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Wow, the hysteria from some on the right continues. I’ll admit, I listen to Michael Savage’s radio show, on in the evenings here in Phoenix. I find his show to be somewhat entertaining, and most of the time, he isn’t the GOP hack, unlike Druggie Limbaugh or that pond sludge Hannity. All that said though, I was checking out Savage’s website, www.michaelsavage.com, which interestingly enough, is an extension of the whackjob site www.worldnetdaily.com (did you know, according to Word Net Daily, that soy makes you gay??), and I noticed he had a story on his page entitled, “GE benefits from Obama’s rule changes-Why NBC and MSNBC are now state TV“. Interesting title, and scary. Even worse, this source is the liberal conspiracy machine Washington Post, so even they can see that Obama is pumping money into GE, and that MSNBC and NBC are his own private television stations….right??
Well, you decide. Actually, I’ll help you out on this one. Basically, GE, although it owns a couple of small Utah banks, is actually, not a real bank. However, due to loopholes in the regulatory system, it qualified for funds from last October’s bailout. The article states that, “The Obama administration now wants to close such loopholes as it works to overhaul the financial system. The plan would reaffirm and strengthen the wall between banking and commerce, forcing companies like GE to essentially choose one or the other.“
Hmmm……I know Dr. Savage is getting up there in age, so maybe I’ll cut him a break on this one. Last October, when the funds were approved and GE was able to capitalize based on a loophole, Obama was not the President of the United States, George Bush was. Then candidate Obama, now President Obama, is working to close that loophole that GE took advantage of. If GE benefits at all from this proposed rule changed (note, the rule has still not changed), it will be in principle only, meaning that the new rule will force GE to act more ethically.
The other part, is I don’t see in the article where NBC and MSNBC are mentioned or relevant. But since we’re on the subject, let’s go for it. The GOP hack machine is going after NBC and MSNBC, in which GE owns, or in MSNBC’s case, shares with…well, Microsoft. GE, apparently a large, corporate liberal sword, is now on the target list. The problem with all of this is in 2000, GE donated approximately 1.1 million. Microsoft, donated approximately 2.4 million. Does this mean a damn thing? No. Both Microsoft and GE came to the conclusion that their respective business interest were better served by supporting Bush for President. Of course, I think most of us understand the country’s interest in the meantime were not better served with Bush in office, but that’s the past. Does this mean that GE and Microsoft have suddenly become liberal attack machines? I dunno, you tell me. Do you think Rupert Murdoch, owner of the Fox propoganda network, is a far right idealogue? The answer, no. Murdoch saw an opening in the market, and took advantage, and, to his credit, has built a highly rated cable…I guess you can say, news channel. GE, more importantly Microsoft, saw another opening in the market for a liberal leaning, guess you can say news channel. This is to counter Fox and take up a sizeable market share. The owners of FOX, Microsoft and GE are, if nothing else, sharp business people who are exploiting an opening in the market. I believe, this is called free market capitalism. How ironic that the commie, America hating, terrorists loving, French MSNBC is taking advantage of the free market that the right claims it hates, and is doing so almost as well as FOX.
Finally, the headline from Savage’s website claiming that this is now “state TV”, is also false. My favorite host on MSNBC, Ed Schultz (GREAT SHOW!), as well as others, Olberman, Matthews, and Maddow, have all criticized Obama, sometimes quite harshly, when they’ve seen the need too.
Dr. Savage, I really think you need to start reading the articles you post on your website. Everyone else, always research…an informed electorate is key to maintaining a democracy.
