Biden signs executive order aimed at businesses

President Joe Biden on Friday declared war on what he described as anti-competitive practices in a host of industry sectors by signing a sweeping executive order that includes a roster of 72 different initiatives, as The Hill reported.

“The heart of American capitalism is a simple idea: Open and fair competition,” Biden declared during an appearance at the White House. “That means if your companies want to win your business, they have to go out and they have got to up their game. Better prices and services, better ideas and better products,” he added.

In explaining the perceived need for the measures, a White House fact sheet indicated that anti-competitive activity across a range of industries have resulted in higher prices, hindered wage growth and hampered innovation.

“Let me be very clear. Capitalism without competition isn’t capitalism. Without healthy competition, big players can change and charge whatever they want and treat you however they want. And for too  many Americans, that means accepting a bad deal for things you can’t go without. So we know we’ve got a problem, a major problem. But we also have an incredible opportunity,” the president declared.

Stated goals of the executive order include boosting the affordability of broadband service, lowering the costs of prescription drugs, facilitating easier refunds from airlines, and banning or greatly reducing the use of noncompete agreements for employees, according to The Hill.

Biden also indicated a desire to greatly restrict the ability of companies to gather the personal information of consumers, and to that end, ordered the creation of new rules related to surveillance and the acquisition of user data.

Responsibility for implementing the initiatives will be spread over 12 different federal agencies, including the Food and Drug Administration (FDA) and the Federal Trade Commission (FTC).

While the move garnered swift praise from far-left Sen. Elizabeth Warren (D-MA), who called it a “critical” step in protecting working-class Americans, she urged Congress to go even further “to strengthen the federal agencies responsible for enforcement and outlaw the anti-competitive practices plaguing our markets today.”

The U.S. Chamber of Commerce, however, was far less enthusiastic, saying that the executive order “smacks of a ‘government knows best’ approach to managing the economy” and pledged to “vigorously oppose calls for government-set prices, onerous and legally questionable rulemakings, efforts to treat innovative industries as public utilities, and the politicization of antitrust enforcement.”

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23 days ago

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G Gray (@guest_381052)
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24 days ago

LIMIT TERMS ! LIMIT TERMS ! LIMIT TERMS ! LIMIT TERMS!

Terry (@guest_381043)
Guest
24 days ago

This man is totally insane and a DICTATOR with his excessive EXECUTIVE ORDERS. Coming from the man who said ANYONE who RULES with executive orders is a Dictator. Typical Demoçrat, LIES through his teeth, ALL the while smiling like they’re doing you a huge favor.

Stephen Russell (@guest_381006)
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24 days ago

How much will impact Big Tech vs Joe & Jane small business?

PatriciaWilson (@guest_380990)
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24 days ago

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Jerry Moore (@guest_380981)
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24 days ago

Biddey is nothing but a deplorable racist stupid democrat

Linda_in_MA (@guest_380916)
Guest
24 days ago

Note worthy to have left off of Biden’s hit list: Facebook, Twitter, Goggle, Apple, Microsoft and Amazon. oversights, I’m sure (yes, that’s sarcasm).

Dennis (@guest_380912)
Guest
24 days ago

So is this the new way our government is going to be run anymore,,
One mans decision and a stroke of the pen,,

Beverly R Thorpe (@guest_380977)
Guest
Reply to  Dennis
24 days ago

And this man obviously knows NOTHING about business. Most of those in Congress never worked in anything but politics from right out of college, never had a different job, never owned or run a business, just benefited off the taxpayers and foreign shady deals.

Marine Bob (@guest_380837)
Guest
24 days ago

And biden, tell them how you have helped make the oil industry and pipelines competitive…

Bruce Walters (@guest_380772)
Guest
25 days ago

If Biden was actually signing all those Executive orders, he’d have an arm like Arnold Schwarzenegger. More that likely, it’s auto pen

Carolyn b (@guest_380768)
Guest
25 days ago

What really needs to be done is make Biden do a cognitive test. That will tell us all he needs to be impeached, I have no doubts.

Nicolas P Cignetti (@guest_380754)
Guest
25 days ago

Slowly but surely the American way of life is being taken away from all. I quote Patrick Henry “Give me liberty or give me death.”

David Andrews (@guest_380762)
Guest
Reply to  Nicolas P Cignetti
25 days ago

Regretfully, you are absolutely correct!

joe (@guest_380742)
Guest
25 days ago

Can anyone any where tell me in Bidens history in DC that has done anything at all for Americans????

Dale (@guest_380817)
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Reply to  joe
24 days ago

Joe
NOPE

Katydid (@guest_380740)
Guest
25 days ago

Anything that Biden does is wrong. He hasn’t made a good decision in over 40 years.

Fern (@guest_380765)
Guest
Reply to  Katydid
25 days ago

So Absolutely Correct!!!!!!!!!!!!!

Michael J O'Connor (@guest_380724)
Guest
25 days ago

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Katy Lied (@guest_380718)
Guest
25 days ago

How wonderful that our old, demented president is also a business expert! He’s never run any business a day in his life besides CRIMINAL ACTIVITY, so maybe he’s going to teach all businessmen to lie and cheat and steal? What an awesome example this old bag of refuse is.

Cheryl (@guest_380699)
Guest
25 days ago

Get those CLOWNS out of the WH.

M Levy (@guest_380714)
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Reply to  Cheryl
25 days ago

This is the beginning control of government by restriction and over site of capitalism.

Dennis (@guest_380911)
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Reply to  Cheryl
24 days ago

Good one Cheryl,,

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