One of the good dudes in the administration
The link he’s making in the piece is that a couple of the court losses are because of corporate friendly judges that Biden has gotten confirmed.The problem here is he’s purposely ignoring how active the Biden DOJ antitrust division has been as well as how Khan has been.
I’m assuming it’s because they’ve been failing in court.
The public just isn't that into it though. And that's a connection I think he's trying to make that isn't there.The link he’s making in the piece is that a couple of the court losses are because of corporate friendly judges that Biden has gotten confirmed.
So it’s kind of self sabotage where you have good policy here and then bad policy actors over there. It’s incoherent.
The public just isn't that into it though. And that's a connection I think he's trying to make that isn't there.
It's not like the Biden administration hasn't been clear in the source of inflation largely being in the hands of corporate profiteering.
Beyond that, and more on topic, I feel like we're getting into shaky territory when we're now basing the effectiveness of judicial appointments based on how friendly they are to your political ideologies than whether or not the rulings were objectively right or wrong.
The best way to explain Bidenomics is to listen to a judge Biden recently appointed to the D.C. district court, Ana Reyes, who was hostile to the Antitrust Division when they brought a case against two smartlock makers. Last month, Reyes sat on an American Bar Association panel where she attacked the idea of stronger antitrust enforcement, focusing specifically on her skepticism around labor-related claims. She bragged to the audience of defense attorneys that during the antitrust case she heard, she 'pranked' government lawyers by spending three minutes pretending to dismiss their key witness, before saying ‘April Fools. "I have never in my life heard stunned silence," she later said gleefully.
Having a corporate lawyer bully turned judge appointed by Biden killing an antitrust suit brought by Biden officials is a great example of Bidenomics, because it shows the lack of coherence of this administration’s policy. I’m a big fan of Federal Trade Commission Chair Lina Khan, but another Biden judge - Jacqueline Corley - let through the largest big tech merger of all time, when Microsoft bought Activision, after Khan challenged the deal.
These judges matter in terms of inflation. Had Biden picked actual populists for the judiciary instead of Corley and Reyes, the White House’s ability to govern would look very different, and corporate America would be changing their pricing behavior due to fear of crackdowns. In early 2022, there was a flurry of interest in using antitrust to attack how corporations were informally colluding to raise prices. But an aggressive legal theory needs judges willing to take market power seriously, and Biden instead chose people who thwart his own administration. It’s not just judges. Factions in the administration - in this case the White House Council of Economic Advisors - explicitly opposed the corporate profit-inflation link.
I think a lot about antitrust, but the incoherence is systemic across most policy areas (and Democrats in Congress). The pro-labor administration indicated support for the strikes in Hollywood against powerful studios, then a few months later the former White House Domestic Policy Council head - Susan Rice - rejoined the board of Netflix. For every attempt to make electric vehicles in America there’s Treasury Secretary Janet Yellen pushing hard to ensure these cars are made abroad.
Normally, policy disagreements would be decided by the President and his staff. But Joe Biden is a procrastinator, and doesn’t like making choices. He’s also very old. As for his staff, well, while Biden’s former chief of staff Ron Klain was aggressive in terms of policy goals, his new chief of staff, Jeff Zients, is a relentlessly cheerful former management consultant wholly focused on process. Other important figures, such as Tim Wu and Brian Deese, have also left. With Klain gone, there’s an insular clubbiness at the top, and an inability to provide a vision or pay attention to policy implementation. Even if you were to make the point that housing prices need attention, there’s just no one there who could or would do anything about it.
One of the good dudes in the administration
These judges do not matter in terms of inflation. This notion is rather ridiculousSee that’s the thing though.
If these antitrust suits by FTC and DOJ were able to go through, that has a better influence on tackling the inflation caused by the corporate greed profiteering.
This was a good illustration:
It’s getting rather ridiculous that the absence of fundamental changes to underlying systems means a failure to governCan he really be a good dude if he willingly decided to work for an administration that has done so little to advance the progressive cause?
-HL
The public just isn't that into it though. And that's a connection I think he's trying to make that isn't there.
It's not like the Biden administration hasn't been clear in the source of inflation largely being in the hands of corporate profiteering.
Beyond that, and more on topic, I feel like we're getting into shaky territory when we're now basing the effectiveness of judicial appointments based on how friendly they are to your political ideologies than whether or not the rulings were objectively right or wrong.
The public just isn't that into it though.
It's not like the Biden administration hasn't been clear in the source of inflation largely being in the hands of corporate profiteering.
Beyond that, and more on topic, I feel like we're getting into shaky territory when we're now basing the effectiveness of judicial appointments based on how friendly they are to your political ideologies than whether or not the rulings were objectively right or wrong.
What line of thinking? That issues should have by proper governance than attempting performative hail marries like we saw with student debt relief.This line of thinking is why the Dems routinely underperform on economic issues.
The public isn't interested in lawsuits that last year's when they have issues that harm them now. From a public policy perspective there are better, more pressing, and faster ways to provide relief to consumers.Yes, actually it's been the most pressing issue of probably the entire administration so far.
That's because gas prices are one of the largest factors in inflation that people feel daily.They've danced around the issue. Only mentioned it a few times and mostly by pointing to oil/utility companies. I think they didn't want the political fight, which is why the inflation reduction act tries to recapture some of the profits on the backend by corporate minimum taxes etc. But to say the admin has been clear is giving way more credit than they deserve.
This kind of idealistic, naive moralizing is music to the GOP's ears. You get to act all high and mighty while they worry about obtaining and exercising power.