What do you do to get around the campaign and first amendment restrictions of the McCain-Feingold Bill? If you are a billionaire you just buy up the media. Two billionaires, Ronald W. Burkle and Eli Broad, put in a last-minute bid, topping an offer from the Chicago real estate magnate, Sam Zell, by a dollar a share to to Tribune Company management.
Burkle is a well-known political contributor and longtime Democratic fundraiser. He supported the Black Panthers in the Sixties and California State Treasurer Phil Angelides then he employed former San Francisco Mayor Willie Brown.
Burkle is a close friend of former President Bill Clinton, who is a senior adviser to Burkle's company, Yucaipa.
Who'd a thought that?
Burkle and Steve Rattner helped finance Al Gore's cable Current TV network and has also given over $200,000 to California Governor Arnold Schwarzenegger.
Burkle is only doing what Stephen L. Green and his brother Mark Green did with Air America and what George Soros has done with Move On. He is recapitalizing a failing business enterprise as a false front to push their liberal agenda. Burkle and Broad are making an otherwise illegal and non-deductable political donation into a legal deductable business loss.
Guess who will pick up the tab? You taxpayers will, all legal in a form of money laundering, that would make any mobster envious.
What they'll essentially be doing is giving free and air and print time to the liberals. Look at the Old Gray Lady, the New York Times, CNN, ABC, CBS and NBC which are hemorrhaging from lost viewership and revenues.
These investors are not in this to make money, to do that they'd have to adopt a fair and balanced format, tell the truth, and that just isn't going to happen. What will happen is that they'll have their propaganda machine in place just in time for the 2008 general election.
This has the stench of Hillary and Bill all over it. We can thank the best Democrat either party has had for this, Ted Kennedy's bestest buddy, thank you John McCain.