Wednesday, January 8, 2025

Biden, Leaving Office With A Bang

JOE BIDEN, on his way out the door, is doing some great things. We can hope that he does even more before leaving office in eleven dreadful to anticipate days. Eleven days until armed forces of the United States of America launch air strikes against Greenland and Panama, as a warning to capitulate and submit to American territoriral demands, evidently. Biden signed an executive order forbidding a merger between Nippon Steel and U.S. Steel, a merger which would have been, probably, essentially a take over of the American company by the Japanese company. Good for Biden. The last thing the world needs is a single, huge global cartel owning and controlling the entire global steel industry, and that is the direction in which this proposed merger was headed. Both the Sherman (1890) and the Clayton (1914) Anti-Trust Acts give the president of the United States the power to prevent monopolies in any industry by forbidding corporate mergers for being "in restraint of trade". For the past fifty years, American presidents have either been unwilling to prevent such mergers, or not allowd to do so by our and their corporate masters, and as a result, every major industry in the United States ia a virtual monopoly, including industries like automotive, oil, steel, insurance, air travel, retail, and a host of others. A Nippon Steel U.S. Steel merger would create a multinational international corporate juggernaut, answerable to nobody, an independent corporate cartel entity with power unchecked by any one nation. A flurry of anti-trust action by the American government could go a long way to rectify the situation, but is not likely to happen, with the incoming Trump administration and Republican controlled Congress. In fact, Trump and the Republicans are likely to try to reverse Biden's anti-trust steel action, and to allow the merger of two of the worls's steel companies. Since the merger is desired by billionaires, surely the MAGA crowd with favor it. Biden's other heroic act before he exits is his order putting a huge amount of aread in the Atlantic ocean off limmits to oil drilling by American companies. What tha mans is that American companies will quite likely reorganize their corporations to become registered in other countries, and go right on drilling in the Atlantic. Either 0r the Trumpadministration and the Republican Congress will find a wy to resicnd Biden's cease and desist drilling order, and pursue a polic of unlimited oil drilling and coal mining, which will quite likely lead to the extinction of the human species and all life on Earth, sooner, rather than later Sooner, rather than alter, what we humans must do is to stop drilling for oil and digging for coal completely, because of climate change of the catastrophic kind, which is happening now. It has been said that Trump and the Republicans will be unabel to reverse this action by Biden, just as Trump was unable to reverse a similar action by Obama during his first administration. Let us pray that this is true. Trump's quirky criminal insanity is being evidenced, in spades, even now, as he rants and raves about the Panama Canal and Greenland. And yes, he is dead serious about this, alarmingly. He is also dead serious about reversing and eliminating all protections for the environment and eliminatng all action to reverse climate change, a policy which is not only totally insane and suicidal, but which is apparently wholly supported by his supporters. Nearly all of Trup's insane agenda must be opposed and defeated, but none more so then his suicidal climate change policy.

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