But it’s only a competitive advantage if our companies know that someone else can’t just steal that idea and duplicate it with cheaper inputs and labor.
Look at the Free Culture/Software movement, Obama. There's people all over the place "stealing other people's ideas", except it isn't stealing. When you steal something, you take it from them without their permission. Should you need permission to make a program that does the same thing as another program? Should you need permission to cover, adapt, or remix something someone else did? It's not like you can just sue random people off the street for singing a song you "own" (Oh wait, that happened quite a few times already. Nevermind). None of these uses of our culture should ever be thought of as infringing; doing so practically removes our right to say as we please (then again, people over the years have stated that we have never had "free speech" anyways).
"Fair Use" has produced millions of dollars, and you dare imply that it didn't? By supporting the ACTA/RIAA/MPAA, you're supporting concentration of wealth (which just so happens to be concentrated towards the few companies that are trying to control our culture), which is never a good thing. "Intellectual Property" doesn't need to be "protected" in this matter at all, and these ideas are just getting more and more absurd. Things aren't going to get better if we have people like Obama supporting these crazy ideas.