Re: NY Times Misses the Point in http://www.dslreports.com/forum/r16796458 en Sat, 28 Nov 2009 22:25:35 EDT Sat, 28 Nov 2009 22:25:35 EDT Re: NY Times Misses the Point http://www.dslreports.com/forum/remark,16809429 short09 :
said by RadioDoc See Profile :

Tell that to your Congresscritter
they wont listen unless u give a congressman $25000]]> http://www.dslreports.com/forum/remark,16809429 Wed, 30 Aug 2006 15:54:36 EDT Re: NY Times Misses the Point http://www.dslreports.com/forum/remark,16797534 anon : the rich get richer, and the piss poor satellite companies get to screw (I mean raise price$) the customer again, and again, and again....]]> http://www.dslreports.com/forum/remark,16797534 Mon, 28 Aug 2006 22:07:33 EDT Re: NY Times Misses the Point http://www.dslreports.com/forum/remark,16797958 PDXPLT :
said by pnh102 See Profile :

From the government's perspective, the auction was quite successful, netting in billions of dollars. Why did the NY Times not focus on how the government made out like a bandit as a result of this auction?
While revenue-generation was the mostly widely reported aspect in the press, and the one politicians like to talk about, that's not the "real" reason why the FCC does these auctions. After all, $10-20 billion is almost the rounding error in the yearly Federal budget, and these are for long-term, multiyear licenses. The fees they generate are a drop in the bucket.

Rather, these auctions are supposed to be an extercise in classic free-market-based economics. By selling to the highest bidder, the intent is to put the spectrum to its "highest and best" use; i.e., by giving the license to the entity that values the spectrum the most, the idea is that it will go to the party that can generate the most earnings from it. According to free-market ideologues, maximizing earnings == maximizing "utility" == maximizing the use of a public resource == maximizing the public good.

Whether this actually turns out to be the case remains to be seen. Critics contend that the incumbents may now just sit on the spectrum and do nothing with it, and only bought it to lock competitors out. 'hardly the "highest and best use" the gov't had in mind. Time will tell.]]> http://www.dslreports.com/forum/remark,16797958 Mon, 28 Aug 2006 21:57:02 EDT Re: NY Times Misses the Point http://www.dslreports.com/forum/remark,16797664 FLA05 : The money is going to fund the war in Iraq......for about a month]]> http://www.dslreports.com/forum/remark,16797664 Mon, 28 Aug 2006 21:14:54 EDT Re: NY Times Misses the Point http://www.dslreports.com/forum/remark,16796872 RadioDoc : Tell that to your Congresscritter. They set the rules. The FCC just carries the water.
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Toolmaster of La Grange.]]> http://www.dslreports.com/forum/remark,16796872 Mon, 28 Aug 2006 18:55:31 EDT Re: NY Times Misses the Point http://www.dslreports.com/forum/remark,16796845 nasadude :
said by pnh102 See Profile :

Does the NY Times not know what the purpose of an auction is? It is for the seller to get the highest possible price for the item being sold...
Exactly! That's not what the FCC is supposed to be about, but that's the way spectrum auctions have been set up.

The FCC should be using a process that ensures new entrants WILL win licenses, to foster competition and benefit consumers. Who the hell do you expect to win these licenses when highest bidder wins? No-name Wireless, Ltd or ATT?

If this is the way spectrum continues to be auctioned, there will never be significant competition in wireless broadband and all spectrum will be owned by the current incumbents with few possible exceptions.]]> http://www.dslreports.com/forum/remark,16796845 Mon, 28 Aug 2006 18:51:04 EDT Re: NY Times Misses the Point http://www.dslreports.com/forum/remark,16796458 RadioDoc : The FCC's budget is about 2% of what this one auction brought in. While I am sure there is some budgetary consideration when/if the FCC asks for out-of-ordinary expense items, the auction process is all about Congressional money grabbing. The FCC was mandated to do it, and has no choice in the matter.
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Toolmaster of La Grange.]]> http://www.dslreports.com/forum/remark,16796458 Mon, 28 Aug 2006 17:46:38 EDT Re: NY Times Misses the Point http://www.dslreports.com/forum/remark,16796372 TKJunkMail :
said by RadioDoc See Profile :

