I will try and post an update to this comment - if I can find it - from either Hugh Hewitt or Michelle Malkin about George Soros spending some God-only-knows how many millions of dollars to prop up Air America for another six months. In the end, he could spend a billion dollars, but there is such a thing as a money pit, and it looks as if that’s all Air America is.

If you were the 3rd highest rated AM station in ANY market, only gross mismanagement would keep you from making a profit. People buy ads from stations where people listen to them. It is the free market at work. OK, so the Phoenix station claimed that they were making money, which just proves my point. Even though other Air America stations have been hemmoraging dollars for the past couple of years, some markets can apparently support “progressive” talk radio. So either the station manager was lying in his post, or they lost so much money in previous months that their investors were unwilling to wait for their payback.

Which takes me to the next point.

The last thing talk radio needs is no competition. For one thing, competition is good for business. Without competition, there is no need to improve the product. But more important, without competition, the left can come and try to stop talk radio because of the federal “Fairness Doctrine”, where you have to offer equal time to opposing views. Look for the left to try to force one of two things: unpaid equal time, or shut down talk radio if there is no “balanced view”.

Besides, there is nothing like listening to the nutcases on Air America rant about anything and everything that they hate about the right. The scary thing is that these people actually believe the things they say. The good news is that there are so few callers to Air America, that the looney left can’t have that many people out there.