Billionaire Democratic donors Barry Diller and Reid Hoffman said in interviews this week they hope Kamala Harris will replace Federal Trade Commission Chair Lina Khan if she becomes U.S. president, openly rejecting a pillar of President Joe Biden’s antitrust policy.
Khan has been at the forefront of the Biden administration’s push to use U.S. antitrust law to boost competition and address high prices and low wages. Khan, who oversaw the FTC’s ban on noncompete agreements, has drawn the ire of corporate groups, but won fans including Donald Trump’s running mate, JD Vance, for her skepticism towards big business.
Now, big money Democratic donors this week publicly said Khan should not be part of a potential Harris administration. Diller, chairman of travel site Expedia, said in a recent Bloomberg interview that he would donate the maximum allowed to Harris’ campaign. He said in an interview on CNBC on Friday that he would lobby Harris to replace Khan, saying Khan was against “almost anything” business wants to do to grow efficiently.
How can a Roosevelt be useful to us in this contemporary era? I ask out of curiosity.
Roosevelt threated to put bankers in stocks. For causing the depression. We need a president that threatens personal consequences to the ultrarich for their egregious actions.
And like, personal. Not just numbers that go down kinda maybe except not in the Caymans.
Talk quietly. Big stick bashing billionaires.
He was famous for busting the biggest trusts the world has ever seen. Standard oil, U.S. Steel and I forgot the name of the railway.