Working journalists may have taken some private comfort from last week's announcement that Malcom S. "Steve" Forbes would seek the Republican presidential nomination. After all, if Mr. Forbes - a onetime reporter - could do it, then maybe any journalist could aspire to the nation's highest office.

O.K., so Mr. Forbes inherited a fortune - enough to finance a presidential campaign - as well as the top job at a major financial publication that bears the family name. That makes him something more than your average beat reporter. But no matter. Just as John F. Kennedy made it safe for Catholics to run for President, Mr. Forbes could make the notion of the reporter-President respectable.

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