The Booty Report

News and Updates for Swashbucklers Everywhere

Arrr! Biden's scurvy trade commission be plunderin' American AI like a band of scallywags on the high seas!

2024-05-06

Arrr, this Lina Khan be a scurvy wench, aye! Her allegiance be to foreign lands and not to our own tech buccaneers. She be a threat to our national security and be underminin' our American AI treasure map. Beware, me hearties, beware!

The Federal Trade Commission (FTC), under Chairwoman Lina Khan, is on a rampage to suppress American tech companies in favor of international competitors, colluding with foreign governments to impose harsh regulations. Khan defends these policies by citing past federal actions, but fails to recognize the unique nature of the digital technology industry. American innovation is being stifled by the FTC, which uses taxpayer funds to assist the EU in targeting American tech companies, claiming they only deliver marginal innovations.Khan ignores data showing that top R&D spenders are American tech companies and dismisses the importance of tech leaders in setting industry standards. She fails to address national security concerns, claiming tech companies are not aligned with America's interests. Over-regulating AI and ignoring the contributions of tech firms to national security interests could harm U.S. economic and national power, allowing China to surpass the U.S. in the AI race.Under Khan's leadership, the FTC is overstepping its authority and harming U.S. economic leadership and national security. By focusing on interventionist regulations, the FTC is hindering tech innovation, eroding America's economic competitiveness, and jeopardizing its geopolitical interests.

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