More hope and change:
Essentially, officials want Congress to require all services that enable communications -- including encrypted e-mail transmitters such as BlackBerry, social networking websites such as Facebook and software that allows direct "peer-to-peer" messaging such as Skype -- to be technically capable of complying if served with a wiretap order. The mandate would include being able to intercept and unscramble encrypted messages.

The legislation, which the Obama administration plans to submit to Congress next year, raises fresh questions about how to balance security needs with protecting privacy and fostering technological innovation. And because security services around the world face the same problem, it could set an example that is copied globally.
Basically, the administration's plan is to require all Internet technologies to have a backdoor. This will force products that are unable to comply out of business and make them illegal. Further, building backdoors into everything to the government to use is a glaring security hole. Additionally, it would undermine customer confidence in products.

This is a terrible, terrible idea. Luckily, if they're not planning to submit the law until next year, there's a pretty good chance that it won't get passed. The GOP will have a majority in the House by then and will probably block it's passage just because it was Obama's idea..... hopefully.