New York (CNNMoney) - The Obama administration issued a stern rebuke of so-called "patent trolls" Tuesday, in an attempt to stop those whom the White House says manipulate the patent system for undue financial gain.
The White House directed the United States Patent and Trade Office to take five new actions that would help stem the rising tide of patent-related lawsuits tying up the court system. Many patent-holding companies with no intention of ever releasing products have made an entire business model out of suing other companies for patent infringement.
Good news for the economy!
Finally the "Stern Rebuke" that has been so long coming. Hey CNN, now you have another huge news story to cover instead of tracking stories on the muluiple Domocrat caused scandals.
Yes, right at the top of the list of important issues that the leader of the free world needs to address. Talk about getting desperate for things to change the topic of discussion away from all the scandals.
He needs to focus on more GENERIC MEDICINES too.
Once again, a subject that while important to a few, means nothing to most of us. The President, the Congress, and the Media should be focused on four thngs.... resolving the BUDGET there are three versions and no one is talking about them....Launching Inrastructure Projects...creating new JOBS....Passing the immigration bill, a subject LONG OVERDUE... and exposing the BIGGEST ripoff in America....pricing of health care. We get the last one undercontrol and all this deficit talk will lose it's significance.
"Yes, right at the top of the list of important issues that the leader of the free world needs to address. Talk about getting desperate for things to change the topic of discussion away from all the scandals."
You're extremely uninformed if you don't understand how this stifles innovation and thereby causes serious harm to economic growth.
Try first being honest yourself Obama.
Benghazi email scandal, not true, gop changed them to suit their cause, irs, good one, the president is supposed to know whats going onin the irs, but the republican who is in charge their is not? and we are supposed to go after security leaks, but have no right to get info, you guys are a joke, seriously getting hard to even listen anymore, issa is a liar, theif, embezzelor,insurance fraud, grand theft auto, perfect guy for the job, really? fools
if obama was serious about doing something about infringement, he'd go after china, which steals hundreds of billions every year with their illegal knockoff market. the issue he address is peanuts, chump change. maybe that can be obama's new slogan? chump change you can believe in....
Let the man do hiS job.
Obama needs to free up the court system for all the ObamaCare/Gun Rights court battles coming up....
Continue to your job Mr. President and ignore the GOP circus and its Ringmaster, Issa. If there is anything ti the IRS evalutaions of non-profit request then it will be revealed through the lawsuits that have been filed.
All I can hear when I read the Obama haters on here is what theCongressional South Carolina Representative said earlier ... it's GOOD POLITICS to OPPOSE the BLACK MAN IN THE WHITE HOUSE .....Not sure what he meant by that but perhaps one of you Haters out there can extrapilate ????????????????????????
Jeff Brown in Jersey
President Obama can come up with a cure for Cancer
Obama IS the cancer.