Is the DOJ playing Politics with large company Mergers?
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Thread: Is the DOJ playing Politics with large company Mergers?

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    Default Is the DOJ playing Politics with large company Mergers?

    Like all mergers, the proposed $45.2 billion Comcast CMCSA +0.85% merger with Time Warner Cable TWC +0.6%—the largest and second largest cable providers in the nation—has its advocates and critics. There are certainly important questions about what impact the merger would have on consumers—but there are equally significant issues associated with the highly politicized approval process.



    The Obama Department of Justice, led by Eric Holder, must review the merger and decide whether to approve or block it. Unfortunately, the Obama Administration and Justice Department have a long track record of pushing the rule of law aside and making decisions based on politics. Will the proposed Comcast merger with Time Warner TWX -0.03% Cable receive the scrutiny it deserves, or simply be fast-tracked for approval based on politics?


    Let’s look at some history—which is detailed in a new Frontiers of Freedom report. In 2009, the Obama Administration gave Solyndra, a failing California solar panel firm, a $536 million “loan.” Shortly thereafter, Solyndra was fully bankrupt. Prior to the loan, Solyndra executives and board members gave generously to Barack Obama, including Tulsa oil billionaire and Obama bundler George Kaiser, one of Solyndra’s main investors.
    United Health Group is expecting higher earnings thanks to ObamaCare. After United supported passing the plan, one of its subsidiaries, Quality Software Services, Inc. won a contract of $90 million for the rollout of Healthcare.gov. United Health’s Executive Vice President Anthony Welters and his wife are significant Obama donors and bundlers. The Administration did not perceive any conflict of interest in providing the nation’s largest health insurer with the keys to Healthcare.gov.


    If money buys favors from the Obama Administration, a lack of it produces the opposite.
    In 2011, AT&T announced it would seek permission from the government for a $39 billion merger with T-Mobile. Processing the application was expected to take at least twelve months. But within five months, the Department of Justice announced it had filed a lawsuit blocking the friendly merger.


    Enter AT&T CEO Randall L. Stephenson, well known to be a free market Republican favoring pro-growth tax reform and opposing Obama-style redistributing income from the working class. Mr. Stephenson has a long history of Republican giving, and averaging the three election cycles between 2006–2010, AT&T employees supported Republican candidates by 60%.


    Key government players during merger talks were Federal Communications Commission Chairman Julius Genachowski and Renata Hesse, now Deputy Attorney General for Anti Trust at DOJ, and of course, Attorney General Eric Holder, who runs the most blatantly politicized DOJ in history.
    FCC Chairman Genachowski is a longtime technology advisor for Barack Obama, serving on his transition team. Obama appointed him FCC Chairman in 2009. He and his wife, another Obama appointee, are long time Obama donors. Ms. Hesse, then in charge of the AT&T merger at FCC, has donated more than $6K to Obama for America. In a policy forum last year, Ms. Hesse stated the Obama Administration’s approach to antitrust was “vigorous enforcement.” But does that apply evenly across all merger applications?


    On February 14, 2014, Comcast announced intent to acquire Time Warner Cable in a deal worth $45.2 billion—$6 billion more than the AT&T/T-Mobile deal. This merger would also result in an approximate 40% market share. Overseeing this application at DOJ will be vigorous enforcer Deputy AG Hesse. As with AT&T, will the FCC and Department of Justice deny the Comcast merger, and in record time?
    If AT&T is “red,” Comcast and Time Warner Cable are deep “blue.” In 2012, Comcast employees donated $465K to the Democrat National Committee vs. $114K to the Republican National Committee and supported Obama over Republican Mitt Romney by nearly four to one. Time Warner donations were $442K Obama and $28K Romney.


    Comcast also has two Obama cronies working the merger. CEO Brian Roberts is an Obama golfing buddy whose political giving is 90% Democratic. Overseeing the merger is Comcast Executive Vice President David Cohen.


    Cohen and his wife have given upwards of $500Kto Obama while raising another $2.2 million. During a Democrat fundraiser at Cohen’s house, President Obama quipped, “I have been here so much the only thing I haven’t done in this house is have Seder.”
    Obama once publicly stated, “we’re gonna punish our enemies and … reward our friends.” Executive Branch action on the Comcast/Time Warner deal will demonstrate if this caveat applies to merger policy. A number of Congressional Committees will review the merger, including a Senate Judiciary hearing on April 9.

    In addition to analyzing financial details of this merger, Administration history of crony capitalism screams for Congressional inquiry to determine if the Executive gives preferential treatment to corporations with friendly donors. Merger approval or denial should be based on objective analysis, not which political party enjoyed the loudest clink in its campaign jar.
    If that’s the case, no matter what merger wins, consumers will always lose.

