The FCC can say what it wants, the courts and Congress will ultimately decide the amount of power it really has.
I will say it again - you are naive in their intent and methodology, as well as the legal reality. This is not a static equation, but something that is being driven toward an agenda. The first step is to attempt to regulate something that to this point the courts have said they have no jurisdiction over.
So...let's say Obama finds a 'reason' to shut down specific sites. Or, God forbid, the entire internet. Under Executive Order.
Let's say it happens in mid September, 2016....two weeks before the election.
By the time they slow-roll the procedures, it won't make any difference if they are found to be in violation.