The president said he is "happy to look at" bills before Congress that would give struggling news organizations tax breaks if they were to restructure as nonprofit businesses
Sen. Ben Cardin (D-Md.) has introduced S. 673, the so-called "Newspaper Revitalization Act," that would give outlets tax deals if they were to restructure as 501(c)(3) corporations
Obama said that good journalism is "critical to the health of our democracy," but expressed concern toward growing tends in reporting -- especially on political blogs, from which a groundswell of support for his campaign emerged during the presidential election.
"I am concerned that if the direction of the news is all blogosphere, all opinions, with no serious fact-checking, no serious attempts to put stories in context, that what you will end up getting is people shouting at each other across the void but not a lot of mutual understanding,"
[This is a transparent attempt to gain control over the media, and a very, very bad idea.
If these entities aren't for profit, how will their formats be set? When the government is paying the bills?
Reminder; ACORN is a 'non profit' organization.]
READ MORE
[Then...
"OPPOSE S. 673, "Newspaper Revitalization Act"
Senate-Reid: http://reid.senate.gov/contact/index.cfm
YOUR Senator: http://www.senate.gov/general/contact_information/senators_cfm.cfm
and as always, pass it on...
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