Surprise! Comcast Doesn’t Own Obama

Citizen Wealth Financial Justice
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20110101_ldd001New Orleans    Well, another country heard from! President Obama seems to be shaking off the midterms by stepping up his game. He came out forcefully for “net neutrality.” That’s not really news, he’s always said that he was for net neutrality, but this time he finally came out foursquare for the internet being classified as a public utility. Furthermore, he was against the fast and slow lanes for the internet that has been proposed by big cable and internet companies to further monopolize their cash machine, while denying net neutrality. 

Of course all of this was the President joining the rest of us in heaving a rock at the windows of the Federal Communications Commission (FCC). Admittedly, four million people have now weighed in on this question of the FCC holding hearings and determining the future status of the internet, the vast majority arguing decidedly for net neutrality and for full utility classification like electricity, telephones, and the like, but still his rock has a lot of weight. Unfortunately, the FCC is more beholding to Congress than the President once they are appointed for both their budget and legal implementation, and more than just me are still scratching our heads at why he named a corporate communications lobbyist and trade association executive as chair of the FCC, so it’s not like they are jumping to attention at his call.

But, let’s celebrate the good news where we find it, even as we acknowledge that the struggle is still fierce. The stock market understood the message well enough and pulled down the stocks and value of Comcast and the like by 4% in the wake of the President’s remarks, because they get the fact that big, bad, bully Comcast is not going to be happy with even a compromise on this issue since they want it all, all of the time. Comcast likely overstepped again and over-estimated the buddy-buddy relationship they were claiming for their executive vice-president David Cohen with the President and thinking that his living room fundraisers with Obama allowed them to stake a quiet claim to his silence on this issue, which he has maintained over recent years. The President’s remarks made it clear they may have made some down payments, but they don’t own his farm.

No matter how many times Comcast and others want to claim that they need a monopoly machine to keep the tech wave rolling, their loud roar can’t seem to drown out the voices of Netflix and others saying, “nay!” Reports of a meeting between Vimeo, Kickstarter, and other internet upstart darlings begging the White House and Obama advisers to ride hard with the rest of us against the bullies and earlier meetings with Facebook, Google, and others, make it impossible for Comcast and the like to claim that they speak for Silicon Valley and innovation.

These days we have to be honest with ourselves. We’re never going to win this hands’ down. Whatever emerges will be a sloppy compromise with dreams dragging and lawyers rushing into court, but at least the Comcast con has been called, and more and more of our allies are stepping into the fight so we’re not going to get bulldozed.

Now if we could just get the same support in bridging the digital divide….

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