Exactly a year ago, Federal Communications Commission Chairman Julius Genachowski made a major promise to deliver on Net Neutrality. "If we wait too long to preserve a free and open Internet, it will be too late," he told an influential audience in Washington.

We're still waiting.

Sen. Al Franken (D.-Minn.) warned a packed house Thursday night in Minneapolis that the corporate takeover of our media, and the government's failure to stop it, is one of the most important issues of our time.

Franken said our media system is at risk everywhere we turn -- from our free speech online to the growing power of companies who own a massive number of media outlets.

Washington is under siege over Net Neutrality.

On the one side, elected officials and regulators have heard from millions of citizens demanding that Washington protect this rule that preserves the Internet's open architecture.

My old friend Jay Stuckey has a saying that has stuck with me for decades: “Don’t let them piss on your leg and tell you that it’s raining.”

When Jay used it he was referring to politicians who lied to scare up votes. Today, this adage refers to powerful corporations that lie to scare politicians.