
HDTV broadcast over the air is not compressed
Broadcast HDTV is most certainly compressed. The ATSC standards utilize MPEG-2 compression over 8VSB modulation to give a ~20 Mbps channel per transmitter, whereas cable companies can use 16VSB, 256-QAM or better modulation to give a 40+ Mbps channel. Couple that with the fact that most broadcasters transmit multiple streams (subchannels like 9-1, 9-2, 9-3, etc) which each take up some of that 20 Mbps, and OTA HD broadcasts get ridiculously compressed.
Satellite providers are just as bad, trying to send HD streams over a satellite infrastructure that was built for SD. You might remember the lawsuit against DirecTV a while back about s downscaling their HD content in order to get the data to fit in their uplink streams.
disclaimer: I work at a PBS TV station, so I've heard the complaints of the broadcast engineers themselves about having to destroy the quality of their HD streams to fit all the extra crap in.
Also, once you've seen uncompressed HD coming out of a studio camera, no other HD source will look as good ever again.
see:
ATSC Standards
HDTV in the US
"HD Lite," the practice of downscaling HD transmissions
If you didn't have to work so hard, you'd have more time to be depressed.