
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