So why does Obama want to take it over? Lotta reasons come to mind, none of 'em good. The can squeeze "campaign contributions/bribes" out of internet providers. They can shut down talk that they don't like. They can raise rates and reduce service. They can reward their friends and punish their enemies. They can lay taxes on it. Crony capitalists love it.
The "net neutrality" argument the Administration uses is a smoke screen. Nobody knows what "net neutrality" actually means. So they can take over the Internet and do pretty much anything they like, and it's all for "net neutrality".
I'm positive that government takeover will raise my rates, degrade my service, and threaten me for stuff I post on my blog.