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Biden’s Flawed Presidency Just Took A Turn

The old guy can only take so much negative feedback!

President Joe Biden’s competition and antitrust executive order will harm American consumers, groups representing both large and small businesses said.

The leading groups — including the Chamber of Commerce, Job Creators Network (JCN) and the National Association of Manufacturers (NAM) — slammed Biden’s executive order, arguing that it will harm competition and present a host of challenges to small businesses. The business groups said the order is an example of big government attempting to exert control over the free market via onerous rules and regulations.

“This executive order amounts to a bizarre declaration against American businesses, from the largest to the smallest,” Small Business and Entrepreneurship (SBE) Council Chief Economist Raymond Keating said in a statement. “It’s hard to understand why a White House would go down such a path, especially as the economy is digging out from the COVID-19 disaster.”

“It certainly is not based on economics,” he continued.

Keating and SBE Council President Karen Kerrigan said the order resurrects several bad ideas centered around the notion that big government can solve competition issues. The order would inflict unnecessary burdens on small business and fails to recognize that big businesses are often key partners for entrepreneurs, they said.

On Friday, the White House announced that Biden would sign an executive order packed with 72 initiatives promoting competition in the U.S. economy. The action allows workers to more easily change jobs, enables the the Department of Justice and Federal Trade Commission to retroactively challenge mergers, introduces new regulations that will curb Big Tech companies’ power and allows the import of cheaper prescription drugs.

“The heart of American capitalism is a simple idea: open and fair competition,” Biden said in remarks delivered before he signed the order.

“But what we’ve seen over the past few decades is less competition and more concentration that holds our economy back,” he continued. “We’ve seen it in Big Agricultural, in Big Tech, in Big Pharma, the list goes on.”

The president’s role is to focus on the interests of American consumers, White House Press Secretary Jen Psaki said in response to a question on negative criticism the order has received. Competition issues cost the median U.S. household $5,000 per year, she noted.

“Today’s Executive Order is built on the flawed belief that our economy is over concentrated, stagnant and fails to generate private investment needed to spur innovation,” Chamber of Commerce Executive Vice President and Chief Policy Officer Neil Bradley said in a statement.

“The Chamber is a strong advocate for market-based competition, not a government-planned economy,” he added. “This Executive Order smacks of a ‘government knows best’ approach to managing the economy.”

Bradley said the order politicizes antitrust enforcement and includes legally questionable rulemaking.

“We are concerned about the breadth of issues contemplated in and potential implications of the Executive Order that could undermine rather than enhance U.S. competitiveness,” Business Roundtable President Joshua Bolten said in a statement. “U.S. companies are among the most competitive in the world.”

Business Roundtable members include a range of top U.S. executives including Amazon CEO Andy Jassy, Google CEO Sundar Pichai, Apple CEO Tim Cook, JPMorgan Chase CEO Jamie Dimon and many others.

JCN, a national small business advocacy group, noted that there were several provisions in Biden’s order that would benefit small business, but said those regulations should be enacted by Congress. Many of the initiatives will meddle in the free market and could lead to increased consumer prices across many sectors of the economy.

“President Biden’s executive order is a grab-bag of political priorities that will have mixed results,” JCN President Alfredo Ortiz said. “The pro-competition provisions announced in today’s executive order shouldn’t distract from Biden’s far larger efforts to crush small businesses under the weight of dramatic new taxes and labor regulations.”

NAM, which represents manufacturers in every state, said the order includes solutions to problems that don’t exist. The government should focus on policies that promote competitiveness, free market principles and individual liberties, the group said.

“Some of the actions announced today are solutions in search of a problem; they threaten to undo our progress by undermining free markets and are premised on the false notion that our workers are not positioned for success,” NAM President Jay Timmons said in a statement.

Sources: DailyCaller: Business Groups Slam Biden’s ‘Flawed’ Competition, Antitrust Executive Order

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Written by Joshua Jackson

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  1. It is a shame that we all have to suffer because of sheep who voted Democrat. Well people (sheep, snowflakes) are you happy with your fake President??? Enjoy. Hopefully it is mostly the fools being effected. Unfortunately Lee are all being hurt. Only 3 1/2 years left for this moron unless he is forced out of office early. Problem is we would have harris to deal with.

  2. Well for starters, President Donald Trump had LOWERED PRICES on prescription druga and made it possible and easy to but mail order from Canada or other country’s at a much much cheaper level!!! But Ol Bidy ELIMINATED that his FIRST day in office!!!! Insulin and eppy in particular was cut by 2/3 Rds. in My case!!! Id think I know considering the amount of crap I haft to take~!!!! O.K. to the second line of BIDYs Harse Shit coming out of that ignorant lying Red Head..it could cost a median or low income household 5 grand a year???.Well I know this! Bidys magic pen has already cost Me way more than that since is dog and pony show began!!!What does this ignorant bunch think their inflation practices are doing????? Gas,Food,Drugs.utilities just to even live.Cost of rent and housing has went out of control!!!! Gas alone here is now over 2 dollar increase since He took office!!! Approximately 800.000 jobs both Union and support jobs have been ELIMINATED!!! Period!! I wish I were a retarded libberal that lived in mommies basement, but here in the real world it is panful & extreme with malice obvious that He and His crew Hate the American people and small business as well!!!! The regulation and imposed TAX that comes with it will further disseminate Americans!! As for big tech???Well why don’t He do away with section 230 as He said He would do with His magic pen!!! I will tell Ya why!He and Huntie I am positive are in their big tech pals pockets and He knows the disinformation and lies that support he dems while at the same time squashing and eliminating all information that does not support them! Strikingly similar of what Gobbles done for the 3rd Reich & hitler except on a much greater and grander scale!!!!!

  3. Army needs to remove the biden administration and reinstall a real President Trump and clean up this mess

  4. The handlers of the senile rapist chinese stooge are just like aoc: incapable of understanding business 101!
    They are stupid, stubborn, intransigent when it is about communistic irrationality!
    They have no Common Sense, no education, and like aoc, no reasoning on facts and truths!
    The “COUP D’ETAT” put a very old senile imbecile in a position he should never had been put in!
    A corrupt politician of so many years, does not have the intelligence required to ru any business, least of all, the biggest business on earth!

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