The Biden administration's war on American business has claimed another casualty – and this time, China is celebrating. Federal antitrust regulators' decision to block Amazon's acquisition of iRobot didn't just kill a deal; it murdered an American robotics pioneer and served it up on a silver platter to Chinese creditors.
iRobot, the Massachusetts-based company that revolutionized home cleaning with the Roomba vacuum, filed for bankruptcy last December after regulators spent months sabotaging Amazon's $1.7 billion rescue package. The company that once symbolized American innovation is now at the mercy of Chinese financial interests – exactly the outcome our so-called "competition" defenders claimed to prevent.
Antitrust Insanity Destroys What It Claims to Protect
Here's the sick irony: antitrust law supposedly exists to protect consumers and prevent monopolies. But Biden's regulatory zealots were so obsessed with punishing Amazon that they ignored the real threat – China's relentless assault on American manufacturing and technology.
While federal bureaucrats played their anti-business games, iRobot was drowning in brutal competition from Chinese manufacturers flooding the market with cheap knockoffs. The Amazon deal could have provided the resources and scale needed to fight back. Instead, regulators chose ideological purity over American jobs and innovation.
This is the same backward thinking that has gutted American manufacturing for decades. Our government attacks successful American companies while rolling out the red carpet for foreign competitors. How's that working out for us?
Another Win for China, Another Loss for America
The collapse of iRobot represents everything wrong with the Biden administration's approach to business regulation. They're more concerned with virtue signaling about "big tech" than protecting American workers and technology from Chinese predators.
President Trump's return to the White House couldn't come soon enough. His America First policies will end this self-destructive regulatory madness and focus on what actually matters: keeping American companies strong and competitive against foreign threats.
How many more American success stories will we sacrifice on the altar of woke antitrust theology before we wake up and start putting America first again?