Lee Harvey Oswald was a patsy in the JFK assassination

The most accurate account of who killed JFK. It was not Lee Harvey Oswald

The most accurate account of who killed JFK. So serious, the History Chanel has been stopped from showing the TV series by a lawsuit from LBJ’s family and Democratic Party lawyers.

 50th anniversary of the assassination of John F. Kennedy is November 22, 2013. Yet, in a half-century, we have just a fraction of the truth published.

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Any deep coverage of the assassination didn’t come from major newspapers. The best investigations have come from book authors and movie directors. The reputation of newspaper journalists has fallen from its peak in the early 1960s. The botched coverage of the Kennedy Assassination followed by decades of one-sided news stories coming from Democrat talking points has taken it’s toll on newspapers. In the early ’60s, the top 50 cities had two or three competing newspapers. Today, only New York, Boston and Chicago have two newspapers still publishing.

Was it color television that came in the late ’60s, or was it the content and ethical character of the newspapers editors and journalists?

Oliver Stone’s “JFK” presented many pieces of one of the most corrupt high crimes in U.S. history, but it failed to investigate the dangerous loose ends.

Within a week of the assassination, LBJ established what would be called the Warren Commission. Ten months later, the Warren report was issued with the “magic dancing bullet” and no mention of dozens of odd deaths.

With the Internet, authors, citizen journalists, and bloggers are doing a much better job uncovering the cover-ups than the elite media. How could that be? A rule of economics is choice. We had much fewer choice in news media until the internet came of age.

Take for example the assassination of JFK. Testimony has been hidden from the public for decades.

“Yeah, I had the son of a bitch killed. I’m glad I did. I’m sorry I couldn’t have done it myself!”

These were the words of Carlos Marcello, the Mafia godfather of Louisiana and Texas. And he was talking about the assassination of President John F. Kennedy. I believe he was played by John Candy in Oliver Stones “JFK.”

Marcello’s admission is in uncensored FBI files at the National Archives, detailed for the first time in a new encyclopedic book “Legacy of Secrecy,” by Lamar Waldron.

Waldron’s 848-page blockbuster was published in November, 2008. It involves 20 years of research that began in 1988 when he didn’t know that Mafioso Marcello had confessed to JFK’s murder back in 1985. The FBI kept this fact a secret for more than two decades. The Warren Commission released its cover-up version of the death of JFK at the hands of a lone assassin, Lee Harvey Oswald and a magic bullet.

IN 1963, only weeks after JFK was killed, the FBI questioned 14 Marcello mob associates. Yet the godfather’s name doesn’t even appear in the Warren Report. This secrecy shows that the government all the way up to LBJ had a hand in the cover-up at the very least, he appointed the Warren Commission and never had any questions directed to him.

Such as have you ever met Jack Ruby? Do you know Carlos Marcello, what do Mr. Ruby and Mr. Marcello do for a living?

In their war against organized crime and essentially the Mafia, President Kennedy and his brother Attorney General Robert Kennedy were never able to convict any members of the Marcello crime family. And Marcello didn’t make his admission of guilt until he was serving a long prison sentence as a result of an FBI sting.

The FBI groomed an informant who became Carlos Marcello’s cellmate. These tapes have never been released but they reveal the godfather standing in the prison yard, flying into a rage and cussing the Kennedys.

Marcello confessed that he’d also met Lee Harvey Oswald and brought him into the plot via that Louisiana character David Ferrie, played by actor Joe Pesci in Stone’s  “JFK.” Now it is coming to light that the movie was very close to the truth.

A fictional account of the JFK assassination titled “Deadly Delusion” by Jim Jarman is also very close to the real truth. Jarman describes how Oswald had been groomed to be a patsy for a couple of years by a special rogue unit of the CIA with a dotted line to the Mafia. Oswald was not a marksman, but the perfect fall guy.

Marcello also admitted that it was he who had set up Jack Ruby “in the bar business in Dallas.” Ruby did his bit for the Marcello plot when he killed Lee Harvey Oswald before he could implicate anyone else. Later Ruby died in his cell just two weeks before he was scheduled to give new testimony before a Congressional investigation.

