267
Two billionaire Harris donors hope she will fire FTC Chair Lina Khan (www.reuters.com)
submitted 3 months ago by girlfreddy@lemmy.ca to c/news@lemmy.world
49 comments fedilink hide all child comments

Billionaire Democratic donors Barry Diller and Reid Hoffman said in interviews this week they hope Kamala Harris will replace Federal Trade Commission Chair Lina Khan if she becomes U.S. president, openly rejecting a pillar of President Joe Biden's antitrust policy.

Khan has been at the forefront of the Biden administration's push to use U.S. antitrust law to boost competition and address high prices and low wages. Khan, who oversaw the FTC's ban on noncompete agreements, has drawn the ire of corporate groups, but won fans including Donald Trump's running mate, JD Vance, for her skepticism towards big business.

Now, big money Democratic donors this week publicly said Khan should not be part of a potential Harris administration. Diller, chairman of travel site Expedia, said in a recent Bloomberg interview that he would donate the maximum allowed to Harris' campaign. He said in an interview on CNBC on Friday that he would lobby Harris to replace Khan, saying Khan was against "almost anything" business wants to do to grow efficiently.

all 50 comments
sorted by: hot top controversial new old
[-] girlfreddy@lemmy.ca 169 points 3 months ago

Khan, who oversaw the FTC's ban on noncompete agreements, has drawn the ire of corporate groups ... saying Khan was against "almost anything" business wants to do to grow efficiently.

Riiiight. "Business growing efficiently" sounds like a really bad meme, with NDA and layoff texts covering the whole panel and Trump screaming "YOU'RE FIRED!!"

Big business can fuck right off.

[-] DoctorWhookah@sh.itjust.works 120 points 3 months ago

If big business liked her she wouldn’t be doing her job. I saw her on Jon Stewart and she’s smart AF! I kinda gotta low key thing for her now. Should I tell my SO?

[-] dohpaz42@lemmy.world 35 points 3 months ago

Yes. Tell your SO. It’s a celebrity crush. Many people in relationships have them. Maybe you two can even role play and get spicy. Good luck!

[-] MagicShel@programming.dev 44 points 3 months ago

Oh, baby! I'm almost there. Say it again. Say, "too big to fail is too big to exist," again!

[-] dohpaz42@lemmy.world 12 points 3 months ago

Not quite what I was thinking, but if that works for you, who am I to judge? 🤓

[-] mecfs@lemmy.world 2 points 3 months ago

Get your coconuts ready gentlemen

[-] Prox@lemmy.world 113 points 3 months ago

Amazing that we don't consider shit like this to be bribery.

[-] Xeroxchasechase@lemmy.world 33 points 3 months ago

Maybe the citizens should unite...

[-] Loduz_247@lemmy.world 8 points 3 months ago

To demand that the government finance the political campaigns of the candidates and that there be no more lobbying?

[-] Xeroxchasechase@lemmy.world 8 points 3 months ago

Yeah. For sure. Us citizens had enormous power together, but they don't exercise it. (I was also referencing "citizens united" ruling, that made bribery legal)

[-] ColeSloth@discuss.tchncs.de 8 points 3 months ago

Research "citizens united". It's one of the biggest rulings that ever helped totally fuck the country up.

[-] Hugh_Jeggs@lemm.ee 29 points 3 months ago

I promise you everyone else does 😂

[-] MCasq_qsaCJ_234@lemmy.zip 5 points 3 months ago

It would actually be considered lobbying.

[-] foggy@lemmy.world 61 points 3 months ago

Idk anything about her but FTC has been actually doing work lately....

Like.. fuck that. But again IDK who this woman is.

[-] njm1314@lemmy.world 58 points 3 months ago

She's freaking amazing, she's like half the reason I was voting for Joe Biden.

[-] foggy@lemmy.world 4 points 3 months ago

I don't know how to tell you this, but...

[-] zer0squar3d@lemmy.dbzer0.com 1 points 3 months ago

Omg when did Biden pass?!?!?! /s

[-] Phenomephrene@thebrainbin.org 48 points 3 months ago

When asked for comment on the ramifications of operating business efficiently upon an already struggling working class, who are finding it increasingly difficult to secure housing and adequate nutrition for themselves and their children, Diller's lips formed a smile twice as broad as his face, eyes glossing over as he stared dreamily into the distance with eyes twinkling like the night sky.

The above quote may or may not actually appear in the linked article.

[-] ProjectPatatoe@lemmy.world 33 points 3 months ago

How about Lina Khan runs for president

[-] machinin@lemmy.world 32 points 3 months ago

Diller, chairman of travel site Expedia, said in a recent Bloomberg interview that he would donate the maximum allowed to Harris' campaign.

That's only like $3,300, right? What kind of influence does he expect with that?

[-] girlfreddy@lemmy.ca 10 points 3 months ago

Everything ... 'cause rich.

Silly you. ;)

[-] Xeroxchasechase@lemmy.world 7 points 3 months ago

There's maximum campaign donation?

[-] JimboDHimbo@lemmy.ca 16 points 3 months ago

For an individual person, yes. The loophole that the rich and wealthy use is to donate any monetary value above that 3k, to a PAC or super PAC.

