Posted by Jon Fleischman at 12:00 am on Sep 02, 2009 Comments Off on Who Can Blame Telecoms For Rejecting Stimulus Money?
A couple of weeks ago, I read an article of interest in the
Business section of the Los Angeles Times, which caught my eye
because of its title:
Telecom Companies Reject Stimulus Money.
The headline piqued my interest because, after all, isn’t in
en vogue these days to
take big handouts from Uncle Sam for your big business?
Didn’t Congress pass, at the President’s request, a massive
“stimulus” bill to move money into the economy by investing it
into, among other things, infrastructure growth?
We’re seen banks take billions, as well as the auto industry –
just to point out two obvious recipients of President Obama’s
largesse.
So why would big telecom giants like AT&T, Comcast and
Verizon (all huge players nationally, but especially here in
California) be rejecting what is, in essence, free money?
As the article says, “The
Obama administration made it a national priority to spread
high-speed Internet access to every American home and it offered
stimulus… Read More