Leading up to the crime of the century was the crime of the decade. Marilyn Monroe was found naked facedown on her bed, dead. The mass media chimed in immediately with stories of her drug use. The LA coroner’s report stated that the starlet died from an overdose of barbiturates. Yet, her stomach is nearly empty with no pill residue and no vomit on her bed of floor.

The story not widely circulated for decades, was that Sam Giancana (with CIA connections) had Monroe murdered by a team of four hit men who entered her home, taped her mouth shut with duct tape and squirted a lethal suppository of barbiturates and chloral hydrate into her rectum so there would be no vomit or deposits in her stomach. Like Marcello, Giancan lost millions in casino holdings in Cuba and was enraged over the failed “Bay of Pigs fiasco.” Adding insult to injury, Bobby Kennedy was going after the Chicago and New York mafia. Let’s not forget that the Kennedy family made its fortune from Papa Kennedy, a mafia drug and rum runner from Al Capon’s days.

Marcello does not care who knows that he help orchestrate the assassination of President John F. Kennedy. The former mobster boss also claims that he knew Jack Ruby, and he had him kill Lee Harvey Oswald.

Malcolm Wallace who was on LBJ’s payroll for special projects for more than 10 years.  He was a “hit man” and a expert marksman who had murdered as many as 18 or 19 people for Lyndon Johnson, according to the testimony of Johnson’s mistress, Madeleine Duncan Brown. There was one unidentified fingerprint at the time of the initial investigation of the sixth floor Texas Schoolbook Depositor. Finally in 1998 this fingerprint was identified as belonging to Malcolm Wallace.

Many crucial witnesses were brutally murdered right before their scheduled appearances to testify under oath before the House Assassination Committee. On 9th August, 1984, Billie Sol Estes’ lawyer, Douglas Caddy, wrote to Stephen S. Trott at the US Department of Justice. In the letter Caddy claimed that Billie Sol Estes, Lyndon B. Johnson, Mac Wallace and Cliff Carter had been involved in the murders of Henry Marshall, George Krutilek, Harold Orr, Ike Rogers, Coleman Wade, Josefa Johnson, John Kinser and John F. Kennedy. Caddy added: “Mr. Estes is willing to testify that LBJ ordered these killings, and that he transmitted his orders through Cliff Carter to Mac Wallace, who executed the murders.

“Madeleine recalled that ” after Johnson emerged from the Murchison meeting he walked up to her, and grabbed her by the arms and whispered in her ear, “After tomorrow those S.O.B.’s, the Kennedy’s, will never embarrass me again – that’s no threat – that’s a promise.”

The next morning Kennedy and Johnson got into a heated argument over the motorcade seating arrangements. Johnson insisted that his friend Connally and his wife ride with him in the rear vehicle. When Kennedy refused, Johnson stormed out of the room in a rage.

The next morning, Johnson’s Secret Service men came up to the motor cycle police and told them that the parade rout had been changed. It would no longer be going straight down Main St. but it would be making a turn onto Houston Street. They also told the motor cycle police not to ride next to the Presidents car, but to make sure that they stayed back behind the car, so that the crowds of people (and the assassins) would have a unrestricted view of the President. Johnson also changed the order of the cars in the motorcade, instead of his car being second, he put a car load of Secret Service men between his car and the President’s.

What is a community organizer? ACORN stands for Association of Community Organizations for Reform Now — James O’Keefe and Hannah Giles expose ACORN fraud

Citizen journalists exposed ACORN on camera. Now the Obama/Democrat politicians have to sever their ties with the socialist group famous for ballot stuffing, voter registrations by the tens of thousands and illegal loans by the thousands (helping fuel the financial meltdown).  The two citizen journalists asked for tax advice on opening up a house of prostitution and got some good tips from ACORN staff members. 

 

The interview was taped and now Obama has some explaining to do. Why did he pick 9-11 for the first annual day of service? Now ACORN will forever be tied to a tragic day in American history. ACORN is a brownshirt political activist group hired to rig local elections and beef up poor and illegal numbers for federal aid.  What a shitty organization? My god! 

 

Two employees at the Baltimore, Maryland, branch of the liberal community organizing group ACORN were caught on tape allegedly offering advice to a pair posing as a pimp and prostitute on setting up a prostitution ring and evading the IRS.

The video  was recorded and and posted online Thursday by James O’Keefe, a conservative activist. He was joined on the video by another conservative, Hannah Giles, who posed as the prostitute in the filmmakers’ undercover sting.

