Obama’s Justice Department Selectively Blocks Mergers By Republican CEOs

First,  just a few reminders as to why this is happening:

“We’re gonna punish our enemies and we’re gonna reward our friends who stand with us on issues that are important to us.”

“They can come for the ride, but they gotta sit in the back”.

“After we win this election, it’s our turn. Payback time. Everyone not with us is against us and they better be ready because we don’t forget. The ones who helped us will be rewarded, the ones who opposed us will get what they deserve. There is going to be hell to pay. Congress won’t be a problem for us this time. No election to worry about after this is over and we have two judges ready to go.”

From Forbes.

Like all mergers, the proposed $45.2 billion Comcast merger with Time Warner Cable the largest and second largest cable providers in the nation—has its advocates and critics. There are certainly important questions about what impact the merger would have on consumers—but there are equally significant issues associated with the highly politicized approval process.

The Obama Department of Justice, led by Eric Holder, must review the merger and decide whether to approve or block it. Unfortunately, the Obama Administration and Justice Department have a long track record of pushing the rule of law aside and making decisions based on politics. Will the proposed Comcast merger with Time Warner Cable receive the scrutiny it deserves, or simply be fast-tracked for approval based on politics?

Let’s look at some history—which is detailed in a new Frontiers of Freedom report.  In 2009, the Obama Administration gave Solyndra, a failing California solar panel firm, a $536 million “loan.”  Shortly thereafter, Solyndra was fully bankrupt.  Prior to the loan, Solyndra executives and board members gave generously to Barack Obama, including Tulsa oil billionaire and Obama bundler George Kaiser, one of Solyndra’s main investors.

……If money buys favors from the Obama Administration, a lack of it produces the opposite.

In 2011, AT&T announced it would seek permission from the government for a $39 billion merger with T-Mobile.  Processing the application was expected to take at least twelve months.  But within five months, the Department of Justice announced it had filed a lawsuit blocking the friendly merger.

Enter AT&T CEO Randall L. Stephenson, well known to be a free market Republican favoring  pro-growth tax reform and opposing Obama-style redistributing income from the working class.  Mr. Stephenson has a long history of Republican giving, and averaging the three election cycles between 2006–2010, AT&T employees supported Republican candidates by 60%.

Key government players during merger talks were Federal Communications Commission Chairman Julius Genachowski and Renata Hesse, now Deputy Attorney General for Anti Trust at DOJ, and of course, Attorney General Eric Holder, who runs the most blatantly politicized DOJ in history.

FCC Chairman Genachowski is a longtime technology advisor for Barack Obama, serving on his transition team.  Obama appointed him FCC Chairman in 2009.  He and his wife, another Obama appointee, are long time Obama donors.

If AT&T is “red,” Comcast and Time Warner Cable are deep “blue.”  In 2012, Comcast employees donated $465K to the Democrat National Committee vs. $114K to the Republican National Committee and supported Obama over Republican Mitt Romney by nearly four to one.  Time Warner donations were $442K Obama and $28K Romney.

Comcast also has two Obama cronies working the merger.  CEO Brian Roberts is an Obama golfing buddy whose political giving is 90% Democratic.  Overseeing the merger is Comcast Executive Vice President David Cohen.

Cohen and his wife have given upwards of $500Kto Obama while raising another $2.2 million.  During a Democrat fundraiser at Cohen’s house, Obama quipped, “I have been here so much the only thing I haven’t done in this house is have Seder.”

Obama has given payoffs to  unions,  failed ‘green projects’, CEOs, and districts of liberal pals. There’s so much corruption, graft, and slimy cronyism that Tammany Hall would be jealous.  He demonizes the hard-working  successful business owners who oppose higher taxes and his ObamaCare trainwreck.  But he’s not beneath sucking up to the very Wall Street execs he labels “vampires”.

And of course, he selectively targeted the Tea Party and other patriotic groups for harassment and discrimination.

If the GOP gains control of the Senate this November, they don’t have one hair on their ass if they don’t inflict a little payback of their own.