The Biden administration's war on American business has claimed another victim, and this time it's handed China a devastating victory on a silver platter. iRobot, the Massachusetts-based pioneer behind the iconic Roomba vacuum cleaner, filed for bankruptcy last December after Biden's antitrust regulators killed Amazon's $1.7 billion acquisition deal.
Now this American innovation powerhouse sits in the hands of Chinese creditors, while hundreds of American jobs vanish into thin air. This is what happens when radical leftist bureaucrats prioritize their anti-capitalist ideology over American competitiveness.
Regulatory Sabotage in Action
The Federal Trade Commission, stuffed with Biden's woke appointees, claimed they were "protecting competition" by blocking Amazon's purchase of iRobot. What did their meddling actually accomplish? They destroyed an American company that was struggling against brutal Chinese competition and needed Amazon's resources to survive.
"Antitrust law is supposed to defend consumers and prevent monopoly abuse," critics noted. "In this case, regulators killed a deal that could have kept iRobot alive, preserved American jobs, and strengthened a U.S. company facing brutal Chinese competition."
Instead of allowing American companies to join forces against the Chinese threat, Biden's regulatory state chose to kneecap our own innovators. It's economic suicide disguised as consumer protection.
Trump's Opportunity to Fix the Mess
This disaster perfectly illustrates why President Trump's deregulation agenda is so critical for America's economic future. While Biden's bureaucrats played ideological games, real American workers lost their livelihoods and cutting-edge technology fell into foreign hands.
Patriots, this is exactly the kind of regulatory overreach that's been strangling American innovation for decades. The deep state would rather see American companies fail than allow successful mergers that could compete with China.
How many more American success stories will we sacrifice on the altar of leftist antitrust hysteria before we realize the real monopoly threatening us comes from Beijing, not boardrooms in Seattle?