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There is only one thing I can think of that would be worse than the spread of fake news, and that is legislation to address the spread of fake news. Unfortunately, that's where this is leading; if not in the Trump administration, then in the following.

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It's already illegal in the US for a corporation to lie about its products. It's not unreasonable to expect that some organizations (i.e. corporations created explicitly for the purpose of campaigning) can be sued for lying about their "product" -- a candidate, for example.

But considering the Supreme Court's historically zealous defense of the First Amendment (see: Citizens United), we're unlikely to see much change in that regard.

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