Let Newspapers Fail

By Wayne Allyn Root

Bailout of Newspapers Threatens Free Speech and Editorial Independence

Bailouts Constitute “Legal Bribery”

Members of Congress have recently suggested that the federal government should undertake a billion dollar newspaper bailout. President Obama seems interested. Really? Why? Because the other bailouts worked out so well? Congressional investigators recently disclosed their doubts that AIG will ever be able to pay back its government loans. At the same time, economists suggest that at least $20 billion of the government loans to U.S. automakers are lost forever. GM and Chrysler now constitute a $100 billion welfare program, that just happens to sell cars (that no one wants). Meanwhile the economy continues to flounder despite the $800 billion economic stimulus package (a bailout to more fat cat corporations and Obama contributors). This disaster just keeps on growing (because government is involved). [more...]