Wonder why the New York Times or Washington Post didn’t think of doing this kind of real journalism? I think you know the answer.

The video shows the pair approaching two women working at the ACORN Baltimore office and asking them for advice on how to set up a prostitution ring involving more than a dozen underage girls from El Salvador. One of the ACORN workers suggests that Giles refer to herself as a “performing artist” on tax forms and declare some of the girls as dependents to receive child tax credits.

“Stop saying prostitution,” the woman, identified by the filmmaker as an ACORN tax expert, tells Giles. The other woman tells them, “You want to keep them clean … make sure they go to school.”

Both woman appear enthusiastic to help. The tape is on YOUTUBE. Google it. 

James O’Keefe and Hannah Giles visited one of ACORN’s New York offices in August, where they picked up handy tips on how to lie on housing forms to cover up a prostitution business (”Honesty is not going to get you the house,” one ACORN official advises) and how to hide cash from their illicit business (”When you buy the house with the backyard, you get a tin…and you bury it down in there…cover it…and put the grass over it…”).

Watch the whole thing at Big Government. This is now the third videotaped sting exposing the ACORN racket’s law-undermining, truth-sabotaging counseling sessions.

If the Census Bureau no longer trusts ACORN to collect data as a result of these videotapes, why is Congress still allowing taxpayer money to be funneled to the ACORN Housing Corporation?

AHC has received an estimated $16 million in taxpayer funds between 1997-2007, according to the Employment Policies Institute.

 ACORN is now managing apartments in Bedford-Stuyvesant for the newly completed Atlantic Avenue Apartments.

 

The video footage — which has been edited and goes to black in some areas — was recorded and posted online Thursday by James O’Keefe, a conservative activist. He was joined on the video by another conservative, Hannah Giles, who posed as the prostitute in the filmmakers’ undercover sting.

The video shows the pair approaching two women working at the ACORN Baltimore office and asking them for advice on how to set up a prostitution ring involving more than a dozen underage girls from El Salvador.

One of the ACORN workers suggests that Giles refer to herself as a “performing artist” on tax forms and declare some of the girls as dependents to receive child tax credits.

 

 

 

 

Governor Sarah Palin, in her Wednesday night speech to 40 million Americans said, “I guess a small-town mayor is sort of like a ‘community organizer, except that you have actual responsibilities.” Sarah hit a grand slam with that one.

 

But what exactly were Barack Obama’s actions as of community organizer in Chicago?

 

It’s been hidden from the news that Obama was a member of the Association of Community Organizations for Reform Now, ACORN. Google ACORN and you may be surprised to find that it is a liberal/socialist organization involved in voter fraud. Look up the lawsuits ACORN is involved in.

 

 

Obama’s community organizing involved training grievance-mongers from ACORN.

Last week, Milwaukee’s top election official announced plans to seek criminal investigatioins of 37 ACORN employees accused voter registration fraud on a massive level.

 

Obama’s campaign apologized for failing to report $800,000 in campaign payments to ACORN. They were “accidently” filed with the Federal Election Committee as money sent to “get-out-the-vote” and “advance work.”

 

The New York Post has more quotes today from upset community organizers. Joshua Hoyt, executive director of the Illinois Coalition for Immigrant and Refugee Rights, says: “I don’t like seeing the really hard work that goes on in really poor communities being demeaned by cheap politicians.”

 

Hard work such as signing up non U.S. citizens as Democrats with voter cards.

 

The Arkansas connection
You know Acorn. You know the grassroots organization, now a national power, got its start here, led by Wade Rathke (pictured), who spent the group’s formative years wheeling and dealing in Little Rock before moving to New Orleans. The local affiliate remains a powerful voice for poor people.

Depending on your point of view, you’ll be saddened or gladdened to learn this shocking news:

The New York Times reports today that founder Rathke’s brother embezzled $1 million from the organization eight years ago and the matter was handled internally.He stayed on the payroll until a month ago, when whistleblowers finally forced him out.

Wade Rathke said the organization had signed a restitution agreement with his brother in which his family agreed to repay the amount embezzled in exchange for confidentiality.

Wade Rathke stepped down as Acorn’s chief organizer on June 2, the same day his brother left, but he remains chief organizer for Acorn International L.L.C.