[-] Xeroxchasechase@lemmy.world 1 points 3 months ago

I hear this word a lot, It's like a lobby?

[-] gerbler@lemmy.world 2 points 3 months ago

A PAC is a political action committee. You can only donate $3300 to a politician but if you donate 33 million to a PAC that pac can advertise, organise and campaign on the politicians behalf. Effectively sidestepping political donation laws.

[-] thesporkeffect@lemmy.world 27 points 3 months ago* (last edited 3 months ago)

This would be a great way for Harris to fully bidenize any enthusiasm the general public has for her candidacy.

Personally I'm saving empty glass bottles for no particular reason, I hope there continues to be no reason in the future

[-] dohpaz42@lemmy.world 13 points 3 months ago

Don’t forget to stock up on your oily rags. Never know when those will come in handy.

[-] NegativeInf@lemmy.world 17 points 3 months ago

But do not store them all together, as oily rags in sufficient heat, less than you think, can spontaneously combust.

[-] c0smokram3r@midwest.social 3 points 3 months ago

Same here 🍾🫡

[-] aodhsishaj@lemmy.world 20 points 3 months ago

Do it. Replace her with Bernie Sanders

[-] JPAKx4@lemmy.blahaj.zone 15 points 3 months ago

Ngl, bad idea. She is doing amazing and an expert in her field. Bernie is already doing a good job representing his people, let him be.

[-] aodhsishaj@lemmy.world 3 points 3 months ago

It was what I like to call a joke

[-] cordlesslamp@lemmy.today 2 points 3 months ago

That would be funny lol.**

[-] Pacattack57@lemmy.world 18 points 3 months ago

As usual the vultures see a regime change and try to swoop in

[-] Xeroxchasechase@lemmy.world 2 points 3 months ago

It might be a good sign.

[-] whotookkarl@lemmy.world 16 points 3 months ago

Oligarchs prevent democracy

[-] acockworkorange@mander.xyz 15 points 3 months ago

Man, do we need a Rosevelt at the seat right now.

[-] grue@lemmy.world 12 points 3 months ago

Best I can do is a reject Kennedy with brain worms.

[-] Loduz_247@lemmy.world 3 points 3 months ago

How can a Roosevelt be useful to us in this contemporary era? I ask out of curiosity.

[-] Djtecha@lemm.ee 16 points 3 months ago

Roosevelt threated to put bankers in stocks. For causing the depression. We need a president that threatens personal consequences to the ultrarich for their egregious actions.

[-] j4k3@lemmy.world 6 points 3 months ago

Talk quietly. Big stick bashing billionaires.

[-] acockworkorange@mander.xyz 3 points 3 months ago

He was famous for busting the biggest trusts the world has ever seen. Standard oil, U.S. Steel and I forgot the name of the railway.

[-] njm1314@lemmy.world 15 points 3 months ago

And it starts. The thing we were all worried about.

[-] harrys_balzac@lemmy.dbzer0.com 17 points 3 months ago

I'm hoping that by saying this publicly means they're being rebuffed privately and are trying to put pressure on her.

[-] someguy3@lemmy.world 12 points 3 months ago* (last edited 3 months ago)

but won fans including Donald Trump's running mate, JD Vance, for her skepticism towards big business.

Huh? The GOP appointments on the board were all about supporting non-competes saying it helps business and all that garbage.

[-] solrize@lemmy.world 10 points 3 months ago

Lots of Republicans don't like Amazon. Khan became famous as an academic by publishing articles saying how Amazon needed to be reined in, that existing antitrust law wouldn't do it, and that such-and-such changes should be made. She got brought into the FTC basically because of that.

[-] someguy3@lemmy.world 1 points 3 months ago* (last edited 3 months ago)

So the goldilocks size of business.

[-] mjhelto@lemm.ee 9 points 3 months ago* (last edited 3 months ago)

I'll start donating the maximum I can afford if she tells him to fuck off publicly! Or, just tell the douch she'll do it, then call him the day she confirms the pick is the same, and thank him for the donations. Fuck these ghouls.

this post was submitted on 26 Jul 2024
267 points (97.8% liked)

News

23287 readers
3469 users here now

Welcome to the News community!

Rules:

1. Be civil

Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.

2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.

Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.

3. No bots, spam or self-promotion.

Only approved bots, which follow the guidelines for bots set by the instance, are allowed.

4. Post titles should be the same as the article used as source.

Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.

5. Only recent news is allowed.

Posts must be news from the most recent 30 days.

6. All posts must be news articles.

No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.

7. No duplicate posts.

If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.

8. Misinformation is prohibited.

Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.

9. No link shorteners.

The auto mod will contact you if a link shortener is detected, please delete your post if they are right.

10. Don't copy entire article in your post body

For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 1 year ago
MODERATORS
rjc@lemmy.world
Thekingoflorda@lemmy.world
dezmd@lemmy.world
Tenthrow@lemmy.world
JonsJava@lemmy.world
gedaliyah@lemmy.world
Blackbeard@lemmy.world
little_cow@lemmy.world
jeffw@lemmy.world
enu@lemmy.world