President Obama Blocks Business Merger Of AT&T And T-Mobile (Anti-Business?)

Discussion in 'Current Events' started by liberalminority, Aug 31, 2011.

  1. liberalminority

    liberalminority Well-Known Member

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    This looks like an anti-business move but the suit cites anti-competitive concerns.

    These are the two largest phone companies and under a Republican administration their merger would have no problem because it would be seen as progress in the free market.

    It looks like a good move by the Justice Department though because companies are becoming too big and powerful and need to be weakened.

    http://finance.yahoo.com/news/US-files-to-block-ATT-rb-1867304945.html?x=0
     
  2. Badmutha

    Badmutha New Member

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    The Democrat Plan for all Businesses over the last 100 years.........
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    texmaster and (deleted member) like this.
  3. Travis Bickle

    Travis Bickle Banned

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    Verizon is not enough competition? You got to be f*cking kidding me.

    President POS strikes again.
     
  4. RichT2705

    RichT2705 Well-Known Member Past Donor

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    Somewhere, Verizons lobbyists are cheering.
     
  5. Travis Bickle

    Travis Bickle Banned

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    They sure are.
     
  6. darckriver

    darckriver New Member Past Donor

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    YES!!! That's a very smart move. Our economic recovery definitely "needs businesses to be weakened". That Obama is certainly the shrewd one!
     
  7. Beevee

    Beevee Well-Known Member Past Donor

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    Interesting remark, since the lack of regulation by the previous administration threw thousands onto the streets.
     
  8. keymanjim

    keymanjim New Member Past Donor

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    Explain that one. Because the last administration wanted more regulations. Except they wanted it on the dems private banks, fannie mae and freddie mac. And the dems couldn't let that happen.
     
  9. liberalminority

    liberalminority Well-Known Member

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    these companies are examples oligopolies meaning there is more than one monopoly working together to rule the market..

    republicans and libertarians want these types of companies to be bigger and more profitable so they can more easily control the money flow
     
  10. TheHat

    TheHat Well-Known Member

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    Good job Team Obama!

    You just told 5,000 people not to cone back to America and work. This merger was going to send 5,000 jobs BACK to the USA from overseas.

    So now let's hear Democrats (*)(*)(*)(*) and moan about Republicans wanting to send jobs overseas.....lol.
     
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  11. Margot

    Margot Account closed, not banned

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    Deputy Attorney General James Cole cited the potential monopoly created by the merger of two of the top four wireless carriers in the country, and the resulting impact on consumers.

    “The combination of AT&T and T-Mobile would result in tens of millions of consumers all across the United States facing higher prices, fewer choices and lower quality products for mobile wireless services,” said Cole in a press conference earlier today.

    The DOJ’s Antitrust Division is responsible for reviewing potential mergers in order to prevent internal collusion.

    Upon learning of this lawsuit, the Federal Communications Commission, which must approve the proposed merger on a competitive basis, voiced its renewed concerns.

    “Competition is an essential component of the FCC’s statutory public interest analysis,” said Chairman Julius Genachowski in a statement. “Although our process is not complete, the record before this agency also raises serious concerns about the impact of the proposed transaction on competition. “

    Read more: http://dailycaller.com/2011/08/31/doj-sues-to-stop-giant-telecom-merger/#ixzz1WcztZp9H
     
  12. Burzmali

    Burzmali Well-Known Member Past Donor

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    Has there ever been a merger between two large companies that didn't ultimately result in a net loss of jobs? Every redundant position between AT&T and T-Mobile would have been cut. Bring back 5k jobs from overseas and cut 10k existing jobs here. Yeah, that sounds great.
     
  13. f_socialism

    f_socialism New Member

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    I must have missed the 10,000 jobs being cut. Can you cite your source on that one or did you just make up numbers?
     
  14. BTeamBomber

    BTeamBomber Well-Known Member

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    This would have meant higher prices, serious job cuts in the states, and most importantly, less innovation and competition in the market.

    If we hadn't broken up the Bell monopoly a few decades back, we might not yet have cell phones. If Microsoft had been able to do something drastic like buy Apple a decade and a half ago, we'd all still be plugging along on Windows 98, and listening to music on portable CD players.

    Competition means innovation. Innovation means new jobs, new markets, and new growth. Study EVERY history related to breaking up monopolies, and you see our nation prosper BECAUSE we prevented their success. What makes the cons on this site think that somehow 200 years of history will somehow be different this time if we let a monopoly form? Seriously, I want more than a single sentence slam on our president and some argument dissing liberals. I want to hear why that merger would have been a good thing, and I want it to be stated with facts backing it up, not some "claim" that 5000 jobs will all of the sudden be created.
     
  15. RichT2705

    RichT2705 Well-Known Member Past Donor

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    No competition??

    Is Verizon really that much of a non thought? Hello?
     
  16. BTeamBomber

    BTeamBomber Well-Known Member

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    Please study basic economics and business management and then you'll understand. When you combine two companies all under the same name, do you need to keep two marketing branches? Two sets of warehouses? Two research departments? Two sets of executive board members? Two storefronts in each mall and strip mall where competition is located? Really? Thats how you think they would have run their business? Please. You cannot be that ignorant, I refuse to believe it. Please prove me wrong with even the slightest modicum of intelligence in your response.
     
  17. Burzmali

    Burzmali Well-Known Member Past Donor

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    I made up the number. The reality would likely be much larger. Every large merger results in job cuts. Every T-mobile store/kiosk that sits within the vicinity of an AT&T store would have been closed and most of those employees out of a job. The same goes for every redundant district and regional manager. No need for twice as many call centers, so more jobs lost. If you really need sources, I can pull up every article ever about a large company merger.
     
  18. BTeamBomber

    BTeamBomber Well-Known Member

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    This girl will be out of a job.

    [​IMG]
    That would be a tragedy.
     
  19. RichT2705

    RichT2705 Well-Known Member Past Donor

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    Hahaha, we have common ground here, I love that lady. AT&T would need to use her in their ads, or I'll drop my Cell Service! :mrgreen:
     
  20. Silkheat

    Silkheat New Member

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    Really? So you really think that At&t wasn't just saying this to confuse people like you? Gullible..
     
  21. PeteZilla

    PeteZilla New Member

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    Mergers nearly always result in job cuts. Especially with tech companies. Many times tech companies buy out other companies to either buy out employees or buy out technology. Usually if it's the latter job cuts are coming. I doubt ATT needed that many more employees.

    Good post.



    As much s a concern it is for a president to personally block a move. This is great news for the mobile industry. We need more competition in the mobile market. ATT is trying to lock down the industry and have been trying to keep the iPhone service strictly in their hands thus inflating prices. ATT is being highly aggressive and lacking in quality of service in many areas.
     
  22. Silkheat

    Silkheat New Member

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    No and neither is 3. That is the problem letting private companies create public infrastructure.
     
  23. Silkheat

    Silkheat New Member

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    Thank you for a reasonable post.
     
  24. liberalminority

    liberalminority Well-Known Member

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    government should regulate mergers to where they are only allowed for smaller failing companies

    if no jobs are lost in this merger it will create another big business that does not have to rely on innovation but money to control the market.

    republicans profit from big monopolies politically because their ideology caters to exploitation.
     
  25. BringDownMugabe

    BringDownMugabe Well-Known Member

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    AT&T buying out T Mobile is just another example of how modern capitalism is really just corporatism.
     

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