Once again, as the Presidential election approaches, pundits are indignant about the influence money has on politics. In my syndicated column this week, I discuss the Supreme Court's decision to give free speech to corporations:
In 2008, a court ruled that TV ads for a nonprofit corporation's critical documentary about then-presidential candidate Hillary Clinton violated McCain-Feingold. When the Supremes overturned that ruling, saying that corporations and unions may fund political ads, the mainstream media were so upset, they sounded like there had been a coup.
The New York Times said the decision "strikes at the heart of democracy." The Washington Post quoted someone saying it "threatens to undermine the integrity of elected institutions."
Give me a break. Some in the mainstream media act like the only group that should be free to comment on politics are the media.
The very first amendment that the Founders chose to add to the Constitution couldn't be more clear: "Congress shall make no law abridging the freedom of speech ...."
Yet most people support laws against political speech -- when they don't like the speakers.
My new book, "No, They Can't: Why Government Fails -- but Individuals Succeed," shows why asking government to regulate political speech is a poisonous idea.
The rest of the column here.
This Week's Show -- July 10, 2014
CENSORSHIP AT CBS: Investigative reporter Sharyl Attkisson has a similar story. She explains why she left CBS after it became "harder and harder to get stories on television" that criticized this government and "any powers that be."
IS STOSSEL BIASED?: Years ago, journalist Howard Kurtz criticized me for not being objective. I said it's impossible for any journalist to be completely objective. Now that Howard Kurtz is on Fox, we debate again.
THE OBJECTIVITY MYTH: Andrew Kirell of Mediaite.com says, "every journalist has a point of view and they don't just magically check it the minute they walk in the newsroom door."
NEW MEDIA: Reason TV's Remy Munasifi uses music videos and parodies to complain about things like politicians' spending. One of his latest parodies highlights the scandal surrounding the VA hospitals. Munasifi discusses his videos, which have gone viral on YouTube.
RETRO REPORT: It's great there's a new media organization called Retro Report, which reveals media hype of the past ("crack babies," America's landfill "crisis," the "superpredator," etc.) and corrects stories everyone in the media got wrong. I discuss the new show with its executive producer, Kyra Darnton.
REAL OR FAKE?: Sometimes people in the media say things that are so bizarre, you'd think they were made up. Kennedy of The Independents quizzes FoxBusiness.com's Kate Rogers, Fox Business host Charles Payne and me to see if any of us can tell which quotes are real, and which were made up by my staff.
MY TAKE: I used to report on lots of scares. CBS even ran an ad for me where someone called me a "guardian angel."
That's bunk. The only guardian angel is a free and open society. That's what allows innovation, gives people longer lives, and lifts billions out of poverty. But these gradual improvements aren't newsworthy. Scares and disaster make the news.
News is broken not just because we're biased but because most good and important news happens slowly.
9PM ET on Fox Business Network