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Cable stocks fall after Obama backs Net Neutrality
Associated Press ^ | Nov 10, 2014 6:01 PM EST | Ken Sweet

Posted on 11/10/2014 4:31:31 PM PST by Olog-hai

Cable company stocks fell sharply Monday after President Obama called for the Federal Communications Commission to reclassify Internet access as a utility.

If the FCC were to approve the White House’s recommendations, the Internet would be regulated like other utilities such as electricity, water and telephone services. The White House is calling for an “explicit ban” on deals between broadband Internet providers and online services like Netflix, Amazon or YouTube to move their content faster, a potential new source of revenue for cable companies.

While the FCC is an independent agency, Obama’s statement could put political pressure on FCC commissioners and aligns the White House with Internet activists who warn against the creation of so-called Internet “fast lanes.” …

(Excerpt) Read more at hosted.ap.org ...


TOPICS: Business/Economy; Computers/Internet; Society
KEYWORDS: cablestocks; cablevision; charter; comcast; fcc; globalagenda; liberalagenda; netneutrality; obama; publicutility; twc

1 posted on 11/10/2014 4:31:31 PM PST by Olog-hai
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To: Olog-hai
Translation = Obama wants to Tax, Regulate and ultimately CONTROL what is said on the Internet

In other words Obama is saying we are here from the Government to help you out.....

No thank you Mr. Obama. The Internet is doing just fine.

2 posted on 11/10/2014 4:36:41 PM PST by Enlightened1
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To: Olog-hai
It occurs to me ... as should it to all, that someone has a finger on a button and it is not an agency, nor a presidency, nor a piece of paper

So obola calls on an agency to issue a decree

What if everyone just said 'no' and 'you make me'

Like carbon credits ...

(In my best KARNAK)

... ripping open the envelope, blowing into it ... looking ascance at Ed ... and saying .... huh ?.. ?

3 posted on 11/10/2014 4:36:48 PM PST by knarf (I say things that are true .. I have no proof .. but they're true.)
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To: Enlightened1

I can no longer get FOX nor CSPAN nor a bunch of other outlets without subscribing ... even if it’s free ... we all know it ain’t


4 posted on 11/10/2014 4:38:10 PM PST by knarf (I say things that are true .. I have no proof .. but they're true.)
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To: knarf

FOX is a free over-the-air network with crappy TV shows.

You must mean Fox News Channel.


5 posted on 11/10/2014 4:38:58 PM PST by GeronL (Vote for Conservatives not for Republicans)
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To: Olog-hai

>>>While the FCC is an independent agency<<<

In obamaland, there are no independent agencies. Only brownshirts.


6 posted on 11/10/2014 4:41:59 PM PST by Paulie (Get off the grid.)
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To: GeronL
Yeah, I did ... I guess I'm just old ... FOX UST'ABE just FOX

Haven't watched FOX news in ten or more years.

7 posted on 11/10/2014 4:42:52 PM PST by knarf (I say things that are true .. I have no proof .. but they're true.)
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To: Olog-hai

Net Neutrality should be simple.
1. I pay for Internet connection
2. Provider offers x download and y upload
3. End of story.

It is no business of the provider (a) who I access through their service (e.g., freerepublic.com) or (b) if I use the service to capacity 24x7.

Tax issues aside, making internet service a utility, just like a phone, makes sense. Our phone companies cannot tell us who to call or how long we can be on the phone.

But, alas, nothing is as simple as all that.


8 posted on 11/10/2014 4:49:38 PM PST by Reno89519 (For every illegal with a job, there's an American without one.)
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To: Olog-hai

Shouldn’t he be asking Congress to act instead of calling on a commission to act...or am I misreading the Constitution?


9 posted on 11/10/2014 4:53:40 PM PST by gorush (History repeats itself because human nature is static)
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To: Enlightened1; All

After that Obamacare debacle, I don’t trust anything this sleaze ball narcissist puts forth.

If congress does try to pass something, we better get to see what is in it before they try to pass it.

Getting so I don’t much trust the pubbies either. Everyone in DC is so desperate for money, they are going to try to tax anything they can get their grubby hands on, including our retirement savings. Watch out for moves in that direction!


10 posted on 11/10/2014 4:59:02 PM PST by jacquej ("You cannot have a conservative government with a liberal culture." (Mark Steyn))
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To: gorush

Congress who?


11 posted on 11/10/2014 5:05:43 PM PST by Revel
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To: Olog-hai

Not to worry. If you like your internet, you can keep your internet.


12 posted on 11/10/2014 5:06:29 PM PST by all the best
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To: Olog-hai

Obama vs Cable monopolies/duopolies. No one to cheer for here.


13 posted on 11/10/2014 5:24:15 PM PST by PAR35
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To: PAR35

Comcast and TimeWarner are Baraqqi partisans.

I’m confused here...something is fishy....


14 posted on 11/10/2014 5:26:49 PM PST by nascarnation (Impeach, Convict, Deport)
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To: Olog-hai
While the FCC is an independent agency,...

Right, yes, I believe that...

FMCDH(BITS)

15 posted on 11/10/2014 5:53:11 PM PST by nothingnew (Hemmer and MacCullum are the worst on FNC)
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To: Enlightened1

Net neutrality has nothing to do with “what is said on the Internet.”


16 posted on 11/10/2014 6:06:51 PM PST by Conscience of a Conservative
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