Cisco CEO: Obama's Plan Will End High Speed Internet As We Know It

The Business Insider reports:

If internet companies can't make money on high speed internet, they aren't going to invest billions to build faster networks, Cisco CEO John Chambers warned when talking to Wall Street analysts on Wednesday.

He was telling analysts that President Obama's plan for the internet would be bad news.

Whenever you hear words like "public utility" , think higher prices and lack of competition.