How Abandoning "Reclassification" Would Help White House's Jobs Goals
Yesterday, the Wall Street Journal reported that the White House has been meeting with business leaders to “identify specific regulations that they believe are obstacles to job-creating private investment.” On Wednesday, President Obama and several business leaders will meet at the U.S. Chamber of Commerce to discuss the topic in more detail.
"The president has said that he is interested and open to the business community's perspectives on examining regulations, ”said White House Chief of Staff Rahm Emanuel.
As the White House weighs these proposals, Broadband for America thinks it’s equally important for the administration to consider regulatory proposals that would damage the economy.
FCC Commission Julius Genachowski’s proposal to “reclassify” the Internet is just the sort of regulation the White House should be wary of, one the New York University Law School has already said would eliminate 500,000 jobs and $60 billion in investments. At a time when the economy is already struggling to create new jobs, the broadband industry has been one of the major bright spots, creating thousands of well-paying jobs and billions in investment opportunities.