The Department of Justice suit against AT&T/T-Mobile seems contrary to the goals of the administration. Challenging a deal which promises to save thousands of American jobs, and has the potential to create new jobs, will undermine the President’s renewed focus on job creation. Over 9.2 percent of Americans remain unemployed and restoring economic growth is the nation’s most critical priority.
Our antitrust laws play a small but important role in helping to spur employment. Sound antitrust enforcement can spur economic growth by eliminating unnecessary barriers to entry, or by protecting rivalry. When antitrust enforcement is used prudently, the benefits of greater competition not only lead to lower prices and output, but hopefully greater job growth. However, the DOJ’s suit has the possibility to prevent hope for job growth.
The above excerpt was originally published in The Hill.
Click here to view the full article.