President Calvin Coolidge famously declared that “American business is business.” Now, 100 years later, President Joe Biden has declared, “My administration's business is ruining American business.''
Despite the economic downturn and crippling inflation of the past three years, Biden's staff appears eager to help non-American businesses.
At least that was the message last week when it was announced that tech giant Amazon would not be merging with iRobot. iRobot, best known for its Roomba floor-cleaning drone, has been in talks with Amazon over a $1.7 billion acquisition since then. August 2022.
Both companies blamed regulatory intervention by the European Union (EU) for the failure of the merger. joint press release.
“This outcome would deny consumers faster innovation and more competitive prices, which we believe would have made their lives easier and more enjoyable.” Amazon said David Zapolsky, senior vice president of , in a release. “Unfair and disproportionate regulatory hurdles discourage entrepreneurs from considering acquisitions as a path to success, and harm both consumers and competition, the very thing regulators are trying to protect. It is what it is.”
EU officials are colluding with the Biden administration to stifle U.S. innovation, especially in the high-stakes artificial intelligence race. because, Politico put it succinctly:, the EU is concerned about a “repeat of what happened with the previous generation of internet giants”. The boom in social media, search, and cloud companies has created behemoths like Facebook's parent company Meta, Google, and Amazon, while Europe has been reduced to a bystander unable to catch up or compete. ”
Alas, European Union business is ruined by socialism.
So the EU is unable to keep up and is abusing its regulatory powers to cripple American companies. The EU's antitrust czar, Margrethe Vestager, said as much during his tenure. To brainstorm in America He consulted with the Biden administration on ways to over-regulate tech companies.
In fact, government officials wasted no time congratulating themselves on blocking the Amazon-iRobot merger. Nathan Soderstrom, Associate Director of Merger Analysis, Federal Trade Commission (FTC) Said“We are pleased that Amazon and iRobot have abandoned the proposed transaction…The European Commission's investigation has revealed serious concerns about the potential competitive effects of the transaction.”
Massachusetts was among the lawmakers who asked the FTC to block the merger. senator elizabeth warrenThe campaign slogan is “We have a plan for that!” when she ran for America’s first Native American president. After the merger failed, iRobot announced it would lay off 31 percent of its workforce, so apparently Warren's “plan” includes destroying people's lives.
But it actually looks like this teeth All of this is part of the Democratic Party's plan to build a post-American world. (If you would like to purchase a copy of the blueprint, Available on Amazon!). Biden administration officials recently Antitrust conference in Brussels — explicitly called the “New World Order” — where the main topic was how to weaken American companies.The event is Hosted by TikTok advisor Christina Caffara. have a close alliance FTC attack dog Lina Khan and.
Under Khan, government officials' efforts to sabotage the merger included Adobe's plans to: Buy Figma And what is JetBlue's plan? buy spirit airlines. Khan seems to think God put her on earth because of antitrust in American companies.Mr. Khan declared war with amazonas she demonstrated when she opposed the company's acquisition of Diapers.com…despite her own admission. buy diapers on amazon.
Alas, during the Obama administration, Democrats gleefully celebrated tech monopoly takeovers, but like with Facebook, they were nowhere to be seen. bought instagram 2012, around the time of Facebook. I bought WhatsApp In 2014.
Anything that undermines the autonomy of American businesses strengthens the goals of our global enemy: the Chinese Communist Party.
In fact, in the aforementioned press release, Amazon executives said: “Such mergers and acquisitions make it easier for companies like iRobot to compete in global markets, especially with companies and companies in countries that are not subject to the same regulatory requirements.” It's a technology field. ”
What Democrats are doing now is not passionately defending workers' rights in the face of 20-year-old workers.th-cEntry “Greed is good” Wall Street's robber barons.It is enabling the emergence of 21 countries controlled by the Chinese Communist PartySentoseTraditional. If Democrats don't understand that American business is business, can't they at least help China build its nation? fleet of attack drones?
Jared Whitley is an award-winning columnist and DC Politico who has worked in the U.S. Senate, White House, and defense industry. He obtained his MBA from Hult Business School in Dubai.
The views and opinions expressed in this commentary are those of the author and do not reflect the official position of The Daily Caller.
