Valenti calls for federal copyright stormtroopers

Jack Valenti, Big Content's Million-Dollar Man in Washington, has posted a transcript of the MPAA's hysteria-driven testimony to the House Committee on Appropriations, Subcommittee on Commerce, Justice, State, and the Judiciary. entitled: "A CLEAR PRESENT AND FUTURE DANGER: The potential undoing of America's greatest export trade prize" it is replete with CAPITALS, boldface, italics, and underlining to emphasize the credibility of Big Content's claims, but it'll take more than typographical tricks to make his most important assertions stand up to examination.

my brain is short-circuiting trying to deal with them all at once, so i'll post a series of Valenti Misinfonuggets as i knock them off, one-by-one.