One of the biggest disasters with the broken campaign finance system is that we actually have no reporting mechanism for assessing how much money gets spent on campaigns, at least on television. Sometimes candidates and PACs will announce their spending on ads, but local stations are not obligated to report how much they make from political advertising. You see organizations like the Campaign Media Analysis Group quoted in articles about campaign finance, but they basically make educated guesses that involve a lot of legwork. The only way to truly find out how much one television station makes from political advertising is to physically go down to the station and find the person with that information.

You can say that the entire goal of Julius Genachowski’s pretend plan for net neutrality was to devise something that the telecoms could live with, while allowing him to make a defense that the Obama Administration fulfilled its campaign promise of Internet freedom. If they didn’t care about being taken to court over their plans, they would have written something far more air-tight. So instead, they came up with this heavily compromised approach. And Verizon sued them anyway.

Earlier today, the FCC and the Justice Department ruled in favor of the merger between Comcast and NBC Universal, creating one of the largest media conglomerates in the world and setting an unadvisable template for one company to combine the power of media and the Internet.

Sen. Al Franken, who has been a lonely critic of the proposed merger, released a caustic statement on the FCC action today.

You see, it’s okay for the telecoms to block or throttle wireless access, because the openness of the Android operating system will magically cancel out any closedness of the spectrum. Awesome!

The FCC officially approved rules that reportedly provide net neutrality protections to wireline Internet but not wireless services, and which include a host of loopholes for both types of service.

The FCC allowing AT&T and friends to write the new rules for Internet access recalls what happened when California handed the pen to Enron and friends in writing rules for electricity markets. Deja vu all over again

I mentioned yesterday that the FCC hearing on net neutrality would be streamed live this morning, but the drama was removed from the proceedings last night, when Michael Copps and Mignon Clyburn announced, with some reluctance, that they would support Julius Genachowski’s pretend net neutrality plan. We have terrible broadband in the US, and by all accounts, we’re now going to pay more for it, with less choice of content. It’s all very sad and I don’t know where the open Internet movement goes from here.

Not only is this proposal horrible because it allows telecoms to ration traffic and basically destroys the principle of net neutrality, but as Copps says, it’s not clear that it’s going to stick. Because of the court rulings, a failure to reclassify broadband as a telecommunications service will always run into legal problems. FCC officials claim they have sufficient authority, but it’s very questionable.

As if there weren’t enough things going to pot today, the FCC has decided to come out with a proposal to pretend to institute net neutrality regulations.

The news that Level 3, which has just partnered with Netflix on online video delivery, thinks Comcast is charging them for fast service, brings the debate on net neutrality to a whole new level.