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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (144609)	7/21/2014 9:54:50 AM
From: pcstel	Read Replies (1) \| Respond to of 149317

<Can't disagree with most points you made except your comparing an investment loss in the rare industry (like coal) that has performed poorly under Obama in part to WH executive orders< Nope, not even close. It was in Telecom. Long story.. synopsis below With Obama calling for a nationwide expansion of broadband, the FCC jumped at the opportunity to back the business. "FCC Chairman Julius Genachowski, who was a major fundraiser for Obama’s 2008 campaign, called the venture a public service. In January 2011, the FCC’s staff granted a further approval for the project, with conditions, while circumventing the agency’s five-member commission, lawmakers say. At the time, the agency called LightSquared “a new kind of business model that consumers find appealing.” That’s when the GPS industry, as well as the military and government agencies, began to protest the plans. Air-safety officials said LightSquared’s network could lead to plane crashes. GPS makers and companies such as John Deere, which relies on such equipment, asked agency officials and lawmakers to oppose the project. Republican lawmakers, led by Sen. Charles E. Grassley (R-Iowa), called for hearings on why the FCC had fast-tracked LightSquared without vetting the technical-interfence issues. He has asked for private e-mails and documents between the agency and the company, a request the FCC has so far denied." http://www.washingtonpost.com/business/economy/fcc-pulls-plug-on-lightsquareds-cellular-project-angering-investor-philip-falcone/2012/04/05/gIQAr4EQyS_story.html Also.... http://dailycaller.com/2012/02/21/documents-lightsquared-shaping-up-as-the-fccs-solyndra/