Bailouts for Traditional Media. What Could Go Wrong?

Looks like the Federal Trade Commission is looking for ways to bail out traditional media to the tune of 35 billion dollars. The ideas it to establish a journalism division of AmeriCorps, increasing funding for the Corporation for Public Broadcasting, national funding for local papers, tax credits for employing journalists, and establishment of Citizenship News Vouchers. But go take a look at how they propose to pay for it.

I can’t imagine that suckling at the government teat will have any effect on the objectivity of the media when it comes to holding government accountable. Just can’t imagine it.

Hat tip to Instapundit