It goes directly to the Treasury's general fund. The FCC gets nothing.
Except maybe some extra consideration in the annual budget process.
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said by RadioDoc See Profile :

It goes directly to the Treasury's general fund. The FCC gets nothing.
Dammit, RadioDoc, you got in before I could finish my Google! :D

As always,

Cheers.
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"Gimme a 'C'! A bouncy 'C'! There once was a boy from Nantucket whos 'Da Da Da Dee Dee Dee' whatever the hell else you want..."]]> http://www.dslreports.com/forum/remark,16796338 Mon, 28 Aug 2006 17:27:42 EDT Re: NY Times Misses the Point http://www.dslreports.com/forum/remark,16796328 The Folsom :
said by Zoder See Profile :

Was wondering.

Does the money go directly to the treasury or to the FCC for their department to spend?
»wireless.fcc.gov/auctions/defaul···auctions

I found this on the FCC site, "Omnibus..." and "...public benefit..." jump out at me, but I did not investigate further.

/Me thinking the proceeds go into a "General Fund"... this fairly screams, "SLUSH!!!" But I could be wrong...

Cheers and good question... Inquiring minds want to know. ;)
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"Gimme a 'C'! A bouncy 'C'! There once was a boy from Nantucket whos 'Da Da Da Dee Dee Dee' whatever the hell else you want..."]]> http://www.dslreports.com/forum/remark,16796328 Mon, 28 Aug 2006 17:25:49 EDT Re: NY Times Misses the Point http://www.dslreports.com/forum/remark,16796272 RadioDoc : It goes directly to the Treasury's general fund. The FCC gets nothing.
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Toolmaster of La Grange.]]> http://www.dslreports.com/forum/remark,16796272 Mon, 28 Aug 2006 17:11:33 EDT Re: NY Times Misses the Point http://www.dslreports.com/forum/remark,16796247 Sr Tech : I have all ways wondered my self where the money went..]]> http://www.dslreports.com/forum/remark,16796247 Mon, 28 Aug 2006 17:06:14 EDT Re: NY Times Misses the Point http://www.dslreports.com/forum/remark,16796208 Zoder : Was wondering.

Does the money go directly to the treasury or to the FCC for their department to spend?]]> http://www.dslreports.com/forum/remark,16796208 Mon, 28 Aug 2006 17:00:00 EDT Re: NY Times Misses the Point http://www.dslreports.com/forum/remark,16796200 ropeguru :
said by pnh102 See Profile :

Does the NY Times not know what the purpose of an auction is? It is for the seller to get the highest possible price for the item being sold. Auctions have nothing to do with allowing for newcomers to enter the field.

If a newcomer could outbid any of the established companies, then said newcomer would cheerfully have access to said item.

From the government's perspective, the auction was quite successful, netting in billions of dollars. Why did the NY Times not focus on how the government made out like a bandit as a result of this auction?
Yup... In this case the rich get bigger and the poor go out of business..
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FWD#: 223611]]> http://www.dslreports.com/forum/remark,16796200 Mon, 28 Aug 2006 16:58:31 EDT NY Times Misses the Point http://www.dslreports.com/forum/remark,16796190 pnh102 : Does the NY Times not know what the purpose of an auction is? It is for the seller to get the highest possible price for the item being sold. Auctions have nothing to do with allowing for newcomers to enter the field.

If a newcomer could outbid any of the established companies, then said newcomer would cheerfully have access to said item.

From the government's perspective, the auction was quite successful, netting in billions of dollars. Why did the NY Times not focus on how the government made out like a bandit as a result of this auction?
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Only SHATNER is Kirk.]]> http://www.dslreports.com/forum/remark,16796190 Mon, 28 Aug 2006 16:56:59 EDT