Democrats seek financial rescue of minority-owned broadcasters

The Hill ^ | 20 May 2009 | Silla Brush

[KRyanJames]

High-ranking House Democrats are urging the Treasury Department to prop up minority-owned broadcasters suffering from a lack of capital and lost advertising revenue amid the economic slump.

House Majority Whip James Clyburn (D-S.C.) is leading an effort to convince Treasury Secretary Timothy Geithner to take “decisive action” by extending credit to this sector of the broadcasting industry.

Clyburn and other senior members, including House Financial Services Committee Chairman Barney Frank (D-Mass.) and Ways and Means Committee Chairman Charles Rangel (D-N.Y.), argue that minority-owned broadcasters are sound businesses, but that the recession could undermine the government’s efforts to diversify the airwaves.

A number of members from the Congressional Black Caucus signed the letter, too.

[Drango]

I want a pony. (And a government grant to feed him.)

[FES0844]

Must be nice to have a MONEY TREE!

[Oldeconomybuyer]

Clyborn, Rangel, and Fwanks

[A_Former_Democrat]

Disagree.

The Stooges actually contributed to the culture and economy

[cripplecreek]

Tell them to ask ACORN for the money.

[Oldeconomybuyer]

Good point!

[Reagan69]

NO MORE BAILOUTS!!

[rfp1234]

“minority-owned broadcasters” [M.O.B.]

[madamemayhem]

that’s racist.

[river rat]

These clowns keep up this bull squat that diminishes the value of EVERYTHING I own or saved - and they’re going to have one hell of a reaction....

[PLKIng]

Wow! This is about as unethical as you can be. Odumbo hates the free market so much that his every move seems calculated to destroy it. When has this ever worked in history and where? Pathetic.

[jessduntno]

I want a condo at THE VILLIAGES with Joe Biden;

http://www.youtube.com/watch?v=NmRXH7RkCZQ

Yes, it is really him...

[river rat]

I so damned sick and tired of hearing why EVERYTHING must be diversified -— I’ll believe they mean it when 85% of professional sports players are non-Black.

Until then, sink or swim and no taxpayer bailouts..

[jessduntno]

"These clowns keep up this bull squat that diminishes the value of EVERYTHING I own or saved - and they’re going to have one hell of a reaction...................................................

[240B]

Liberals have a pathological need to determine and control the outcome according to their own personal idea of ‘fairness’.

They have to pick winners and losers.

[Mad_Tom_Rackham]

Once the barn door has blown down...

[Menehune56]

Opponents of this legislation will be called out as racists and klan members of course.

[yazoo]

“I want a pony.”

You’re not a Dem so all you’ll get is a pile of horse manure and shovel so you can dig for the pony.

[Lonely Bull]

The members are asking for a meeting with the Treasury Department and minority-owned broadcast entities and representatives from the National Association of Black Owned Broadcasters.

What's the acronym for that association?

Hm, look at their domain name, even.