Trump administration sees no threat to economy from monopolies
WASHINGTON — President Donald Trump and his economic team see “no need to hastily rewrite the federal government’s antitrust rules,” drawing a battle line with leading Democratic presidential candidates on an issue that has increasingly drawn the attention of economists, legal scholars and other academics.
In their annual Economic Report of the President, released Thursday, Trump and his advisers effectively dismiss an emerging line of economic research that finds large American companies increasingly dominate industries like telecommunications and tech, stifling competition and hurting consumers.
That research, which President Barack Obama’s economic team championed in 2016, has become fodder for presidential candidates like Sens. Elizabeth Warren of Massachusetts and Bernie Sanders of Vermont to call for breaking up big tech companies.
In its report, the Trump administration contends that the studies that demonstrate rising market concentration in the economy are flawed — and that the rise of large companies may not be a bad thing for consumers.
https://www.bizjournals.com/seattle/news/2020/02/20/trump-administration-sees-no-threat-to-economy.html?ana=e_ae_prem&j=90482421&t=Afternoon&mkt_tok=eyJpIjoiTmpJNE4yWmtNVFZoTURJMCIsInQiOiJjaTN2WlFqSWVNYk1JWHgrbmozNFp5VmVGRlhJUUt1eFpVdytjaXRUNUd3Wk84ZXVHbFNiNEYyZGJ5M0xqSHFiVXEzajEwRmU5VVFIUUkwQzJoNGtQbk9RUDFVamh3aGZcL05kZG1sK3V4ZHBuenlNTTcrOUFDbWkydThaeDQySE0ifQ%3D%3D
What were his grades in college? Oh that's right he doesn't want us to see his transcript.
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