Legislative freebies to the telcoms is nothing new. But we are not doomed (yet). And we haven't given up.
If you have an opinion about this...
Use your citizen power. Write to Congress and tell them how you feel about their decision. You have two Senators and at least one Rep in the House. Your representatives are
required to read and respond to your mail. Paper letters are more effective, but thoughtful emails also help. (And you can write to the president too.)
Enter your US Zip Code on
this page to get to your info (top of the left-hand column).
http://www.congress.org/congressorg/home/ (This is not congress' official site, it's an activist site, but it makes it easy to find your info.)
You can get more info on the bill here (query "internet neutrality"):
http://thomas.loc.gov/bss/d109query.html