In the latest Weekly Standard, P.J. O’Rourke says, show me the money:
The government is bailing out Wall Street for being evil and the car companies for being stupid. But print journalism brings you Paul Krugman and Anna Quindlen. Also, in 1898 Joseph Pulitzer of the New York World and William Randolph Hearst of the New York Journal started the Spanish-American War. All of the Lehman Brothers put together couldn’t cause as much evil stupidity as that.
Moreover, rescuing print journalism is a “two-fer.” Not only will America’s principal source of Sudoku puzzles and Doonesbury be preserved but so will an endangered species–the hard-bitten, cynical, heavy-drinking news hound with a press card in his hatband, a cigarette stub dangling from his lip, and free ringside prize fight tickets tucked into his vest pocket. These guys don’t reproduce in captivity. And there are hardly any of them left in the wild. I checked the bar. Just Mike Barnicle, as usual. How’s tricks, Mike? Where’d everybody go? Sun’s over the yardarm. Time to pour lunch.
And right on cue, “Connecticut Legislators Want State To Subsidize Newspapers.”
As the Great One (Reagan, not Jackie Gleason) said in 1986, “Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.”