Obama calls for more regulation of the internet. What could go wrong?

I am a big believer in the adage, "If it ain't broke, don't fix it." President Obama has other ideas when it comes to the internet. Fox News: President Obama threw down the gauntlet Monday with cable companies and Internet providers by declaring they shouldn’t be allowed to cut deals with online services like YouTube to move their content faster. It was his most definitive statement to date on so-called “net neutrality,” and escalates a battle that has been simmering for years between industry groups and Internet activists who warn against the creation of Internet “fast lanes.” The president’s statement swiftly drew an aggressive response from trade groups, which are fighting against additional regulation, as well as congressional Republicans.  "We are stunned the president would abandon the longstanding, bipartisan policy of lightly regulating the Internet and calling for extreme" regulation, said...(Read Full Post)

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