Congressional Black Caucus - A DISGRACE!

[joshzz]

TAKEN
FROM: INSIDERADIO.COM


"After the Congressional Black Caucus boycotted a vote on financial regulations in a bid to focus attention on troubled minority businesses, President Obama told USA Today, "It's a mistake to start thinking in terms of particular ethnic segments of the United States rather than to think that we are all in this together." The caucus is especially looking to help minority broadcasters, and the New York Times reported yesterday that key lawmakers have been heavily lobbied by Inner City Broadcasting in particular."



MY RESPONSE TO THE FEELOADING Congressional Black Caucus :


Dear Congressional Black Caucus,
Stop asking the govenment for hand-outs on behalf of minority broadcasters that don't know how to run a radio business!

It sickens me that, there are minority organizations that continue to
cry "foul" when we see that the country has changed for the better. We have
an African American President and there are great opportunities for people
of ALL ethnic groups!

The reason Inner City Broadcasting and some other minority owned
broadcast companies are in financial crisis is because the people at the top
of those companies don't know how to run a business. They were foolish in
paying astronomical sums of money for stations that could have never
generated enough money to sustain the stations even in good times. ..
and now their playing the "race card". They would have gone
bankrupt whether or not the economy fell.

Let it be known that I am a minority (primarily hispanic with a bit or Irish mixed in) and I don't use my ethnicity to play the race game!!!

Let Inner City all the rest of the large minority broadcast organizations
fall into backruptcy as they should... There will be minorities like myself
who will jump in to buy their stations and run them properly.



josh

 

[TheBigA]

There will be minorities like myself
who will jump in to buy their stations and run them properly.

Really? You would use your own personal savings to buy radio stations? Let me know when that happens.

 

[joshzz]

Re: Congressional Black Caucus -

I apologize as my message may have been a bit harsh, but the truth is, as President Obama has stated, "We're in this together."

Many broadcasters are hurting especially the big groups whether it be Citadel, Cumulus, Clear Channel, Radio One, .. etc. It's a sign of the times & one group should not get preferential treatment over another.

If any help by the government is provided to ALL owners it should be in the way of a waiver or temporary reduction in FCC fines or something similar. Again, just my opinion.

We can't continue to bail-out big businesses as we did with AIG, etc. It's a hard pill to swallow but America would be stronger if we didn't give away two trillion dollars of bail-out money to big business. Former President Bush gave away close to a trillion dollars and it I believe President Obama did the same.

TO answer your question, I would have to dig deep into my pockets to buy any property as I don't have the benefit of owning a company that is publicly traded. For a mom and pop run business, it's all about using your assets to get any loan.

 

[HowardMBurgers]

Wow! Then I think you should go out there and buy yourself a station or two and run them as only you know how for, oh say two years. Please report back to us how well that turned out.

 

[TheBigA]

Re: Congressional Black Caucus -

We can't continue to bail-out big businesses as we did with AIG, etc.

I think everyone agrees on that, and Obama was very direct on this.

Here's what I've learned: The people who have passion for radio don't have any money. They people who have money don't have passion for radio. You have to decide what you want, because you can't get both.

 

[joshzz]

We do already own a radio station and are hoping to expand as this may be the best time for someone like myself to expand within the general area we serve. josh

PS: I didn't mean to sound harsh though I think it came off as that. The truth is, radio in general is hurting but we can't reward groups through bail-outs based on ethnicity. We all know that bail-out money given to various financial institutions such as AIG was abused through executive bonuses. etc. In the end, we would be stronger as a nation if we allowed companies to just go bankrupt. josh

 

[TheBigA]

The truth is, radio in general is hurting but we can't reward groups through bail-outs based on ethnicity.

On the other hand the government gives a lot of lip service to minority ownership in the media. The FCC has a task force on it. Minority ownership doesn't happen with words or task forces. Right now, if a minority company went to the SBA asking for a loan to buy a radio station, they'd be turned down. Not because they're minority, but because there's no program for media ownership. It's not seen as a safe risk by the US gov't. That is no way to encourage minority media ownership. They're not asking for a hand-out, just a hand.

 

[Roger That]

Re: Congressional Black Caucus -

Here's what I've learned: The people who have passion for radio don't have any money. They people who have money don't have passion for radio. You have to decide what you want, because you can't get both.

It's also VERY easy to back seat drive/program/run a radio station, as evidenced by all the experts on these boards. Funny how different the real world is from the Utopia created via the Internet.

 

[Silkie]

Samuel Clemens said it best:

There is no distinctly American criminal class - except Congress.