The Wall Street Journal editorial staff has once again announced telecommunications policy as an undervalued factor in the economy - undervalued that is, by the Bush domestic policy team. Today's editorial (requires registration) goes too far to say FCC Commissioner Kevin Martin "might well become the first FCC regulator to get a President fired." But, their points hit hard and true when they write, "the Administration is poised to make the same mistake it did on steel tariffs--choose a short-term political calculation over a free-market approach that would better serve the specific industry and the country as a whole."