Tuesday, November 11, 2008

Obama Agrees to Bail Out New York Times

Legenday blogger Doug Ross carries this breaking story.

>Breaking: Obama Agrees to a bailout of The New York Times

>Only hours after Mediapost reported that The New York Times had a negative net worth, President-Elect Barack Obama announced a $5 billion bailout rescue package for the media concern. In a hastily arranged press conference at the newly constructed Office of the President-Elect, Obama noted the importance of the Times' ability to influence public opinion.

Read the whole thing here.

Given that the government has gotten into the business of bailing out bankers who can't run banks and auto companies that can't sell cars, it is only logical that it is now bailing out pissants who can't write a fair newspaper. Keep up the good work, Doug!

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