He said the decision to keep the matter secret was not made to protect his brother but because word of the embezzlement would have put a “weapon” into the hands of enemies of Acorn, a liberal group that is a frequent target of conservatives who object to its often strident advocacy on behalf of low- and moderate-income families and workers.

Wade Rathke said he learned of the problem when an employee of Citizens Consulting alerted him about suspicious credit card transactions. An internal investigation uncovered inappropriate charges on the cards that led back to his brother.

“Clearly, this was an uncomfortable, conflicting and humiliating situation as far as my family and I were concerned,” he said, “and so the real decisions on how to handle it had to be made by others.”

If one of the prosperous businesses or public officials Rathke and Acorn have bedeviled and humiliated over the years had offered this alibi for wrongdoing, they would be in Lompoc right now.

Major city newspapers will go nonprofit to keep influence

Major cities such as San Francisco, Washington D.C., LA, Chicago, New York, Houston and Philadelphia may convert the serviving newspapers into nonprofits to keep their political and philanthropic status. 

The San Francisco Chronicle will be the first to test the entity. 

San Francisco investment banker Warren Hellman and other prominent SF  lawyers and investors made an informal proposal  last week to Hearst, owners of the San Francisco Chronicle about helping the troubled daily paper become a nonprofit, San Francisco attorney Bill Coblentz told the SF Business Times.

Hellman and Coblentz discussed the idea, then Coblentz conveyed it to former San Francisco Examiner editor and publisher William R. Hearst III, who is a Hearst Corp. director and an affiliated partner with Kleiner Perkins Caufield & Byers. William is one of the working Hearsts who lives in the Bay Area and keeps touch with The Chronicle on a daily basis. It’s unofficially the Hearst flagship, though in money making ability, their Houston Chronicle is by far the financial headquarters. 

“What happened after that, I don’t know,” said Coblentz, who is out of town.

The proposal would be for a nonprofit corporation “to take over the Chronicle,” with Hearst Corp. continuing to provide some philanthropic support, Coblentz said. Details remain sketchy. It’s unclear if the proposal is being seriously considered.

 

Editorial-wise they are already PBS in print, aren’t they? 

 

Obama — what do you know about ACORN and the garden to nowhere?

Inside the Chicago Democrat machine

Updated: 10/11/08

By Mick Gregory

Watch John McCain roll up his sleeves and bring up ACORN, the Citi Bank intimidation lawsuit, the Annenberg $100 million to nowhere and Tony Rezco.

Jailed political fundraiser Antoin “Tony” Rezko, the Chicago real estate developer who helped launch Barack Obama on his political career, is whispering secrets to federal prosecutors about corruption in Illinois and the political fallout could be explosive.

Democratic Gov. Rod Blagojevich, whose administration faces multiple federal investigations over how it handed out jobs and money with advice from Rezko, is considered the most vulnerable but second is non other than Barack Obama.

Rezko also was very friendly with Obama – offering him a job when he finished law school, funding his earliest political campaigns and purchasing a lot next to his house.

Rezko showed Obama around to the king makers and linked him up with Bill Ayers. The rest as they say is history.

Here is another story that  appears to be felony fraud, but you didn’t read it in the New York Times, San Francisco Chronicle or Washington Post. The tabloid Chicago Sun-Times reported a $100,000 state grant for a botanic garden in Englewood that then-state Sen. Barack Obama awarded in 2001 to a group headed by a onetime campaign volunteer is now under investigation by the Illinois attorney general amid new questions, prompted by Chicago Sun-Times reports, about whether the money might have been misspent.

The garden was never built. And now state records obtained by the Sun-Times show $65,000 of the grant money went to the wife of Kenny B. Smith, the Obama 2000 congressional campaign volunteer who heads the Chicago Better Housing Association, which was in charge of the project for the blighted South Side neighborhood.

Smith wrote another $20,000 in grant-related checks to K.D. Contractors, a construction company that his wife, Karen D. Smith, created five months after work on the garden was supposed to have begun, records show. K.D. is no longer in business.

Attorney General Lisa Madigan — a Democrat who is supporting Obama’spresidential bid — is investigating “whether this charitable organization properly used its charitable assets, including the state funds it received,” Cara Smith, Madigan’s deputy chief of staff, said Wednesday.

