Saturday, February 20, 2010

The Nonobjective Segment of the Press

The owner of NBC, CNBC, and MSNBC sought and got $139 billion federal bailout.  Link: How a Loophole Benefits GE in Bank Rescue - Industrial Giant Becomes Top Recipient in Debt-Guarantee Program

Fox News employs Sarah Palin, a 2012 presidential wannabe, as a political pundit. Link:  Purveyor of Truth (Part 2) - Fox News Channel’s Credibility at Stake

Thomas Jefferson fought hard to include the Bill of Rights in the Constitution. He said, "Our liberty cannot be guarded but by the freedom of the press, nor that be limited without danger of losing it." We, the people, must be as vigilant as ever because a big segment of the press has been bought with taxpayers' money while another has employed many theocracy warriors. 

1 comment:

Ilyn Ross said...

"Newly disclosed records show that during the 2008 financial crisis, the Federal Reserve essentially lent $16.1 billion to General Electric by buying short-term corporate i.o.u.’s from the company at a time when the public market for such debt had nearly frozen." -- NYT