It's Official: The New York Times is Junk

Mark Skousen reports:

Friday, the New York Times endorsed Barack Obama for President as “the right choice” to follow the “battered, drifting and failed leadership” of George W. Bush.

That wasn’t a surprise. The real news came from another part of town: Yesterday, Standard & Poors slashed the New York Times rating on its $1 billion debt to “junk” status.

Here's a picture which tells the failed story of the NYT.