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7 Reasons Why Obama's Policies Are Great for the Tech Industry

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We take a look at the president's future promises and past performance as it relates to the technology industry.

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5. His administration will continue to bolster cyber security.
Obama's administration has been fairly active in bolstering the nation's defenses against cyber attacks. It's anticipated that Secretary of Defense Leon Panetta, will be unveiling new rules of engagement regarding cyber security that will increase the government's ability to help prevent cyber-attacks and prosecute offenders. Panetta stated that the government will not be monitoring private networks or making invasive demands of companies, but it has been acknowledged that tech companies will be encouraged to help maintain security. How this will be encouraged has yet to be revealed, but it could represent financial opportunities to tech businesses that provide online security.

6. His administration will continue to increase health information technology.
Under Obama the Department of Health and Human Services and the Department of Labor started a program to connect community colleges and technical colleges to the resources they need to train health information technology professionals working in rural hospitals and clinics. The program is intended to boost HIT jobs and will no doubt increase the efficiency of medical treatment in rural areas with large distances between hospitals.

7. He will voice his opinion of the Internet's biggest issues.
Specifically, the issues of SOPA (Stop Online Piracy Act) and net neutrality have been in the news over the past couple of years. The Obama administration has played a big role in opposing the unpopular SOPA act, with the president going so far as to say that he would not sign the bill, as it was, into law. The bipartisan bill would have given a lot of power to copyright holders and media companies to block the distribution of copy-righted materials and impose fines without due process. In addition, Obama also supports net-neutrality, which should be good news for telecommunications companies that don't want the FCC to regulate how they handle traffic or charge for it. Although companies like Verizon (NYSE:VS) have had problems with net neutrality's current application, Obama's administration is likely to stay active in mitigating these and other Internet issues.
No positions in stocks mentioned.
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