Academic

ED MORRISSEY: Why does the Wall Street regulation overhaul give FTC authority over the Internet? ??

By Glenn Reynolds

ED MORRISSEY: Why does the Wall Street regulation overhaul give FTC authority over the Internet? “Neither the FTC nor the Internet had anything to do with the Wall Street meltdown in 2008. If this financial-regulation bill is so desperately needed, why did House Democrats lard it up with this power grab at the FTC? . . . The Internet economy has been one of the bright spots throughout a dismal period of recent history. Do we need to attack the one area that shows growth and promise?” Actually, if you notice, that’s pretty much what they do — find the areas that are somehow flourishing due to lack fo government attention, and move aggressively to screw them up, too.

Full post as published by Instapundit.com on May 01, 2010 (boomark / email).