Google, Yahoo, and IAC, big pushers of net neutrality corporate welfare, have expanded their effort to eat at the public trough again. See the Wall Street Journal article of today "SEC reviewing Its Data Fee Ruling".
The super profitable online giants actually have the gall of claiming that paying fees for real-time stock exchange quotes is "beyond the economic reach of an advertising medium like the Internet." Unbelievable! Google is basically printing money with the advertising medium on the Internet! Shouldn't we all throw some coins in Google's platinum "tin cup" to show our concern?
They continue their poor man charade by whining that: "many millions of public investors who access their web sites daily will be injured by the unreasonable fees permitted by the staff's approval of the rule change." Please. These dotcom billionaires can afford to pay normal cost of doinh interstate commerce without passing on the cost to consumers. If they had more competition they wouldn't even consider trying to claim they can pass this on to consumers. But like net neutrality, anytime there is a chance of the online giants costs going up and reducing the online giants huge profits, they run to Washington and ask for corporate welfare. Doesn't everyone understand, its Google's inalienable right for the government to protect Google's extraordinary profitability!
In due time, people will see through the online giants self-serving Washington behavior and have no sympathy for this outrageous behavior. What's really funny is that these people are so clueless to be lobbying for this corporate welfare just when the Democrats are taking over the House and making lobbying reform and ethics a top agenda priority. Doesn't anyone else see the irony?
