5/05/2011

Be serious Mr. President: Obama administration says that anything done to stop new Obama regulations will hurt job creation

From CNET:

The head of the Federal Communications Commission will warn Congress not to repeal the controversial Internet regulations enacted last December, CNET has learned.
Undoing the agency's Net neutrality rules will "increase uncertainty, decrease investment, and hurt job creation," FCC Chairman Julius Genachowski will say, according to a draft of his prepared remarks.
Genachowski will offer an unyielding, point-by-point defense of the FCC's 3-2 vote, which fell along party lines, saying that it's already increased investment and that relying on antitrust laws to police errant behavior would be "problematic" and "ill-suited to the fast-changing nature of Internet technology."
The Democratic chairman's remarks highlight how polarized--and partisan--the Washington debate over regulation of broadband providers' business practices has become.
Robert McDowell, a Republican FCC commissioner, is also testifying before a House of Representatives committee and is likely to reprise his earlier warnings that the agency has no legal authority to enact the rules, that antitrust laws are sufficient, and that the regulations will cause more harm than good. . . .

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1 Comments:

OpenID DougHuffman said...

Created jobs are not value. Jobs are an invitation to pick over the bones of our economy.

Atlas is truly shrugging.

5/05/2011 6:38 AM  

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