Democrats seek financial rescue of minority-owned broadcaster - Stingray

Democrats seek financial rescue of minority-owned broadcaster

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America has just elected its first minority president. Yet we’re a bunch of racists, racists, you see.

The government has no business bailing out anybody. They have a responsibility to create an economic atmosphere that is conducive to growing the economy. Obama is doing the former, but not the latter.

Government does not have a “fundamental interest” to encourage a diversity of voices. Diversity is, of course, a keyword for liberal. Does anyone really believe that a conservative minority broadcaster would get a grant? Ain’t no way in hell.

From TheHill.com 

High-ranking House Democrats are urging the Treasury Department to prop up minority-owned broadcasters suffering from a lack of capital and lost advertising revenue amid the economic slump. 

House Majority Whip James Clyburn (D-S.C.) is leading an effort to convince Treasury Secretary Timothy Geithner to take “decisive action” by extending credit to this sector of the broadcasting industry. 

Clyburn and other senior members, including House Financial Services Committee Chairman Barney Frank (D-Mass.) and Ways and Means Committee Chairman Charles Rangel (D-N.Y.), argue that minority-owned broadcasters are sound businesses, but that the recession could undermine the government’s efforts to diversify the airwaves. 

A number of members from the Congressional Black Caucus signed the letter, too. “

While many jobs are at stake, a more important principle — the government’s fundamental interest in promoting a diversity of voices, including service to underserved communities — is severely threatened,” the members write in a draft of a letter that was scheduled to be sent Tuesday.

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This page contains a single entry by Michael McCullough published on May 24, 2009 10:45 AM.

British banks revolt against Obama tax plan was the previous entry in this blog.

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