Brown: “…the hostility from Biden political appointees toward the private sector continues unabated, and is taking the economy down with it.”
WASHINGTON – In a brand-new op-ed for the Washington Examiner, Competitiveness Coalition Chair Scott Brown warns of the continued dangers of “Bidenomics,” President Biden’s signature economic platform, even as the Biden White House has gone back and forth on its embrace of the term. Biden zeroes in on the Federal Trade Commission (FTC) and its chair, Lina Khan, as a prime example of the ongoing risks of “Bidenomics.”
“Normally a faceless and anonymous branch of government, the ‘independent agency, which has been under sole Democratic rule after the last remaining GOP appointee resigned in protest, has launched a number of far-reaching lawsuits and attacks against high profile companies, from Amazon to Total Wine & More and is now taking aim at sandwich shops,” wrote Brown, who is a former Senator and Ambassador. “According to an analysis from the Information Technology & Innovation Foundation, the tech sector has accounted for nearly more than one-third of U.S. economic output in the last decade. It’s difficult for these companies to focus on their next innovation when they are fending off frivolous investigations and lawsuits from empowered government bodies.”
Brown notes that the FTC has lost more than it has won, further wasting taxpayer resources and money: “Under Chair Khan’s leadership, the Commission has come under scrutiny from key congressional committees, who are investigating allegations of abuse of power, the deletion of key documents, and disregard for the rule of law and federal ethics standards.”
Read the whole piece here.