Dems Rally to Save Lina Khan After Mark Cuban Puts Target on Her Back
Progressive Democrats are rallying around Federal Trade Commission Chair Lina Khan amid reports that business executives supporting Kamala Harris want her dismissed. Billionaire Mark Cuban told Semafor on Tuesday that “if it were me, I wouldn’t” keep Khan next year, criticizing the FTC chair for taking on technology firms over artificial intelligence.“The bigger picture is, she’s hurting more than she’s helping,” Cuban said, even while acknowledging her admirable antitrust efforts to improve pharmacy benefits.Cuban’s comments drew a sharp reply from Senator Bernie Sanders, who posted on X Tuesday afternoon that Cuban “is wrong. Lina Khan is the best FTC Chair in modern history.“By taking on corporate greed & illegal monopolies, Lina is doing an exceptional job preventing large corporations from ripping-off consumers & exploiting workers,” Sanders said, thanking Khan “for what you are doing.”Representative Alexandria Ocasio-Cortez echoed Sanders’s show of support in her own post Wednesday morning. “Let me make this clear, since billionaires have been trying to play footsie with the ticket: Anyone goes near Lina Khan and there will be an out and out brawl. And that is a promise,” Ocasio-Cortez said in her post. “She proves this admin fights for working people. It would be terrible leadership to remove her.”Ocasio-Cortez’s post alluded to Harris’s recent efforts to court business leaders and corporate executives and draw them away from Donald Trump. Several executives have pledged their financial support to the vice president, even forming a “Business Leaders for Harris” group to raise money. These include Cuban, LinkedIn co-founder Reid Hoffman, Netflix co-founder Reed Hastings, and Ken Chenault, the former CEO of American Express who now heads a private equity firm.Two finance executives told the Financial Times last week that they expected Harris to make more business-friendly appointments to the FTC and the Securities and Exchange Commission. Both Khan and Gary Gensler, who heads the SEC, have directed their agencies to go after corporate consolidation and malfeasance, with Khan making pro-worker reforms and Gensler taking on the cryptocurrency industry. Hoffman has made no secret of his desire to see Khan dismissed, accusing her of “waging war on American business.”Will Harris side with business executives and dismiss Khan, or will she listen to progressives like Sanders and Ocasio-Cortez and continue President Biden’s efforts to rein in corporate excess? It all depends on whose support the vice president thinks is more vital to defeating Trump.
Progressive Democrats are rallying around Federal Trade
Commission Chair Lina Khan amid reports that business executives
supporting Kamala Harris want her dismissed.
Billionaire Mark Cuban told Semafor on Tuesday that “if it were me, I wouldn’t” keep Khan next year, criticizing the FTC chair for taking on technology firms over artificial intelligence.
“The bigger picture is, she’s hurting more than she’s helping,” Cuban said, even while acknowledging her admirable antitrust efforts to improve pharmacy benefits.
Cuban’s comments drew a sharp reply from Senator Bernie Sanders, who posted on X Tuesday afternoon that Cuban “is wrong. Lina Khan is the best FTC Chair in modern history.
“By taking on corporate greed & illegal monopolies, Lina is doing an exceptional job preventing large corporations from ripping-off consumers & exploiting workers,” Sanders said, thanking Khan “for what you are doing.”
Representative Alexandria Ocasio-Cortez echoed Sanders’s show of support in her own post Wednesday morning.
“Let me make this clear, since billionaires have been trying to play footsie with the ticket: Anyone goes near Lina Khan and there will be an out and out brawl. And that is a promise,” Ocasio-Cortez said in her post. “She proves this admin fights for working people. It would be terrible leadership to remove her.”
Ocasio-Cortez’s post alluded to Harris’s recent efforts to court business leaders and corporate executives and draw them away from Donald Trump. Several executives have pledged their financial support to the vice president, even forming a “Business Leaders for Harris” group to raise money. These include Cuban, LinkedIn co-founder Reid Hoffman, Netflix co-founder Reed Hastings, and Ken Chenault, the former CEO of American Express who now heads a private equity firm.
Two finance executives told the Financial Times last week that they expected Harris to make more business-friendly appointments to the FTC and the Securities and Exchange Commission. Both Khan and Gary Gensler, who heads the SEC, have directed their agencies to go after corporate consolidation and malfeasance, with Khan making pro-worker reforms and Gensler taking on the cryptocurrency industry. Hoffman has made no secret of his desire to see Khan dismissed, accusing her of “waging war on American business.”
Will Harris side with business executives and dismiss Khan, or will she listen to progressives like Sanders and Ocasio-Cortez and continue President Biden’s efforts to rein in corporate excess? It all depends on whose support the vice president thinks is more vital to defeating Trump.
