Thursday, May 14, 2009

Olbermann Hates Conflicts of Interests Except When They Pay His Salary

MSNBC's dumb-jock-reporter-turned-pretty-boy-politico, Keith Olbermann is outraged that Rupert Murdoch's Harper-Collins would publish Sarah Palin's memoirs next year. The problem being, in Keith's mind anyway, that this reflects some kind of conflict of interest.

Let's talk conflict of interest, shall we? On November 10, 2008, Keith Olbermann renegotiated his contract with MSNBC to from $4 million per year to $7.5 million per year. Yes. He received an 87.5% pay raise exactly one week after Barack Obama was elected president.

Two days later, GE, who owns MSNBC, received a federal bailout of $126 billion.

You could say that Keith Olbermann is among the universally despised AIG bonus recipients, except that he and his company were in a position where they could significantly affect public opinion and the outcome of an election. Olbermann officially works for the U.S. taxpayer now, so let's see some regulations thrown his way or at least ACORN camping on his front lawn.

GE, who owns MSNBC, is also positioned to make millions of of Obama's proposed cap and trade.

Washington Examiner reports
GE [who owns MSNBC] — a member of the U.S. Climate Action Partnership, which advocates cap and trade — leads the push for greenhouse gas restrictions.

In the fourth quarter of 2008 as the company’s stock fell 30 percent, GE [who owns MSNBC] spent $4.26 million on lobbying — that’s $46,304 each day, including weekends, Thanksgiving and Christmas. In 2008, the company spent a grand total of $18.66 million on lobbying.

Reviewing their lobbying filings, you might think you were looking at Al Gore’s agenda. GE’s [who owns MSNBC] specific lobbying issues included the “Climate Stewardship Act,” “Electric Utility Cap and Trade Act,” “Global Warming Reduction Act,” “Federal Government Greenhouse Gas Registry Act,” “Low Carbon Economy Act,” and “Lieberman-Warner Climate Security Act.”

Hence the lobbying, buttressed by generous campaign contributions: Employees and executives gave $1.35 million to politicians in the past election while GE’s [who owns MSNBC] political action committee shelled out $1.55 million. About 64 percent of this $2.9 million went to Democrats, with Obama easily the top recipient of GE [who owns MSNBC] money.

Obama’s budget includes the payoff, promising to start a multibillion-dollar greenhouse gas industry by 2012. In a letter this week, GE’s [who owns MSNBC] Immelt told shareholders that current events present an “opportunity of a lifetime,” because “capitalism will be ‘reset.’ ”

Immelt wrote: “The interaction between government and business will change forever. In a reset economy, the government will be a regulator; and also an industry policy champion, a financier, and a key partner.”

In short, GE [who owns MSNBC] plans to get rich by being one of the government’s closest partners — which it has always been, thanks to its unmatched lobbying efforts.
We can only assume that the millions of dollars GE, who owns MSNBC, spent on lobbying efforts does not include the entire operating budget of MSNBC which worked tirelessly during the 2008 campaign and continues to work tirelessly to support Obama and his policies.

The point of this being that Olbermann's indignation over Palin's book deal might actually mean something were Olbermann not a puppet of the unholy trinity of political propaganda found in GE, MSNBC, and the federal government, a relationship that has been beneficial to all involved.

But with an 87.5% pay raise, Olbermann has benefitted the most.

Not bad for a guy with the highest rated show in cable news as long as you don't count O'Reilly, Bret Bair, Sean Hannity, Shepherd Smith, Gretta van Susteren, and even the newcomer, Glenn Beck. Wait that makes Olbermann the 7th highest-rated show behind the entire FOX lineup.

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