FRONT PAGE CONTRIBUTOR
The Obama Administration hurts another industry
Objective analysts are beginning to weigh in on the consequences of the FCC’s Net Neutrality-driven actions against the Internet. Guess what: they’re saying ISPs are looking worse off for it. Says Barron’s:
Bernstein Research analyst Craig Moffett, a long-time bull on the cable sector, this morning turned cautious on the group, downgrading Comcast (CMCSA), Cablevision (CVC) and Time Warner Cable (TWC) to Market Perform from Outperform.
How exactly is FCC Title II Regulation of ISPs going to improve competition and make things better for the little guy when it’s going to be harder for ISPs to make a profit, and therefore harder for new ISPs even to enter the market to begin with?
Because they were never for the little guy to begin with. Ever. The Obama administration never has and never will do anything but punish digital libertarians, and the rest of us are along for the punishing ride. Elections have consequences, after all.