I was curious about others’ viewing habits. Also, I’m writing my graduate thesis on the broadcast fairness doctrine. So, consider this a test of your own personal fairness doctrine:
[picapp align=”left” wrap=”true” link=”term=elena+kagan&iid=4828152″ src=”7/a/c/f/Solicitor_General_Elena_d5d5.jpg?adImageId=12805887&imageId=4828152″ width=”107″ height=”148″ /]A bit of breaking news: Reports are now saying that President Obama plans to nominate Elena Kagan for the Supreme Court on Monday. For nominee-hearing junkies like myself, bring on the C-SPAN coverage!
This happened earlier last week on MSNBC:
Any wonder why their ratings are less than stellar compared to Fox News?
Given that one major source of the country’s current economic situation was nefarious activity in housing and mortgage lending, it’s not much of a surprise that one of the government-sponsored mortgage backers, Fannie Mae, recently reported a $72 billion loss for last year. It’s companion company, Freddie Mac, also posted a loss ($21.6 billion), though significantly less than Fannie. Part of that is simply because Freddie is smaller.
Both companies played a key part in encouraging risky home loans to those who, in the end, could not afford them. Over several years, government promoted the notion of home ownership and the availability of “affordable housing” for those who couldn’t really afford such a hefty long-term financial obligation. Many politicians touted home ownership to the detriment of reason — and despite the warnings of others. (Take for example this Fox News report from 2008 recapping the lead up to the sub-prime mortgage crisis.)
The result of this campaign for more home ownership was a host of foreclosures, a housing bubble accompanied by a burst and a crisis in the credit market that gave government another excuse to meddle in the economy to “solve” a problem it actually helped create. Despite the best wishes and good intentions of many politicians pushing home ownership for low-income families, eventually, reality set in.
Somewhere along the line actually requiring government spending to be paid for went out of fashion. Take the case of Sen. Jim Bunning’s (R-KY) recent efforts to hold off another extension of unemployment benefits until Congress could lay out how it would pay for the extension.
Bunning’s efforts were at least temporarily successful, angering many lawmakers. A Fox News report quoted Sen. Dick Durbin (D-IL) lamenting Bunning’s actions by stating the following:
It is unthinkable, unforgivable that we would cut off unemployment insurance payments to these people, that we would cut off COBRA payments, which helps them to pay for their health insurance while they’re unemployed. … And yet, that’s what’s going to happen Sunday night. It’s because the senator from Kentucky has objected to extending unemployment insurance payments and COBRA health insurance payments for 30 days.
Bunning said he was concerned about the level of debt currently heaped up by the federal government. But those not phased by increased government spending (of money it doesn’t have) were fierce with their criticisms of the senator.
Take for example this segment from MSNBC making Bunning out to be little more than a heartless, bitter nut:
One recent development on the free-speech front that has concerned me is the hiring of the Federal Communications Commission’s (FCC) new chief diversity officer, Mark Lloyd.
Lloyd used to work for the left-leaning Center for American Progress, where he helped write this study calling for caps on commercial radio station ownership, greater local accountability on the part of broadcasters and fees to be paid by broadcasters who don’t want to abide by certain “public interest” standards (the fees would go to fund public broadcasting). The focus of the study was on the imbalance between conservative and liberal programming, and critics charge that the proposed actions are meant to silence conservative talk radio.
Another point of controversy is one of his other proposals suggesting that radio stations not interested in abiding by public interest standards pay a licensing fee equal to their total operating costs. A discussion of this and other proposals was aired on Glenn Beck’s program on Fox News last week. Part of that discussion covered comments Lloyd made which seemed to praise Venezuelan President Hugo Chavez’ treatment of the media in his country (which has been less than friendly to their free-speech rights). Here is a clip:
Truth from Shep Smith on Washington’s role in economic mess: