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I find it amusing that three of the richest people in the world are claiming that they are poor. Of course, the issue is a lot more complicated then it needs to be, and the New York Sun helps to explain the situation<\/b><\/a>:<\/p>\n It\u2019s the sort of brazen move that might ordinarily trigger a front-page news story or an outraged editorial \u2014 a bunch of rich individuals asking Congress to write them a law that would give them better negotiating power against other rich individuals. <\/b><\/p>\n Gee, now there\u2019s something not original. Rich people buying members of congress to help them stick it to other people. So what is it these \u201cPoverty stricken people\u201d want?<\/p>\n Yet in this case, the rich individuals wanting special treatment are the newspaper owners themselves. Washington Post owner Jeff Bezos (worth $83.9 billion, according to the Bloomberg Billionaire\u2019s Index), New York Times owner Carlos Slim (worth $61.1 billion), and Buffalo News owner Warren Buffett ($76.9 billion), publicly pleading poverty, are asking Congress for a helping hand in their negotiations with Google, controlled by Sergey Brin ($45.6 billion) and Larry Page ($46.8 billion). <\/b><\/p>\n In a Wall Street Journal op-ed<\/a>, David Chavern, president and chief executive of the News Media Alliance, whose board has representatives of Bezos-Slim- and Buffett-backed papers, complained about what he called \u201can economically squeezed news industry.\u201d The Times, in a column sympathetic to the effort, likened the news providers to \u201cserfs.\u201d <\/b><\/p>\n These ultra-rich Proglodytes should consider why the papers they bought are sinking faster than the Titanic. The reason is so simple. They have lost all credibility with the American People because they have been caught lying so often. In the \u201cOlden days\u201d before the Internet, it was almost impossible to determine what was real and what was fake news manufactured by the \u201cMain Stream Media. Today, it\u2019s a lot easier and that is what\u2019s wrecking things for these three elitist proglodytes.<\/p>\n The idea that Congress needs to roll to the rescue of \u201cserfs\u201d like Messrs. Bezos, Buffett, and Slim to bail them out of bad investments just doesn\u2019t pass the laugh test. <\/b><\/p>\n These morons are still not understanding what happened last November. Bezo\u2019s Washington (Com)Post has been leading the way in shooting themselves in the foot. The New York Times? Even as a fish wrapper, or bird cage liner, it\u2019s sub-par these days.<\/p>\n In respect of the Times, it\u2019s particularly comical, because, as an editorial matter, the paper generally favors stricter antitrust enforcement. The newspaper that less than two years ago was editorializing<\/a> that Congress \u201cshould also study whether there are ways to strengthen the antitrust laws,\u201d now is backing the move for what its own columnist describes as \u201can anticompetitive safe haven,\u201d \u201ca limited antitrust exemption.\u201d <\/b><\/p>\n The publishers contend that news is a kind of special case because consumers are harmed by a decline in news quality. Or, as the Times quoted<\/a> Mr. Chavern, \u201cIf you want a free news model, you will get news…But it will be garbage news.\u201d <\/b><\/p>\n As opposed to what the New York Slimes and the Washington (Com)Post are generating now? For about 10+ years now, the Mostly Stupid Media has watched the rise of the Internet with abject horror. For decades, actually centuries, they were the \u201cGatekeepers\u201d who determined what was news and what wasn\u2019t. Now, with the Internet, anyone can publish anything, and we have seen a large number of web sites of all political viewpoints, many of them with far better reporting than the so called \u201cMain Stream Media. With Google, Facebook and other sites, people can find more information and quickly determine the biases of the site and writer, and then make a more informed decision. Since these sites get more people, and offer cheaper ad rates, guess where the advertisers go to?<\/p>\n The Google-Facebook world has taken advertising and subscription revenue dollars out of publisher pockets. <\/b><\/p>\n<\/a><\/p>\n<\/a><\/p>\n<\/a><\/p>\n