But what's good for Comcast (CMCSA ) and Verizon (VZ ), among other cable and phone companies, isn't necessarily good for the nation. Ranked No. 16 in the world in consumer broadband penetration -- down from No. 3 five years ago -- the U.S. has followed policies in direct contrast to higher-ranking countries, such as Japan, Korea, and Sweden. Instead of fostering stiff competition that leads to the low prices and innovation that lure consumers, the U.S. is allowing the huge cable and phone companies to shut out competitors that provide services -- Internet, phone, or TV -- delivered via those broadband networks.

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Good for Cable, Bad for America