In addition to the 2001 grant that Obama directed to the housing association as a “member initiative,” the not-for-profit group got a separate $20,000 state grant in 2006.

Madigan’s office has notified Obama’s presidential campaign of the probe, which was launched this week. But Obama’sactions in awarding the money are not a focus of the investigation, Smith said.

Questions about the grant, though, come as spending on local pet projects has become an issue in Obama’s campaign against John McCain.

Obama andKenny Smith announced the “Englewood Botanic Garden Project” at a January 2000 news conference at Englewood High School. Obama was in the midst of a failed bid to oust South Side Democratic Rep. Bobby Rush for a seat in Congress. The garden — planned near and under L tracks between 59th Place and 62nd Place — fell outside of Obama’s Illinois Senate district but within the congressional district’s borders.

Obama vowed to “work tirelessly” to raise $1.1 million to help Smith’s organization turn the City of Chicago-owned lot into an oasis of trees and paths. But Obama lost the congressional race, no more money was raised, and today the garden site is a mess of weeds, chunks of concrete and garbage. The only noticeable improvement is a gazebo. The only tree was sawed down and removed.

The “garden to nowhere” ended up in the pockets of Obama’s campaign staff and maybe Obama himself.

In a previous interview, Smith said the state grant money was legitimately spent, mostly on underground site preparation. Underground? You mean out of sight.

But no one ever took out construction permits required for such work, city records show. And a contractor who Smith said did most of the work told a reporter all he did was cut down trees and grade the site with a Bobcat.

Citing the garden’s failure to take root, NeighborSpace — an umbrella group for dozens of community gardens citywide — moved Sept. 9 to return the site to the city. Its action followed a July 11 Sun-Times report on the grant.

Obama spokesman Michael Ortiz said Wednesday the senator’s staff in Washington will monitor the Madigan probe and an additional review under way by Gov. Blagojevich’s administration to make sure “the taxpayer funds allocated for the construction of the garden are recuperated from CBHA if the agencies determine that the funds were not properly spent.” Obama’s goal is to ensure the site “be used in a way that benefits the community and that any taxpayer dollars allocated are spent wisely,” Ortiz said.

The relationship between Smith and Obama dates to at least 1997, when Obama wrote a letter that Smith used to help the housing association win city funding for an affordable-housing development near the garden site. Plans called for more than 50 homes; a dozen ultimately were built.

Smith also has donated $550 to Obama campaign funds.

The Sun-Times learned about Karen Smith’s involvement in the project through an Aug. 12 Freedom of Information Act response from a lawyer for Blagojevich¹s Department of Commerce and Economic Opportunity. The department, according to the lawyer, had ³discovered² 52 pages of ³additional documents² omitted from an initial response in May to a Sun-Times¹ Freedom of Information Act request about the grant.

Neither Smith nor his wife has been accused of any wrongdoing. Smith and his lawyer did not return repeated calls seeking comment.

In an interview in July, Smith said he was never able to raise the money needed for the garden. But the state grant awarded by Obamawas spent properly, he said, on the undergroundwork, withmost of the work done by a contractor whose name Smith got wrong.

The Sun-Times tracked down the contractor, Rodolfo Marin, in Austin, Texas, where he now lives.

“What I was hired for was: Clean up the area and cut the trees — that’s all,” Marin said. He said he rented a Bobcat — a sort of small bulldozer — for the project. “If he spent about $3,000 with me, that was too much.”

Visit this link for more details: http://newsbusters.org/blogs/tom-blumer/2008/09/07/barack-obamas-1-1-million-botanical-garden-er-100-000-gazebo

McCain showed true leadership by stopping his campaign and asking Obama, the Jr. Senator from Chicago Illinois, to help organize a financial bailout loan. What did he get for it? He was insulted by the Democrat leadership.

So why did the Democrats earmark millions to ACORN?

This is what Lindsey Graham said on the Greta Van Susteren show: “And this deal that’s on the table now is not a very good deal. Twenty percent of the money that should go to retire debt that will be created to solve this problem winds up in a housing organization called ACORN that is an absolute ill-run enterprise, and I can’t believe we would take money away from debt retirement to put it in a housing program that doesn’t work.”

Note: ACORN is a front group for Democrat/Socialists convicted of massive voter fraud. Google it yourself.

