The long-awaited FTC staff report on net neutrality is out. In her statement, FTC chair Deborah Platt Majoras tells us "policy makers should be particularly hesitant to enact new regulation in this area." Actually, FTC, the Internet is too important to do nothing in the face of telecom monopoly threats. Telecom leaders such as AT&T's Whitacre have routinely described business models and bold plans to hijack the free and open Internet. We're fighting to save it, while the FTC fiddles.