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Obama Backs MPAA, RIAA, and ACTA 703

boarder8925 writes "In a move sure to surprise no one, Obama has come out on the side of the MPAA/RIAA and has backed the ACTA: 'We're going to aggressively protect our intellectual property,' Obama said in his speech, 'Our single greatest asset is the innovation and the ingenuity and creativity of the American people [...] It is essential to our prosperity and it will only become more so in this century. 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.'"

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