Ike — the cleanup. FEMA is a perfect example of U.S. Congressional oversight — FEMA semi-trucks filled with ice sit for days in staging area

The largest hurricane to hit Texas in recorded history exposes heroes and losers. Free enterprise, private sector businesses are the heroes. No. 1 – HEB supermarkets were open within 24 hours of the storm throughout Houston with truckloads of ice, food and water.

Walmart and Sam’s Club gets the No. 2 award for full service within 48 hours.

FEMA is a disgrace and should be shut down. There are hundreds of generator trucks parked at Sam Houston Race Track with no apparent system to distribute them. A new report by “Pat and Ed” on 700 AM radio has the FEMA ice trucks sitting idle at the Reliant Stadium stageing center for nearly a  week, then sent to an air base in Sagine, Texas to melt out of sight at an air force base.

This is an example of the waste of the Congressionally managed FEMA project.

Joke of the day: Callers were giving advice on gas station openings, supermarkets with ice and FEMA POD locations.

A joker called in to report that FEMA was handing out $500 checks for those who arrived at the George R. Brown convention center at 5:00 a.m. Hundreds showed up to find it was a hoax. (This ain’t New Orleans).

Instead of free money, some aggressive “victims” were arrested for disorderly conduct and out during the dawn to dusk curfew.

Hillary’s slow motion speech — Night of the orange pantsuit

Don’t you find it  repulsive the way “leaders” like Hillary talk so slow and dumb down their speeches. You know that the Harvard grad speaks a mile a minute with her elitist friends at cocktail parties.

Getting back to her speech and slide show showing baby pictures… WTF?

You missed Hillary’s little sideshow. She pointed out the son and wife of two of her super delegates who died within the last 10 days, one of gunshots, the other was found in her car (brain dead from a stroke).

 

Then she mentioned a cancer victim she met who wrote “Hillary” on her bald head who didn’t have medical coverage and was pleading  for Universal  Health Care. Well, how was she getting treatment? She actually was getting chemo treatments from a local clinic.

She failed to mention another similar incident on the campaign trail. Remember the man that came into her headquarters (Hillary was in another state)  with a bomb and gun asking to speak with Hillary about getting more federal government help for mental patients. The life-long Democrat is locked up now receiving medication.

Newspapers send thousands to ‘cover’ the Democrat National Convention

This is called journalism? Thousands of newspaper reporters are in Denver to “cover” the party and coronation of the Obama/Biden ticket.

In fact, 15,000 “journalists” are flocking around the DNC convention. For the Republican convention? Not so much.

Did you know that several of the Democrat delegates are reporters and publishers?

Here is one. I’m not kidding. His name is Thomas Martinet.

It’s all rehearsed, fluffed up press conferences, electronic press releases and speeches read off teleprompters on unity and “toned down” socialism with a mix of religion and race thrown in. And the press laps it up. Of course, more than 90 percent vote exclusively for Democrats. This is amazing considering they have no problem picking up stories from wire services for most of their other news.

Meanwhile, back at the dilapidated newspapers, they continue to cut jobs to try and slow the red ink. How could they afford to send reporters to Denver? I wonder how many of the schmucks are on their own dime. It’s like their visit to Mecca every four years. The reporters are among old friends who still believe they have power.

Is there ever a report of the fall off in the number of reporters at the Republican convention? How about questions on how many houses John Kerry owned? Or a question on Obama’s life in Chicago and Hawaii while his brother lives on a dollar a month in shack in Africa?

This report is one of the best I’ve seen on the state of newspapers. It comes from digitaldeliverance.com.

Ignorance isn’t bliss to the dying. Witness the pathos of American daily newspaper companies. Most have finally begun to realize that the deterioration of their businesses isn’t cyclical but grave. Yet few, if any, understand why. Almost all grasp for the reasons.

Some attribute their grave condition to advertisers suddenly switching huge portions of spending from print to online – an excuse that ignores more than 30 years of declines in those newspapers’ printed editions’ circulations and readerships. Some others attribute their deterioration to not having transplanted their content into online quickly enough -an excuse that ignores not only the dozen years they’ve spent transplanting it but how their online editions are now read even less frequently and less thoroughly than their printed editions.

