Umm... why not?
Good question.
First attempt at good answer: Because Gonzo journalism, if done well, can certainly be entertaining, but it generally sucks at being informative. And because, in this community, we generally prefer informative.
Except when we don't.
Second attempt at good answer: Because Gonzo journalism is so rarely done well.
Query: by what objective criteria do we determine whether a political decision is rational?
I propose that the key elements -- necessary but not sufficient -- are (where "you" refers collectively to everyone involved in the decisionmaking process):
If an argument satisfies all of these requirements, it is at least provisionally rational. If it fails any one of them, then it's not rational and needs to be corrected or discarded.
This is not a circular definition (defining "rationality" by referring to "reasonable" things, where "reasonable" depends on people being "rational"); it is more like a recursive algorithm, where large ambiguous problems are split up into smaller and smaller sub-problems until we get to a size where the ambiguity is negligible.
This is not one great moral principle; it is more like a self-modifying working process (subject to rational criticism and therefore improvable over time -- optimization by successive approximation). It is an attempt to apply the processes of science (or at least the same reasoning which arrived at those processes) to political discourse.
So... can we agree on this?
This is a hugely, vastly, mindbogglingly trimmed-down version of what I originally posted. All comments prior to 2010-08-26 20:52 (EDT) refer to that version, which I have reposted here for comparison purposes and for the morbidly curious. (It got voted down to negative 6. Twice.)