made to the IRS that a paper was taking sides, was too conservative or liberal, or evidenced some other kind of agenda that was deemed political activity.
It is a reduced ability of news organizations to openly and freely criticize their government. That is not good on any level.
It would also result in a smaller paper. Here's the ad limits:
Paragraph (c) permits advertising, but limits it “to the extent that the space allotted to all such advertisements….does not exceed the space allotted to fulfilling the educational purpose of such qualified newspaper corporation.” This provision is apparently intended to ensure advertising does not dominate the content and effectively limits advertising to 50 percent of the content. This provision, however, is problematic because daily newspapers and most non-dailies currently contain two-thirds to three-quarters advertising. Indeed the regulations governing Post Office (USPS) distribution limit advertising to 75 percent.
If they have to cut ad space, they are not going to fill the void with upwards of 50% more content. The paper will become smaller. Less news; less opinion.
BNet suggests that even a change in organizational form doesn't solve the problems that got the industry where it is today:
This much is clear. Those running Mother Jones, CIR, NPR and The Nation will need to fully grasp the magnitude of the transformation sweeping all media in order to continue their great traditions. Accordingly, they, too, are exploring the online options for ways to adapt and survive.In other words, no media company, of any size or business model, can escape the twin forces of globalization and technological change.
An infusion of government bailout money and a change of form to nonprofit will only give a transfusion to an arguably terminally ill patient. Further, it will come at the expense of free speech.
Another dumb idea from an Administration with a proclivity to not think things through.
Trackback url: http://patriotroom.com/article/obama-may-support-nonprofit-newspapers-but-the-1st-amendment-won-t/trackback
McCain now finds himself jammed, moving starkly — and often awkwardly — to the right, apparently in an effort to gain favor among the same voters whom Mr. Hayworth, a consistent voice for the far right, could pull toward him like taffy come summer. McCain now sharply criticizes the bailout bill he voted for, pivoted from his earlier position that the Guantánamo Bay detention facility should be closed, offered only a muted response to the Supreme Court’s decision undoing campaign finance laws and backed down from statements that gays in the military would be O.K. by him... “John is undergoing a campaign conversion,” Mr. Hayworth said. Hayworth’s radio-personality bluster and big emotions.. may now have a part in the greater populist narrative that threatens many of the nation’s more centrist Republicans.
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Iran said Tuesday that it had begun producing higher-grade enriched uranium, marking a new and potentially dangerous turn in Tehran's confrontation with the West over its nuclear ambitions... U.S. National Intelligence Director Dennis C. Blair told the House intelligence committee last week that "Iran has the scientific, the technical, the industrial capacity to produce enough highly enriched uranium for a weapon in the next few years and eventually to produce a nuclear weapon. The central issue is a political decision by Iran to do so."
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I wouldn't want my fingerprints on anything this administration or congress proposes. Reid told reporters the bill would be introduced on Tuesday, and that it would include an extension of the tax breaks... Reid did not say how expensive the jobs bill would be. The Senate had been considering a package of roughly $80 billion. The House passed a larger jobs bill before Christmas, but now plans to unveil a different bill independent of that package, which did not garner Republican support.
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Back in November, the House passed its health care bill by a narrow 220 to 215 margin, with 39 Democrats voting against it. Since then, the one Republican who voted for it — Joseph Cao — has indicated that he would not support the bill a second time around given the weaker language on abortion in the Senate version. In addition, Florida Rep. Robert Wexler already retired prematurely. Factor in Murtha’s death today, and Pelosi is down to 217 votes — one short of passage. To pass the bill at some point in the next few months, she’ll need to flip a Democrat who is already on record voting against the bill.
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Don't think that Republicans can't be sucked in when an anti-Wall Street lynch mob gets its blood up. Recall that Sarbanes-Oxley, the devastating antigrowth response in 2002 to the Enron and Worldcom scandals, was passed with virtually unanimous support by Republicans in Congress, and signed by a Republican president. Recall that last year 85 House Republicans voted for a 90% tax on bonuses for any employee of any bank that took more than $5 billion in TARP money. Investors got some good news last Friday. Stocks resisted following through on Thursday's sharp plunge after (Congress) reached an impasse on bank re-regulation. That's a nice down payment on what investors need a lot more of now: proof that the GOP won't join Democrats in a populist rush to seek revenge against Wall Street.
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Just two years after Mr. Obama helped his party pull in record Wall Street contributions — $89 million from the securities and investment business, according to the nonpartisan Center for Responsive Politics — some of his biggest supporters, like Mr. Dimon, have become the industry’s chief lobbyists against his regulatory agenda. Republicans are rushing to capitalize on what they call Wall Street’s “buyer’s remorse” with the Democrats. And industry executives and lobbyists are warning Democrats that if Mr. Obama keeps attacking Wall Street “fat cats,” they may fight back by withholding their cash.
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The Dow, down almost 104 points, had its 10th triple-digit move in 16 trading days. Shares of big banks pulled the market lower, extending a slump that has led to four straight weekly losses.I can't, for the life of me, understand why bank stocks would be dropping. Inexplicable.
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Contrary to President Obama's promises, voters say special interests have more influence on the political process now than they did a year ago, according to a new poll. The poll, paid for by groups looking to curb the Supreme Court's recent campaign finance ruling, found that majorities of both Republicans and Democrats say special interests have increased their influence since the president took office, and they say Mr. Obama has not done enough to fight back.
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If the starting point for this meeting is the job-killing bills the American people have already soundly rejected, Republicans would rightly be reluctant to participate,” the pair explained in a letter to White House Chief of Staff Rahm Emanuel. They also said President Barack Obama should remove reconciliation from the table. Using budget reconciliation rules to move healthcare reform in the Senate would mean Democrats would only need 51 votes on procedural measures instead of 60... On Sunday afternoon however, Obama refused to say he would start from scratch.
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An announcement from his office said Murtha died at 1:18 p.m. at the Virginia Hospital Center, where he had been admitted last week after having his gallbladder removed at Bethesda Naval Hospital.
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Think?!!! Scheme, plot, connive, yes, but think? Nah!!!