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Newsweek Taking on Obama for Financial Benefit?

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    TownHall.com Political Editor Guy Benson on the political shift of a recent Newsweek magazine and whether it is a political or financial decision.

  • Duration 4:20
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God that's it says his biggest backers and must not be making any money off them like they used to singing its praises as president.

Well nothing speaks like losing a lot of green right.

Not exactly right -- and I think that I watch your show for years and I know that you're the type of guy -- interest did.

In charting market indicators that they what we're seeing here is something very clear which is Newsweek has tried.

Timing again when -- new model over the last year or so.

To put out one shock left wing cover after another the Bachmann cover comes to mind the one that you just put up on the screen of our Romney supporters are Obama critics dumb and -- the list goes on.

Apparently it's just isn't quite.

Doing the job for Newsweek and let's remember that Newsweek's actually gone through quite a bit of turmoil over the last two years they've changed ownership.

They've been losing money and there's rumors that they might stop printing actual hard copies of their magazines -- I think they're grasping for anything something.

To turn the ship around and if that means dumping on Barack Obama the man who -- -- one of their editors once called quote almost god.

After 2008 now whole action I think it shows the desperate straits that perhaps the Newsweek management find itself then.

You know it is -- -- state that when you look at front publications those that are.

Even moderate to -- their approach the Wall Street Journal comes to mind I would say even USA today there are stabilizing did not growing -- other words -- increasing subscribers.

At a time some of their more liberal colleagues are losing subscribers so just a businessman and be alone would say.

You know there's money to be made in in fair and balanced now leaving that aside I think and to your point this could be bigger though this could be.

A sign that the left is frustrated.

With the guy they lionized little more than a few years ago is the second coming and there will be more of this coming I suspect.

Yeah I and a and a couple things in response to that.

I -- comes to this business model issue for Newsweek I think that they're not making necessarily a long term commitment.

To become a conservative magazine no no we do know is that.

I but I think what they're trying to do is have one provocative shock cover after another.

And that might work in little blips here -- there and I did see.

The guest host today for Rush Limbaugh -- listening he was encouraging concerns to go out and buy this particular issue of Newsweek to send a message to Newsweek.

I think over the long term that's not stable what is stable over the long term is fair and balanced I think that fox has proven that over what fourteen years now.

So.

When it comes to the ideological question -- -- that you raised at the end of that question.

I think you're right I think there are some real troubling signs here for Obama supporters and you open this segment by asking what ever happened to hope and change.

I was asking myself that precise question today as -- witnessed the president's a real news conferences first in two months.

Where he was blaming Mitt Romney for running a negative campaign and denying basic facts about what the Obama campaign has said.

What I mean -- -- -- -- what is heartache and its timing of that conference today able.

Well I thought it was.

It was incredible to watch in many ways because he came out there he finally answered questions to his credit had been as I said.

Pretty much almost of the day two months since he faced the white house press corps.

And wasn't answering questions from local DJs like what's your favorite color.

And hard hitting questions and you know inquiries like that so.

He was asked about the tone and tenor of his campaign.

And he I think telegraph that he is perfectly 100%.

Comfortable.

We is with the way the campaign is running and he tried to even kind of do this.

Piece of political jujitsu.

And claim like -- -- were not doing anything wrong were totally imbalanced the problem here is the nasty negative Romney campaign.

Which is up you know if we wanna get -- -- Psychological projection I think we -- on display in the White House briefing room today.

All right guy I know you're young guy but here's so because I know it firsthand.

I came to this network sixteen years ago today.

Fox News wow so look at that regulation that is not -- having fun all right no doubt friend got bad.