How Obama’s Justice Department Selectively Blocked A Merger By Republican CEOs
16th April 2014
Obama once publicly stated, “we’re gonna punish our enemies and … reward our friends.” Executive Branch action on the Comcast/Time Warner deal will demonstrate if this caveat applies to merger policy. A number of Congressional Committees will review the merger, including a Senate Judiciary hearing on April 9.
In addition to analyzing financial details of this merger, Administration history of crony capitalism screams for Congressional inquiry to determine if the Executive gives preferential treatment to corporations with friendly donors. Merger approval or denial should be based on objective analysis, not which political party enjoyed the loudest clink in its campaign jar.
My, what a surprise! Aren’t you surprised? I’m sure surprised.