The FCC is dropping its plan to implement a nationwide free wireless network.
"Setting aside 25 mhz of the airwaves—a $2 billion chunk of spectrum—to blanket the nation with “free” wireless broadband would mean less spectrum available for more robust services. At a time when wireless firms are experimenting with a number of strategies for monetizing the airwaves, allowing a single firm’s business model—especially one that many experts have suggested is simply not viable—to reign over other, more effective models would hurt consumers who yearn for more than basic, plain vanilla broadband service."
Federal domestic spending rose by 16% in 2009.
"The $862 billion stimulus package increased unemployment by wiping out thousands of jobs in America’s export sector, while giving 79 percent of its green-jobs funding to foreign firms. Obama falsely claimed that the $787 billion stimulus package was needed to prevent 'irreversible decline,' but the Congressional Budget Office admitted that it would actually shrink the economy 'in the long run.' As the Washington Examiner notes, 'If his stimulus program was approved, Obama promised, unemployment would not go above 8 percent . . . The reality is that it passed 10.3 percent.'"
Fannie and Freddie