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Tuesday, May 12, 2009
Newsmax Hates Socialism -- But Wants to Profit From It
Topic: Newsmax

Newsmax is arguably right up there with the rest of the ConWeb in attacking President Obama's policies as socialism. A sampling of Newsmax headlines in recent weeks includes:


Newsmax's writers, we can safely say, are on board with that particular right-wing talking point. So why is Newsmax CEO Christopher Ruddy looking to cash in on Obama's supposed socialism?

An email sent out to Newsmax's mailing list on May 10 carries the subject line, "Can You Actually Profit from Socialism?" It begins with a letter from Ruddy that concludes, "Read the report below if you are interested in actually profiting from Washington’s socialist spending policies."

The "report" is a rehash of a email from a few days earlier touting the $1 million Rudy (well, Newsmax) has pledged to build (at a hoped-for annual rate of growth of 50 to 70 percent a year) according to the precepts of a financial guru that he will make public (for those willing to pony up a "charter membership fee" of $1,295).

Isn't just a tad disingenuous for Newsmax to bash Obama's supposed socialism with one hand while trying to profit from it with the other?

Posted by Terry K. at 1:13 AM EDT

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