Most of the print newspaper experts who diagnose these companies’ condition still prescribe stale nostrums such as more consumer focus groups, subscription price incentives, more stylish typography, or shorter stories. Meanwhile, most of the experts who diagnose these companies’ Web sites prescribe balms and accessories such as giving blogs to reporters, adding video, or having the readers themselves report the stories. American daily newspaper companies have long been too financially impatient to submit themselves to anything but ostensibly quick cures and they’ve even longer been too conceptually myopic to perceive the real reasons for their declines.

I’ll declare the real reasons. There are but two and neither has anything to do with multimedia, ‘convergence’, blogs, ‘Web 2.0’, ‘citizen journalism,’ or any ancillary topics you may have heard presented at New Media conferences this millennium.

Nor is either of the real reasons advertisers’ abandonment of printed newspapers. Their abandonment is a symptom, not the reason for the decline. To understand the real reasons why the American daily newspaper industry is dying, first understand why more and more Americans are no longer reading daily papers and how their abandonment of newspapers has been wrought by changes in their own media economics. Also comprehend why the epicenter of the newspaper industry’s problems in post-Industrial countries is America and exactly how grave the situation is there.

The Fate of American Daily Newspapers
More than half of the 1,439 daily newspapers in the United States won’t exist in print, e-paper, or Web site formats by the end of next decade. They will go out of business. The few national dailies — namely USA Today, The New York Times, and The Wall Street Journal — will have diminished but continuing existences via the Web and e-paper, but not in print. The first dailies to expire will be the regional dailies, which have already begun to implode. Those plus a very many smaller dailies, most of whose circulations are steadily evaporating, will decline to levels at which they will no longer be economically viable to publish daily. Further layoffs of staffs by those newspapers’ companies cannot avoid this fate – not so long as daily circulations and readerships continually and increasingly decline. (Layoffs are becoming little more than the remedy of bleeding that was used in attempts to cure ill patients during the 18th Century and cannot restore the industry’s health.)

‘Hyperlocal’ news startup companies, whose services will be delivered not on newsprint but online, might replace many small dailies, but not most, and certainly not before the printed products’ demise. The deaths of large numbers of daily newspapers in the U.S. won’t cause a new Dark Age but will certainly cause a ‘Gray Age’ for American journalism during the next decade. Much local and regional news won’t see the light of publication. (America alone won’t suffer this calamity. Many other post-Industrial countries’ newspaper industries will suffer or, at best, skirt a version of this disaster.)

Is the Situation Really That Bad? Yes. Look at the numbers.

Last year, the most authoritative newsletter covering the American newspaper industry intentionally went out of business. The Morton-Groves Newspaper Newsletter, in a front page editorial entitled ‘Passing the Inflection Point,’ co-publisher Miles Grove, the former chief economist of the Newspaper Association of America, politely stated:

“The market momentum guiding the future of newspapers is especially brutal in the larger markets. Many have already passed the point of opportunity as it is too late for newspapers that have not successfully adopted marketing practices needed to support the core product and integrate with alternative distribution channels …For those who have not made the transition, technology and market factors may be too strong to enable success.”

Last month, Goldman Sachs equity analyst Peter Appert put it more bluntly in a Reuters in a story about the dwindling number of equity analysts who still covering the deterioration of this $40 billion industry:

“If I covered only the newspaper industry, first of all I would have been fired a long time ago; secondly, I would have had to kill myself.”

Among the largest American newspaper companies, the losses of equity have been titanic. On the August day in when I write this, stock in the Journal Register Companyis trading for less than four pennies per share, down from $3.25 a year ago, a loss of 99 percent. Any of the buildings housing any of its 22 daily newspapers is worth more than the company’s current stock market capitalization (currently $1.4 million). Journal Register reports that it has $77 million in assets, $719 million in liabilities, and lost $102 million last year. Standard & Poor’s, which downgraded its rating of Journal Register’s stock to junk, has now withdrawn any rating of it. Meanwhile, stock in Gatehouse Media, which publishes 97 dailies, is trading at 57 pennies per share, down from $22.00 two years ago, a 97 percent loss. That company faces delisting by the New York Stock Exchange and the equity research firm Morningstar this week declared its stock to be essentially worthless, valuing the fair price as zero.

