Seriously. As if the gubmint didn't already have their fingers in enough private sector pies, Henry Waxman (sponsor of the tremendously popular H.R. 2454) seems to think the fed now has to bail out (i.e. own) yet another failing business model.
WASHINGTON (Reuters) - A top Democratic lawmaker predicted on Wednesday that the government will be involved in shaping the future for struggling U.S. media organizations.
House Energy and Commerce Committee Chairman Henry Waxman, saying quality journalism was essential to U.S. democracy, said eventually government would have to help resolve the problems caused by a failing business model.
Waxman, other U.S. lawmakers and regulators are looking into various options to help a newspaper industry hurt by the shift in advertising revenues to online platforms.
First off, if the government controls the media it's no longer a democracy, it's a communist/authoritarian state. Second, if a business model is failing it's for a reason. They produce a product or service that is no longer in demand. If you can't keep up with the times close your doors and find a new line of work. This is ridiculous. Wouldn't spend your hard earned money on an overpriced, low quality GM product? Makes no difference, they got your money anyways. Rather read your news online? Makes no difference, your tax dollars are going to bail out every newspaper printer in this country. I guess they'll ship all those newspapers that our money is going to print and no one in this country is going to buy to Russia, China, Cuba, Venezuela, and Iran so at least they can get some use out them burning them or wiping their asses with them. Fuck, 2012 can't get here quick enough.
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