Spare_change
Gold Member
- Jun 27, 2011
- 8,690
- 1,293
- 280
(CNSNews.com) - President Barack Obama said in his weekly address today that he wants the Federal Communications Commission to create more of a “free market” in television in the United States by changing the way people rent cable boxes for their televisions.
Obama argued that a lack of competition in the U.S. marketplace is denying choice to American consumers and holding down wages.
“The most essential ingredient in a healthy free market is competition,” said Obama. “But right now, too many companies are engaging in behaviors that stifle competition--like blocking new competitors from entering the market or limiting the information and options that give consumers real choice.
“As a consequence, the rest of us pay higher prices for lower quality products and services,” he said. “Workers receive lower wages than they otherwise would.”
Obama argued that a lack of competition in the U.S. marketplace is denying choice to American consumers and holding down wages.
“The most essential ingredient in a healthy free market is competition,” said Obama. “But right now, too many companies are engaging in behaviors that stifle competition--like blocking new competitors from entering the market or limiting the information and options that give consumers real choice.
“As a consequence, the rest of us pay higher prices for lower quality products and services,” he said. “Workers receive lower wages than they otherwise would.”