I’m in danger of repeating myself as the AT&T/T-Mobile saga goes on, so let me open up tonight’s post with to my latest analysis of the situation. Summary: the behavior of Sprint Nextel’s and Clearwire’s share prices, combined with Sprint Nextel’s decision to sue AT&T, should lead any observer to believe that the AT&T/T-Mobile deal benefits the 4G Internet-using public at the expense of Sprint Nextel and current market leader Verizon.
Same as it ever was, as the Talking Heads said. When Sprint gobbled up Nextel, the public gained. So, too, will the public gain if the government keeps its hands off this time.
Is Sprint in trouble? Some say yes, but the point of antitrust laws isn’t reduce competition to prop up ineffective businesses.
Help the economy, President Barack Obama. Drop the suit. Encourage your subordinates to get out of the way of job creation, innovation, and technical progress. Event the San Francisco Chronicle has run a piece explaining that.
Hearings begin September 21. Ah, government. Slow, slow, slow. Imagine life or death medical decisions in the hands of this government! Maybe they’re still trolling for some evidence that just isn’t there.
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This is one of those weeks when all the important stuff happens at once, and there’s much to cover. I’ll start with the big national story. As I previously covered, The Eric Holder/Barack Obama Justice Department is coming after AT&T, using its own odd brand of economics to claim that the merger with T-Mobile would make the wireless market less competitive. When in fact, as history has shown with deals like Sprint/Nextel, prices are only going to come down as the market gets more competitive.
But, nonsensical as it is, the Obama administration is pressing on with the same tired thinking that gave us zero net job creation last month, and downward revisions in prior months. So let’s sweep around and look at what’s going on, what others are saying both about the news and about the prognosis, beyond the Culture of Corruption aspect I already covered.
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So much going on suddenly this week. Barack Obama and Eric Holder’s DoJ has decided to come after AT&T for its plans to merge with T-Mobile, possibly doing the bidding of donors while hindering jobs growth in America as well as nationwide 4G wireless Internet competition. Sprint’s not doing much to keep Verizon in check; we need AT&T to have the spectrum needed to do that.
So Holder wants to drive Gibson manufacturing out of the US, and to keep T-Mobile in German hands, and prevent AT&T from bringing jobs back to America. Do I have that right? It’s no wonder people rate the Internet and Telephone industries much higher than they rate the government.
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As is usual, tonight I’ll give priority to the things we had posted at RedState, and mention those first. Especially My own post on the latest on the California Amazon Tax referendum, and more specifically on the plans of Democrats to nullify the constitutional referendum process, in service of their unconstitutional Internet sales tax. We need to pressure Republicans to vote the right away, at least.
We also have a post by streiff on regulation, and how we need to do something about it. He asks a great question, on the relative levels of oversight the Congress gives to the military and to the post-New Deal alphabet soup: “So why should the commissioning of a lieutenant or the promotion of a mid-grade officer merit positive action on the part of Congress but an EPA regulatory regime that seems focused on making the use of coal illegal allowed with no action?”
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In the big budget deal this year was a provision known as the Amazon Tax or the Internet Sales Tax. Officially it’s an expansion of the Use Tax. Whatever you call it, it’s an unconstitutional* cash grab, attempting to force out-of-state Amazon to pay California sales tax.
The tax has already killed businesses in California that depended on revenue from Amazon and other affiliate program hosts, who were forced to shut out California residents in response to the tax. Even though the tax itself is set to take effect January 1, out of state retailers needed to take action to protect themselves in advance. So as a result, state revenues have been reduced, not raised, by this bill. The already lagging state economy has been worsened.
So a referendum will be put on the ballot by the people, to be voted on by the people, to stop this harmful, illegal tax. It could pass, too. Early polling hasn’t been bad. So the Democrats are going to try passing a new bill, starting in the Senate, to change the tax to make it take effect immediately.
The trick is that by passing the tax as urgent, it will nullify the referendum under the state Constitution. And worse, to get support for this, Democrats have effectively bought off eBay to turn on Amazon, by making tweak to the bill to exempt eBay from having to collect tax. Convenient, huh?
So, California, it’s time to take action and defeat this attempt to nullify the referendum.
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Hey look, it’s Tech at Night before midnight Pacific time. Guess who’s got two thumbs and is finishing the week early? This guy.
The FCC is creating yet more new regulations. The Obama Administration just can’t get enough of these things. I didn’t know if anyone would have noticed it happen, but The Hill caught it as well.
Meanwhile the FCC slowly moves to increase national 4G competition in America by moving inch by inch toward approving the AT&T/T-Mobile deal, over the continued whining of Al Franken. Franken says he is “very suspicious of consolidation of power.” Yet, he won’t lift a finger against large unions, and he voted for Obamacare. Hmm.
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No really, Governor Haslam, you do not want to bring California taxation to Tennessee. Have you seen our unemployment? That’s why we just might defeat it at referendum.
PETA people are hijacking phones, sending malicious messages without consent, and running up text message bills. People need to be careful about what they install, but this sort of thing needs to send people to jail, as well. We don’t need more laws and regulations, we need more enforcement against the bad guys.
How badly do we not need more laws and regulations? Even the Progressive Policy Institute’s Michael Mandel thinks so, calling on the President to lead in the direction of less regulation and pro-growth change.
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Hello again to those I saw in Charleston over the weekend, and hope to see you next time to those who weren’t able to make it!
While I return to California and get settled in again, it seems that some are leaving the state for good, and the hostile business climate is why. This includes the punitive Amazon Tax which has made it impossible for Amazon and others to host affiliate programs in California, destroying small businesses, slashing profits, and killing jobs. And this is a story we’re seeing again and again, up and down the state. New and higher taxes, even of the unconstitutional variety, kills jobs.
So my message to Tennessee’s Governor Haslam is don’t do it. Don’t be like us. Create a job-friendly environment, or you will only compound whatever revenue problems you have.
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Anonymous and its associated online criminal organizations continue to face losses. A top Lulzsec leader was arrested in Scotland. Remember, this guy is no “activist.” He stole from people who happened to have Visas or MasterCards. Vigilante action against Anonymous and its online criminal wings continues, as well.
Anonymous is in such trouble, they’re now desperate for allies, begging unions to join their cause. Note that by targeting Paypal, Anonymous threatens the livelihoods of many who depend on income via Paypal simply to stay in business and pay bills.
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It was mentioned in the previous Tech at Night’s comments, but here it is directly: the NAB has come out against incentive auctions to free up spectrum for wireless Internet. I say we should dismiss their concerns. Incentive auctions are voluntary and compensate the original spectrum holders. Rights are respected, as we get a superior spectrum allocation for American needs.
For once, the FCC has the right idea.
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