Telcos: The Internet Will Collapse If The Gov't Doesn't Gives Us Lots Of Money
from the proof,-please? dept
For a while now, we've been noting that whenever you hear people warning about the impending broadband crunch, it's politicians, consultants or lobbyists. When you actually talk to technologists, they point out that there's no problem and that normal upgrades will keep everything just fine -- even without having to do any kind of traffic shaping or violation of net neutrality.Yet, that won't stop the lobbyists, consultants and top marketing execs from claiming otherwise. A trade group heavily funded by AT&T is out yet again, warning that the internet will collapse by 2012 if "something" isn't done -- with that "something" being basically big government subsidies to the telcos. Consider it the telco bailout plan of 2009. Hell, if we're already bailing out Wall St. and Detroit, why not telcos as well?
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Filed Under: bandwidth crunch, broadband crunch, exaflood, net neutrality, subsidies, telcos
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What Happened to No Government Interference in Business?
That ended when Bush and his corprocratic cronies took over power in Washington, bonused themselves and their CEO buddies up the ass and basically gave the corporations carte blanche to run roughshod all over the rights of the individual the best interest of the shareholders and the economy in general. They all knew that they were on a short fuse and now that it's burned up and blown apart they leave the rest of us with little choice but to pick up the pieces and put dumpty dumb and his bro's back together again.
Bush's big mistake was simply that the bomb blew up a couple of months too early, otherwise he would have been out of office and able to blame all these problems on the administration that inherited them.
It's a freaking joke that the CEO's that ran their companies into the ground not only haven't been indited but that they are generally exiting with all their executive compensation and multimillion dollar golden parachutes intact.
Worse, for the most part these aren't the CEO's that actually founded these companies and were thus responsible for the job creation associated with these big firms but were simply professional CEO's that were excessively compensated for their reputations and supposed managerial acumen Some acumen, I sometimes wonder if baboons would have done better. The only difference is the number of bananas it takes to make a baboon happy is far less then the average F1000 CEO demands.
In another time these greedy bastards would be taken out behind the chemical shed and put out of our misery instead of riding off into the sunset in the turbo Bentleys flush with the cash from the Paulson-regulated golden parachute bailout program.
The fact that more people aren't absolutely boiling mad about this astonishes me and the news that now the telcos are jumping in on the bailout buddy system handout game is not surprising in the least. I only wonder when PepsiCo, Coke and McDonald's are going to come with their hat in their hands too...
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Re: What Happened to No Government Interference in Business?
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Re: What Happened to No Government Interference in Business?
It just makes my eyes glaze over and you Ollie, have definitely made my eyes glaze over!
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Re: What Happened to No Government Interference in Business?
I was skimming and read this- "...corprocratic..." (rule by corporations), as Coprocratic (rule by feces).
I was about to congratulate you on this wonderful term, when I caught the missing 'o'.
So I guess I will take credit for this new word, and I encourage everyone to use it where appropriate.
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Re: What Happened to No Government Interference in Business?
Unfortunately, this fails to recognize the basic structure (and inherent problems) in our system of government. While the president can attempt to set an agenda through the budget proposal submitted to congress, he cannot write, propose, submit, discuss, or vote upon any legislation - that is reserved for the legislative branch. He can direct some legislation through veto (or the threat of), and can issue executive orders in certain circumstances (which are subject to congressional override). The judicial branch then often "interprets" the legislation or executive order as it applies to specific cases.
There is, of course, the fourth branch of government - the "bureaucratic branch". As I have actually worked inside this branch I can speak with at least a little authority on this subject.
Herein lies the problem:
Congress wrote and passed the laws that allowed the various financial fiascos, and they are charged with providing the oversight. It is telling that Appropriations Committee chair Barney Franks (D) who co-authored the bailout without providing any restrictions, was "shocked" that executive of the failed banks were paying themselves huge bonuses with the bailout money. Congress is also who will write and pass a Telco bailout - probably with the same nebulous purpose and non-existant oversight.
The Judicial Branch, which has repeatedly demonstrated a fundamental lack of understanding of business, economics, technology, or, well, pretty much anything they are passing decisions about, will then probably twist the law into something that agrees with the position of the largest and best-funded legal team.
The Bureaucratic Branch will continue to do whatever they want, adopting a version of the old Chinese adage "the mountains are high and the emperor is far away". Most large corporations also know that a little "support" provided to these generally under-funded, under-appreciated clerks will get a lot of things done under the radar.
So... nice rant, Anon, but I fail to see how this is, or will be, all Bush's fault.
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So I'm gonna calm down, light up a Lucky Strike non-filter, pour me a big glass of Old Crow and count to 10.
1. I'm so fed up with this bailout crap I could vomit. Who the hell said everybody had a right to subsidize business with Government Bailouts? Those whining liberals are all blubbering about where the money went. You know what? I believe that if you're lazy and don't make stuff people will buy, you fail. Don't come whining to the government, they aren't your parents. Let's make that suicide doc Kevorkian the dad-blamed Treasury Secretary and let him get rid of the dead wood who don't know how to read a balance sheet!
2. Why has the value of my home dropped by 45 percent since they built that new AIG office down the street? Because they've got more criminals in the damn office than they do in San Quentin, that's why.
3. I still say they oughta put an exterminator's tent over New York City and pump it full of roach spray. 'Nuff said.
4. The only thing I've been happy about lately is the INSURED BY SMITH & WESSON bumper sticker my grandson put on his tricycle the other day. I gave him a little .22 pistol for his birthday and it looks like he's gonna be a chip off the old block.
When did we, as a people, sign this national suicide pact that rewards disgusting irresponsibility and punishes everyone else?
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Re:
Right around the time that we figured solving our problems involved having a drink, a smoke, committing mass murder and putting guns in the hands of kids on tricycles???
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last straw
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Unfortunately...
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Communazi Fascisto-Reactionary Godless Liberal Swine
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Re: Communazi Fascisto-Reactionary Godless Liberal Swine
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Besides, before they give them a bailout I want to see a detailed report on what they have been doing with they money the rob from us each month...
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The dream comes true.
1) Wilson signed the Federal Reserve Act turning the the purse strings over to the bankers.
2) The US went off the gold standard.
3) The New Deal that lengthened the Great Depression.
The first bail out was Chrysler, Then the savings and loan fiasco.
Government has been interfering in the economy and industry for over 150 years or before the Civil War.
A wise man once said that when people realize they can vote themselves tax payer money that will start the fall of the Republic. What you are seeing is the dream of John David Rockefeller coming to fruition.
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Nobody has bailed out Detroit yet
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Bailout? Sheeze!
They may have taken the opportunity to throw in a coda on how these "challenging economic times" make investing less attractive, but it was the same old song.
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