    Kerri Toloczko is a senior fellow at Frontiers of Freedom, a public policy institute dedicated to promoting individual freedom, limited government and free enterprise
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    But with Comcast and Time Warner agreeing to free cable and internet for the impoverished , this will be approved in a flash , just watch
    "

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    Quote Originally Posted by Krazy8 View Post
    But with Comcast and Time Warner agreeing to free cable and internet for the impoverished , this will be approved in a flash , just watch
    It should make it easier for the NSA to spy on the people too.

    I think we are seeing the last step in a politics Chicago-style shakedown.

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    Quote Originally Posted by Krazy8 View Post
    But with Comcast and Time Warner agreeing to free cable and internet for the impoverished , this will be approved in a flash , just watch
    Should be great for competitive rates
    Legal Reform
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    Quote Originally Posted by Hardtop View Post
    Should be great for competitive rates
    Its all part of the grand plan, some cant pay , so others have to pay more so that all get a fair share
    "

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    Default And those who pay will pay deeply...

    Quote Originally Posted by Krazy8 View Post
    Its all part of the grand plan, some cant pay , so others have to pay more so that all get a fair share
    Obama has Proposed 442 Tax Hikes Since Taking Office

    Legal Reform
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    Quote Originally Posted by Krazy8 View Post
    Its all part of the grand plan, some cant pay , so others have to pay more so that all get a fair share
    That in essence is the philosphy of the Democratic Party and its liberal leadership.
    "Liberals claim to want to give hearing to other views, but then are shocked and offended to discover that there are other views." William F. Buckley Jr.

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    Quote Originally Posted by Krazy8 View Post
    Its all part of the grand plan, some cant pay , so others have to pay more so that all get a fair share
    How many of those that "can't" pay, "could" pay, if they were willing to go get a job and work like the rest of us?

    If you're paralyzed from the neck down, then yeah, you "can't" work, but aside from that..........
    To my bitches - - - PRESIDENT DONALD TRUMP!! --- Get used to it.

    Proud to be an original member of the "Band of Useless Idiots"


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    Default Obamaland: Food Stamp Recipients Outnumber Women ...

    Quote Originally Posted by JoeyZac View Post
    How many of those that "can't" pay, "could" pay, if they were willing to go get a job and work like the rest of us?

    If you're paralyzed from the neck down, then yeah, you "can't" work, but aside from that..........
    How many are scamming the system or is our economy really this bad?

    Welcome to Obamaland: Food Stamp Recipients Outnumber Women Who Work Full-Time, Barack Obama … The Food Stamp President

    Welcome to Barack Obama’s ‘Hope & Change’… welfare instead of jobs.
    What happened to the country I grew up in, the Food Stamp edition. Since 1969 there has been a 1,552% increase in food stamp recipients. ARE YOU KIDDING!!! There were only 2,878,000 people on food stamps in 1969 as compared to the current 44,758,000. That is simply astonishing and unsustainable. The number of food stamp recipients has increased so much, that for 2012, the number of people participating in the food stamp program outnumbered the women who worked full-time, year-round in the United States.
    Check out in the chart below the vertical red line increase of food stamp recipients since Obama took office in 2009. They don’t call Barack Obama the Food Stamp president for nothing. His moniker has been well earned. Also check out on the same chart the stagnate blue line of woman who work full time under Obama’s administration. This is Obamanomics and the real war on woman. Obama has been nothing more than an EPIC FAILURE!!! America, we better right this ship before it is too late.
    CNS News:
    People participating in the food stamp program outnumbered the women who worked full-time, year-round in the United States in 2012, according to data from the Department of Agriculture and the Census Bureau.
    In the average month of 2012, according to the Department of Agriculture, there were 46,609,000 people participating in the food stamp program (formally known as the Supplemental Nutrition Assistance Program). That contrasts with the 44,059,000 women who worked full-time, year-round in 2012, according to the Census Bureau’s report on Income, Poverty and Health Insurance Coverage in the United States.
    For each woman who worked full-time, year-round in 2012, there was slightly more than 1 other person collecting food stamps.
    In 2013, the average number of people on food stamps increased to 47,636,000. The Census Bureau will not publish its report on Income, Poverty and Health Insurance Coverage for 2013, which includes the data on women working full-time, until September.
    The Department of Agriculture’s website lists the annual average number of food stamps participants going back to 1969. That year, there were only 2,878,000 people on food stamps. Since then, food stamps participants have increased by 44,758,000—or about 1,552 percent.
    Protein Wisdom opines on some not so good coincidences between the Carter and Obama presidencies. Why exactly did you reelect this disaster?
    For those into trivia, those three years (and 2013 is likely to join them as the fourth) took place under the Carter and Obama Administrations.
    As did the ruthless arrogance of Muslim extremists and Communist Russians.
    Again, probably just a coincidence — and even if it’s not, Obama’s reelection proves that women and minorities love them some other people’s ****, and don’t much care if that turns them, effectively, into slaves of the state. Because they’ve been empowered by “self-esteem,” which allows them to justify and rationalize away their own near-permanent state of being.
    Legal Reform
    Reduce the numbers of Lawyers in Public Office

    "The more corrupt the state, the more it legislates." - Tacitus


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