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Matt Stoller Profile picture
@matthewstoller
Oct 1 • 7 tweets • 2 min read Twitter logo Read on Twitter
This is pretty much every discussion with a Democrat about why Obamacare was a bad law.

"I don't believe reality."
The basic issue with Obamacare is that Obama tackled the *wrong problem.* He thought the problem is that not enough people have this weird financial product called health insurance.

The actual problem is everything costs too much because monopoly/fraud.
Yes, things are worse, and yes, things are worse *because of Obamacare.* If I hire you to fix the foundation of my house, and you instead fix the fridge, hell yes I'm going to hold you accountable for the flooding that happens when a storm comes.
The broader problem with Democrats is the intra-party conversation is totally broken because no one can publicly acknowledge that Obama was a very bad President with very bad ideas, and that Democrats should not have supported him.
We did an analysis of a bunch of really bad decisions by the Obama administration. He let Live Nation buy Ticketmaster. Ticketmaster! TICKETMASTER! economicliberties.us/our-work/coura…
Obama's fundamental promise was not policy, but to end the civil rights movement through elite racial reconciliation. He did. It's just that no one is particularly happy about it nor can they admit it, least of all longstanding bureaucracies that now have a flimsy moral basis.
I forgot about this one, and it seems like cognitive dissonance until you realize that Obama's policy lies and endorsement of utter greed at the top was morally consistent with what he promised Democratic voters and what those Democratic voters wanted.

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More from @matthewstoller

Matt Stoller Profile picture
Sep 28
Greedflation alert! The Antitrust Division is suing over price-fixing of chicken, turkey, and pork products. 90% of the market is unlawfully inflated. justice.gov/opa/pr/justice…
The conspiracy here to hike meat prices is remarkable. One Tyson executive explained, “we not only have to increase our price but we also have to out run our competitors[’] improvements.” justice.gov/d9/2023-09/agr…
An executive at Smithfield, a pork processor, summarized Agri Stats’ consulting advice in four words: “Just raise your price.”
Read 8 tweets
Matt Stoller Profile picture
Jul 24
1. There's a myth that the antitrust agencies are 'losing'. So I'm going to go over a bunch of the actual wins. First is Sportsman's Warehouse attempt to buy Great Outdoors in 2021. https://t.co/cvorsADn4freuters.com/markets/deals/…
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2. The FTC beat Warren Buffett's attempt to monopolize pipelines in Utah. Image
3. The FTC blocked the monopolization of New Jersey hospitals. https://t.co/SIfHsme6Jyfiercehealthcare.com/providers/hack…
Image
Read 14 tweets
Matt Stoller Profile picture
Jul 13
Here's Republican House Judiciary Chair Jim Jordan this morning on CNBC saying it's important to let big tech engage in acquisitions because "that's gonna help the country and help the consumer."

Ladies and gentlemen, the realignment!
Ok I'll be live-tweeting the Judiciary Hearing where Jim Jordan is grilling the FTC's Lina Khan. Jordan starts by saying that the last 40 years of antitrust has been *excellent* and produced more wealth than ever created in human history
Jordan: Says Lina Khan's management of the FTC is "intimidation followed by inaction." Starts in on requests for information on Twitter. Is bringing up censorship, says the FTC is 'shaking down' Elon Musk.
Read 34 tweets
Matt Stoller Profile picture
Jul 12
Lina Khan is doing a terrible job. Just terrible.
Lina Khan is just a disaster.
Lina Khan is having no effects on anything. She needs to back to pre-school and stop bringing frivolous cases.
Read 5 tweets
Matt Stoller Profile picture
Jul 11
I'd guess this one's gonna get appealed. It became very obvious at trial that Judge Jacqueline Scott Corley is your standard boomer moron. Hard to imagine she didn't make significant legal errors.
Re: Microsoft-Activision, when a Biden judge - whose son works at Microsoft - lets the biggest tech merger of all time go through, we have a serious problem with the judiciary. There was massive amounts of evidence that Microsoft's goal is monopolization.
Reading the decision here. storage.courtlistener.com/recap/gov.usco…
Read 8 tweets
Matt Stoller Profile picture
Jul 3
Melissa Holyoak spent years at a legal shop funded by big tech. Basically Mitch McConnell just put up Amazon/Google/Facebook as the chief antitrust enforcer of the GOP.
Here's the lobby shop where new GOP FTC Commissioner nominee Melissa Holyoak used to work. Looks like conservatives got played by Google and Mitch McConnell, as usual.
For years, Holyoak was at a public interest law firm funded by Google, Amazon, and Facebook to aid in their policy objectives. Now she'll run GOP antitrust policy at the FTC.
Read 7 tweets

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