Here is the announcement from her site. I’ve added some editorials along the way.
I’m delighted that today we [and by ‘we’ I mean my flunkys] are launching a new venture — The Huffington Post Investigative Fund. This nonprofit Fund [which, fortunately, doesn’t mean we can’t make money, it just means we don’t pay income taxes] will produce a wide-range of investigative journalism [well, within an ideological framework, of course] created by both [crack] staff reporters and [flaky] freelance writers. As the newspaper industry continues to contract [that sounds nicer than “deep six,” don’t you think?], one of the most commonly voiced fears [of the Left] is that investigative journalism will be among the victims of the scaleback [is that even a word, oh well, it is now]. And, indeed, many newspapers are drastically reducing their investigative teams [so I hope to be able to hire them for peanuts]. Yet, given the multiple crises we are living through [caused all by, oh, I can’t even say his name…Bush], investigative journalism is all the more important [in assisting Democrats’ attainment of absolute power]. As a result, all who recognize the indispensable role good journalism [read: Left leaning] plays in our democracy [snicker] are looking for ways to preserve it during this transitional period for the media [or at least until Nancy figures out a way to bail them out]. For too long [since Fox news and that deplorable Sean Hannity], whether it’s coverage of the war in Iraq or the economic meltdown, we’ve had too many autopsies and not enough biopsies [no, I’m not sure what that means either, but it sounds intelligent]. The HuffFund [I made that up, isn’t it wonderful? I mean, it just came to me in the middle of the night, like, like it was handed to me by an angel] is our attempt to change this [so hand over your wallet you cheap bastard, Geithner won’t let me use TARP funds for this – even after all I’ve done for His Highness, and I won’t dare risk my own money].