The underlying concern being addressed here is not invalid.
We are not doing "just fine" protecting ourselves from "cyber threats". In fact, I don't know a single credible person working in software security who believes that. If anything, things in 2012 are far worse than they were in 2001: more critical systems than ever are networked, either directly to the Internet, to open GSM networks, or to proprietary RF. Those that aren't are virtually always one hop away from someone using completely vulnerable clientside software.
Organized hacking syndicates in China are also not a made-up problem.
I probably share your confidence in the Administration's ability to address the problem top-down, but comments like yours actually subtract value from the discussion. Any debate where you lead the opposition to things like CISPA dies immediately, because you've chosen to attack a totally valid premise instead of the specific arguments this bill or Obama's makes.