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The key feature of Bidenomics: Regulatory overreach

6 0
21.12.2023

With economic pessimism widespread and a presidential election looming, the White House is desperate to distance themselves from “Bidenomics.” After dubbing it the "word of the day, word of the week, word of the month, [and] word of the year here at the White House" this summer, the president avoided the term for more than a month. His allies in Congress are also actively avoiding the moniker.

But that doesn’t mean the administration has changed its tune on policymaking. Far from it. Behind the scenes, the hostility from Biden's political appointees toward the private sector continues unabated and is taking the economy down with it. From energy to tech to cars, virtually no sector has been left untouched by the long arms of misguided regulatory overreach.

Perhaps no greater offender is the Federal Trade Commission (FTC) and its chairwoman, liberal icon Lina Khan. Normally a faceless and anonymous branch of government, the “independent agency,” which has been under sole Democratic rule after the last remaining GOP appointee resigned in protest , has launched a number........

© Washington Examiner


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