The Latest Proposed Bailout

by Pejman Yousefzadeh on September 20, 2009

Newspapers. Seriously.

Matt Welch beat up on this unbelievably bad idea–and Ezra Klein in the process–over two months ago. His words are worth reading again. Of course, if the Obama Administration insists on shoveling money over to the failing mainstream media, it will do yet more to revitalize the Republican base. I suppose this means that Republicans ought to be happy about this proposal, and that they ought to call the Administration’s bluff as a consequence, but one really ought to be more concerned about the possible enactment of a bad policy rather than being joyful about a potential political gift.

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