Multi-Directional Censorship (photo courtesy of)

With all that we have thus far seen, things look quite grim from a free speech, free market perspective.  The groundwork for government information totalitarianism - favored by people like Hugo Chavez-loving FCC "Diversity Czar" Mark Lloyd and Marxist "media reform"-outfit Free Press founder Robert McChesney - is being laid in the Plan being crafted by FCC Chairman Julius Genachowski.

As we first reported, the Center for American Progress (at which Lloyd was then a Senior Fellow) and McChesney's Free Press co-authored the deeply flawed, anti-conservative and Christian talk radio "report" entitled The Structural Imbalance of Political Talk Radio.

But their shared disdain for free speech and the free market extend way beyond just this.   These "media reformers" seek to eradicate most or all private ownership of all information delivery - be it by radio, television or the internet - thereby leaving the federal government as sole purveyor. 

Want more evidence print media is giving way to digital formats? According to CNBC "Squawk on the Street" Nov. 3, Internet behemoth Google (NASDAQ:GOOG) could have its sights set on The New York Times (NYSE:NYT).

Brian Shactman, a general assignment reporter for CNBC noted an article in the Nov. 2 Wall Street Journal that indicated a lot of big companies are hoarding cash and short term investments and it pointed out the information technology sector had nearly $280 billion to invest.

"There's so much talk today about M and A," Shactman said of mergers and acquisitions. "Well let's look it forward - some names out there that could be in the offing, some things to think about. Remember The Wall Street Journal said yesterday tech has about $280 billion to work with. Remember Google said they wanted to make about one acquisition a month. They have the cash - they got to speed up."

The Washington Post's new employee guidelines for the use of online social networks such as Twitter and Facebook have sparked a debate over the proper role of new media for journalists, and the objectivity of major media outlets generally.

The Post's new guidelines, handed down from on high by Senior Editor Milton Coleman, disregard the potential of new media to engage readers in a conversation about the paper's reporting. Rather, the new social media policy attempts to buttress the Post's supposed objectivity, at the expense of journalistic transparency.

The Post's rules forbid employees from "writing, tweeting or posting anything—including photographs or video—that could be perceived as reflecting political, racial, sexist, religious or other bias or favoritism that could be used to tarnish our journalistic credibility" and prohibit "the discussion of internal newsroom issues such as sourcing, reporting of stories, decisions to publish or not to publish, personnel matters and untoward personal or professional matters involving our colleagues."

CNBC "Mad Money" host Jim Cramer credits lack of government regulation with a recent market jump in technology stocks. The tech-heavy NASDAQ composite (NASDAQ) shot upward 3 percent, from July 8 through July 23, even defying other market indexes that had down days in the same time period.

Cramer theorized on his July 23 show that the tech sector during that time period, despite the setback on July 24 in the wake of news that Microsoft (NASDAQ: MSFT) reported lower than expected earnings - because of government.

"So, now let me explain a pattern that I've discerned that could be incredibly important - important for you to take profits on if President Obama regains his clout and starts pushing hard with the rest of his agenda," Cramer said. "Everyone today wrote him off because of health care. I got to tell you, you can't write this guy off. He's too darn popular."