Genachowski: Broadband, driven by cable can help with economic recovery

CHICAGO - Two regulators--one present and one former--thrashed out a solution to a flagging economy: broadband.

FCC Chairman Julius Genachowski, in a keynote conversation with former FCC Chairman and now NCTA President-CEO Michael Powell, concluded that "broadband is an absolute key to helping us recover from the terrible economic situation of that last years" and helping to sustain new growth in the future."

That growth, Genachowski indicated, can be driven by an industry like cable which reaches 93 percent of the U.S.

"Cable," said Genachowski, "is one of the great American success stories. The fact that we start with this fat pipe that reaches 93 percent of the country gives us an advantages."

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