So... bottom line they will go after you if you dare say anything negative about 0bama or democRATS?
Not yet.
I think right now this is aimed more toward, as an example, the blogger who is pitching the diet aid de jour and is hiding the fact that the manufacturer is paying him to say it.
Newbusters is wrong about "Shouldn't the same standard apply to journalists reporting the news?" though. It's a slippery slope to start investigating the blogosphere and if they start doing it with something that seems in the public interest such as advertising it is a shorter step to shutting down the "hate website" Free Republic.