The folks at Air America, after denying it for the last month, have filed for bankruptcy under Chapter 11. AA is a radio network which was supposed to be the liberal answer to conservative talk. They were the ones who would compete with the likes of Rush Limbaugh, Sean Hannity, and G. Gordon Liddy.
Unfortunately, the idea never caught on among the liberal community and AA did not get listeners. Rush probably has more listeners in a half hour than AA has all week. There have been hints of impropriety and suggestions that money was not spent correctly and this bankruptcy filing confirms their dire situation.
The network employs people like Al Franken who think that they know everything. Franken probably should have stayed on TV doing his comedy bits though I never found him funny top begin with. In any event, Franken would have done better on TV than with the comedy that has become his venture into talk radio. I have never heard Franken's show (and neither have very many others apparently) but I have heard him do interviews.
He constantly tells us how liberals have a better idea and are more fiscally responsible. We are reminded of the evil of George Bush because Franken hates the President and goes out of his way to insult him along with most other conservatives (though I would argue that Bush is not a conservative).
So, Franken has been telling us all along how the donks have the plan. This must be the same plan that they all talk about but never expand upon. I want to know, if the donks are so good at managing things, how it is that Air Amerika is bankrupt. They have about 4 million in assets and owe about 21 million. This is very similar to the way the liberals in Congress run things. They keep acting like there is an endless pot of money.
The difference is that Congress can, and when Democrats are in charge does, raise our taxes to generate more revenue. AA is stuck with what they have but if they had access to involuntary contributors, they too would extort as much as they needed to stay in business. The Democrats love to raise taxes and they act as if it is the only way to get things done. They truly believe that they know better what to do with your money than you do.
If the Democrats can claim that Republicans are soft on national security (a lie if ever there was one) and then make the claim they can not even protect children (in light of the Foley scandal) then it is reasonable to say that Democrats are not good with money as evidenced by the way Air Amerika handled its finances. After all, AA espouses liberal philosophies and the way they ran the station into the ground is indicative of how donks handle money.