Breaking: Air America to declare bankruptcy? Update: Up for sale? Update: AAR denies (Bumped)

They weren’t good enough, they weren’t smart enough, and gosh darn it, nobody liked them.

Pathetic attempt at spin by Think Progress, too. As befits the occasion.

Update: Radio Equalizer is on it. Peace sells, but who’s buying?

Update: The start of a trend? The world’s greatest watchblog wonders.

Update: A spokesman for AAR says Think Progress got it wrong. Franken has, however, copped to “cash-flow problems”