Meanwhile, stock in the McClatchy Company, which publishers 30 dailies, has dropped from $74.30 three years ago to $3.78, a 95 percent loss. Stock in Lee Enterprises, which publishes 51 dailies, has dropped from $48.57 to $3.83, a 92 percent loss during the past four years. Media General, which publishes 25 dailies, has seen its stock price drop 83 percent in the past four years. Stock of The New York Times Company, which publishes 17 dailies, has dropped 75 percent during the past six years, from $51.50 to $12.98. Stock in Gannett Company, which publishes 85 dailies, has dropped 65 percent, from $90.14 to $17.40, during the past four years. Despite these results, Morningstar still calls newspapers, “the market’s most overvalued stocks,” according to the newspaper industry trade journal, Editor & Publisher.

The American newspaper industry’s losses of advertising revenues have been so well reported elsewhere that I see no need to outline those here. Likewise the industry’s losses of weekday and Sunday circulations, except that the industry maintains the façade that its overall circulation losses during the past three decades have been relatively minor. Weekday overall circulation was 62 million in 1970, dropped to 55.8 million at the turn of the century, and is approximately 53 million today. An overall loss of 9 million or 14.5% isn’t paltry but doesn’t seem that bad in the span of 38 years.

However, those absolute numbers fail to account for population growth during that time. The American population was 203 million in 1970 and 304 million today. Had the American daily newspaper industry at least kept pace with population growth, its weekday circulation should be 93 million today, not 53 million. The industry’s weekday penetration proportionate to population dropped from 30.5 percent 1970s to 17.4 percent to today, a relative decline of 43 percent.

To combat news of these declines, the industry has stretching its yardstick of readership plus begun conflating daily print circulation and monthlyonline usage. Its readership estimates vary from 2.3 people to 2.5 people per printed copy, numbers which, if true, would also mean that the majority of people who read a daily newspaper don’t themselves purchase it. More likely, the industry is stretching readership to mean the number of people who might live in a household where at least one person happened to buy or subscribe to a newspaper. But the other 1.3 to 1.5 people haven’t necessarily read it.

An independent survey released this month by the Pew Research Center for the People & the Press reported that 46 percent of Americans a newspaper ‘regularly‘, down from 52 percent two years ago and as high as of 71 percent in 1992. Moreover, only 34 percent say they read a newspaper ‘yesterday‘, down from 40 percent two years ago.

Meanwhile, the industry has begun combining its Web sites’ total number of monthly users and its printed editions’ daily circulation totals – even though the average monthly unique user of the average American daily newspaper Web site use the site on only four to seven days per month. The resulting muddle of daily and monthly vastly overstates the number of people who use a newspaper daily, whether in print or online.

Despite those financial, advertising, circulation, and readership declines, an article of faith among newspaper companies has become that the cure lay online. The most widely prescribed remedies are multimedia (also called ‘convergence’) and interactivity (mainly in forms of ‘Web 2.0’ and ‘citizen journalism’). The companies hope that adding those attributes to what their newspapers have always done will reverse their industry’s fate.

Yet adding multimedia, convergence, interactivity, Web 2.0, and ‘citizen journalism’ to what their newspapers have always done aren’t cures but merely balms and accessories. No matter how well intentioned those New Media prescriptions are, no matter how much more animated or responsive multimedia and interactivity can make daily newspapers, adding those will prove to be little more than analgesics.

The absences of multimedia or interactivity aren’t why the circulations and readerships of American daily newspapers have been declining in relation to both population and households for more than three decades. Half of American newspapers’ declines in weekday circulation and readership relative to population occurred before the Internet opened to the public in late 1991, prior to popular awareness of interactivity or multimedia. Although Americans nowadays expect all media to have multimedia and interactive attributes, the absence of those attributes clearly aren’t the major causes of the deterioration of the newspaper industry nor will adding those reverse those declines.

So, what are the two reasons why the American daily newspaper industry’s is dying?

The major one is simply that American newspaper companies have violated a specific part of the Principle of Supply & Demand when consumers’ supply of news and information radically changed in the past 15 to 30 years. The other and more reasons why American newspapers are dying is because of how far too many of them have deviated from their local roots).

The major reason alone is a mortal wound for the industry, but the minor reason exacerbated it due to a corollary effect of newspapers’ violation of a Principle of Supply & Demand.

The editor-managed newspapers are a prime example of sad bastards.