The New York Times — unrelenting champion of the underprivileged, mighty battler against all corporate evils, and vehement opponent of Republican tax cuts for the "rich and powerful" — lives by a far more self-serving motto: All the corporate welfare that's fit to collect.

You won't see it reported on the Times' front page, so here's the scoop: The Gray Lady is a greedy leech, siphoning off millions of dollars in state taxpayer subsidies for private real estate development disguised as a public good. Now, the company stands to benefit from a federal tax-exempt bond program intended to help businesses devastated by the September 11 terrorist attacks.

It has been revealed that the Times Co.'s development partner for the headquarters project has asked city officials for $400 million in federally financed "Liberty Bonds." The federal program was meant for rebuilding in New York City's September 11 disaster zone, not for subsidizing a private newspaper's long-planned palatial ambitions.[...]