What is more stupid, bailing out GM and Chrysler or bailing out newspapers like...

  • Thread starter Thread starter Franken Nancy
  • Start date Start date
F

Franken Nancy

Guest
...the NY and LA Times? http://www.reuters.com/article/reutersEdge/idUSTRE4BU53T20081231?sp=true
Neither bail out will work, they are failed dinosaurs. A few billion here and there and in 4 months they will want more. Nothing can save the newspapers or the failed car companies- let it go. Your thoughts?
 
The Auto Industry employs hundreds of thousands who built the best transportation at one time. Now millions will be affected with bankruptcy because those paying jobs cannot be replaced easily as the Snowball Effect runs its course. The Steel and Textile Industries have had similar problems in the past. This by the was was predicted well over 20 years ago by futurists and economists.

The Liberal newspapers can be replaced by idiot bloggers sitting in their underware trading stories with their online buddies. Cities have Metro type papers that can give people what they want and online news services can extract revenues.

Newspapers have been on the way out for awhile, too, losing revenue to all sorts of other media. There are only so many advertisers and their dollars go for the cheapest bang for the buck. More trees will be spared.
 
Can you imagine the government overtly having an economic interest in newspapers? Now that's the news I want to read. Not.
 
One rep is hardly a movement. The media companies, unlike the auto makers, can file for bankruptcy.
 
definitely bailing out newspapers is the wrong choice
the printed media is dying and there is no reason to try to pump life into it
 
My thoughts are that you are right , but if they get a couple of billion , then they can do the same things the banks and the car dealers did . They can take the money and give raises to their ceos and managers and ask the working people of this nation to take pay cuts and then the government can take more of the bailout money and vote themselves a raise as they just did . Do they care that all the housing values everywhere are sinking rapidly and they can not even saell them fast enough or that houses are being repoed by banks and other institutions but still can not do anything with the houses
 
Back
Top