Obama’s Favor-Buying Slush Fund
April 6, 2012 by Bob Livingston
A provision in the Obamacare bill gives the Administration of Barack Obama a taxpayer-funded $5 billion slush fund to dole out to favored businesses, labor unions and States to pay for health insurance for early retirees. Two recipients of those funds are The Washington Post Company and CBS Corporation.
The fund is the Early Retiree Reinsurance Program (ERRP), and about $2 billion of the fund’s total — which is supposed to last until 2014 when the Obamacare taxes begin to kick in — has been doled out already. It is projected that the fund will be exhausted before the end of the year.
But it’s noteworthy that two corporations with news organizations that regularly cover Obama and his policies are recipients of the largess. The Washington Post Company, the parent of The Washington Post, received $573,217. CBS Corporation owns CBS News and raked in $722,388.
House Republicans are asking questions of the Administration in an effort to learn what criteria it uses to determine who gets what.
Representative Marsha Blackburn (R-Tenn.) told The Daily Caller in an email: “It is fine with me if they continue covering the ObamaCare debate. When NBC used to cover energy issues, they identified themselves as a subsidiary of General Electric. CBS and Washington Post just have to disclose that they are subsidiaries of the Obama Administration.”
And House Energy and Commerce Committee Subcommittee on Oversight and Investigations Chairman Cliff Stearns (R-Fla.) emailed The Daily Caller with this: “This program is providing ‘free’ money to corporations, states, unions, and pension plans. In addition, the Washington Post and CBS received funding under this program. How can the Washington Post and CBS be impartial on the issue of health care when they received funding under the health care law?”
Of course, it’s been a long time since the MSM displayed any sense of impartiality.