Media Malfeasance Jumps Shark

Most of the major newspapers are dying, not only from diminishing market share due to the internet, but because of the lack of journalistic integrity of the reporting. Objective reporting on the three major networks is regrettably a mere historical footnote. If not previously visible, the 2008 election was confirmation. Without question, the media is completely in the tank for Barack Obama, and spearheading the group is NBC News.

From the seemingly personal love affair with the Commander in Peacock Barack Obama by chief Washington correspondent John Harwood to the sense of royalty conveyed by NBC Nightly News host Brian Williams, the days of stellar journalism by the once proud peacock are dead.

Alarmingly, the brass at the very top seem to be directing this behavior, with parent company General Electric (GE:NYSE) CEO Jeffery Immelt, whose company stands to financially benefit from emerging green technologies Obama is employing. Perhaps that is what led Immelt to be asked to be on Obama's economic leadership panel. Certainly, it could not have been the stock price, which has crashed.

In a mind boggling move, ABC News is not to be outdone. ABC announced today that they will broadcast World News Tonight from the White House a week from Wednesday and then turn over programming for a special primetime event, "Prescription for America" to highlight the administrations health care agenda. This "town hall" meeting will be anything but, as dissenting voices will not be welcome. So much for Obama's appreciation for "robust debate".

This is beyond disturbing and our founding fathers would be appalled. Without GOP participation, which was denied, certainly the Democratic National Committee will be footing the bill. As a shareholder of The Walt Disney Corporation (DIS:NYSE), owners of The American Broadcasting Company, I will demand it by firing off a condemnation letter tomorrow. Could you imagine they will care?

The senior citizen crowd that grew up with Walter Cronkite and David Brinkley trust these folks still today, citing it as unfathomable they could be such unethical presenters of the world affairs. The younger voting block is right in tune with the rock star, so two thirds of the electorate is scammed by the media, creating a tough situation to overcome. Will the truth eventually win out? Will we still be a capitalistic society when it happens?

Don McLean sung about the day the music died in his wonderful song American Pie. Today, officially, network television objective journalism, previously on life support, died.

Meanwhile, Barack Obama took shots at Fox News and CBS News found it necessary to torpedo former President George W. Bush. Again. Good Grief!