• August 4, 2021

Exclusive: Biden creates dream team for fighting Big Tech, Wall Street abuses

 Exclusive: Biden creates dream team for fighting Big Tech, Wall Street abuses


Good government Democrats are thrilled. Sen. Amy Klobuchar, the chair of the Senate Judiciary antitrust panel, said that Kanter’s “deep legal experience and history of advocating for aggressive action make him an excellent choice.” Rep. Pramila Jayapal, the Washington state Democrat who has authored a bill to force companies like Google, Amazon, Apple and Facebook to divest some holdings, said Kanters nomination is excellent news for workers, consumers, small businesses, and innovation across America!” Sen. Elizabeth Warren agrees.

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If confirmed, Kanter will join two more skeptics, if not downright foes, of Big Tech in the administration: Lina Khan, who heads the FTC (she’s already got Facebook and Amazon “rattled”; and Tim Wu at the National Economic Council (yes, that Tim Wu, the “father of net neutrality”). The three together are the dream team for progressives—so much so that they got coffee mugs made months ago for it.

But Kanter isn’t the only nominee Democrats are rejoicing over. On Monday, Biden announced he’ll be nominating Graham Steele as assistant Treasury secretary for financial institutions. Here’s the great news on that one—the former Democratic chief counsel on the Senate Banking committee has also worked for Sen. Sherrod Brown. He also served as Staff Director of the Subcommittee on Financial Institutions & Consumer Protection and is currently the Director of the Corporations and Society Initiative at the Stanford Graduate School of Business. He’ll be overseeing Biden’s efforts to tighten regulations on financial institutions.

“This is an excellent choice by President Biden. Graham Steele spent his career fighting Wall Street greed—on the side of working families and consumers,” said Brown. “I am confident that as Assistant Secretary, Mr. Steele will support the President’s fight to address income inequality, climate change, and systemic racism, and to make our economy more just for workers. I fully support his nomination and urge my colleagues to do the same.”

This one has Warren pleased as well.

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Just a few more tweaks—getting a full Federal Communications Commission on board to reinstate net neutrality and putting some pressure on the U.S. Postal Service Board of Governors to finally boot Trump holdover Postmaster General Louis DeJoy—and we’ll have a government that knows what it’s doing and is doing it to make life better for everyone. What a difference a president can make.





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