National Debt Clock

Tuesday, October 20, 2009

Obama Mulls Newspaper Bailout

In an interview with the Pittsburgh Post-Gazette and The Toledo Blade Friday, President Obama said he hopes newspapers can find a way out of their financial crisis.

Several bills have been introduced in Congress to boost the newspaper sector, including a Senate proposal that would allow newspaper companies to reformulate themselves as nonprofits with a variety of tax breaks.

Once the government has given you money, they control you. Just look at the bailout businesses already...the government is now setting pay. The scary thing in this case is, the government would have the power to say, "you can't print that story or we'll take your bailout money away." Just wait.

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