The liberal senators who stood up in opposition to
the Comcast-Time Warner merger scored a major victory as Comcast has
pulled out of the planned deal.
Sen. Sanders (I-VT) reacted to the news by
saying, “The report that Comcast is backing away from its bid to take
over Time Warner Cable is good news for American consumers. The level of
media consolidation in America already is unacceptable and it would
have been extremely dangerous for one company to control 57 percent of
the broadband Internet market, 30 percent of the cable market and
dominate 19 of the 20 largest U.S metropolitan areas.”
Sen. Franken (D-MN) said, “I’ve been opposed to this
deal since it was first announced, and I’m glad that over the last 15
months, more and more people have come to see it the way I do. This
transaction would create a telecom behemoth that would lead to higher
prices, fewer choices, and even worse service. We need more competition
in this space, not less. If reports of the collapse of the deal are
true, it would be a huge victory for American consumers.”
Sen. Franken was correct. Getting Comcast to drop
their monopolistic Time Warner deal is a great win for consumers, but it
was the pressure generated by Senate liberals that turned up the heat
on the deal. The power of the liberal movement in this country was
flexed in the outrage generated by the potential creation of the largest
cable company in the country. Outside of the extreme concentration of
wealth at the top, and the staggering disparity in income inequality,
the death of the free market is a one of the biggest problems facing the
U.S. economy.
The objections of the FCC and the Department of Justice caused Comcast to pull the plug, but it was liberal outrage that started and fueled the fire. Liberals killed a huge deal for two of the biggest corporations in the country.
This
is a good day for the left, and a moment that cements that it is the
liberal movement in this country who are the real defenders of consumers
and free market competition.
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