Sanders called on the Obama administration on Twitter to: "kill the Time Warner/AT&T merger. This deal would mean higher prices and fewer choices for the American people."
Comment: The amount of stupid in this tweet is staggering. Sanders' formula is: "Gotta milk the discontent with big business - so make silly claims whenever anything big happens and say that it leads to higher prices and fewer choices, because economics."Let's see:
- Create de facto monopolies supported by poorly implemented and nonsensical regulations that make it prohibitively expensive for competitors to enter the market.
- Blame everything on lassez-faire capitalism.
- Repeat for awhile.
- Realize that repeatedly doing the same thing and expecting different results is silly.
- Tell the president to create the reality you expected but failed to achieve thus far.
Sanders joins the growing list of political opposition to the stock-and-cash merger, which was unanimously passed by the boards at both companies, but still has to be approved by US federal regulators.
Comment: Everybody loves a bandwagon.
Presidential candidate Donald Trump was quick to criticize the deal on Saturday, saying this is the kind of power structure he's fighting.
Comment: Yeah - like we believe that.
"AT&T is buying Time Warner and, thus, CNN, a deal we will not approve in my administration, because it's too much concentration of power in the hands of too few," said Trump.
Comment: He's just mad he isn't deep in telecoms.
"I'm pro-competition," said Senator Tim Kaine, Hillary Clinton's vice presidential running mate, on Sunday during NBC's Meet the Press before he echoed Trump's worries about too much concentration. "Less concentration, I think, is generally helpful, especially in the media," he added.
Comment: Less concentration? Yeah - and this is the way you get it? Tim Kaine is about as pro-competition as the average person is pro-spastic colon cancer.
AT&T agreed to pay Time Warner $500 million if the deal did not pass the regulators, according to The Wall Street Journal. In turn, Time Warner pledged to pay $1.7 billion penalty to AT&T if someone outbids its offer.
Comment: Enter the rat we smelled. Someone stands to gain $500 million if a few politicians kill the merger. Jesus Christ - this is so transparent it's x-rayed. Wonder how much the bandwagon gets in campaign contributions...
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