The U.S. Economy Is Ready To Grow Again—If Washington Lets It
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Consumer products manufactured by Kimberly-Clark. (Photo Illustration by Scott Olson/Getty Images) Getty Images Over the last few years Washington tried to micromanage the economy—and the results speak for themselves. When regulators second-guess business decisions, slow-walk mergers and erect new barriers to growth, innovation doesn’t just stall; it starts to reverse. That’s exactly what happened under the Biden administration’s increasingly aggressive approach to corporate mergers. Instead of viewing M&A as a time-tested way for companies to scale up, cut costs and compete globally, regulators assumed the worst—and acted accordingly. The collateral damage is now playing out in real time. Look at Spirit Airlines. The company needed a lifeline and found one in JetBlue. The merger would have challenged the industry’s giants, spurred competition and offered consumers more choices. Instead, Washington slammed on the brakes. The deal collapsed, and Spirit is now in bankruptcy—shedding routes, jobs and market share. Travelers lose. Workers lose. Competition loses. Or consider iRobot, the homegrown innovator behind the Roomba. Amazon’s acquisition would have provided stability and investment. Instead, regulators threatened litigation, the deal died and iRobot is now cutting a third of its workforce. Another American tech company weakened—not by the marketplace, but by regulatory overreach. But here’s the good news: The pendulum can swing back quickly if policy allows it. President Trump has long understood something fundamental: Growth comes from empowering businesses, not by holding them hostage to ever-changing rules. When companies are free to adapt and innovate, the economy expands, jobs multiply and consumers win. That mindset is already shaping a new wave of smart, pro-growth mergers. Kimberly-Clark’s $48.7 billion acquisition of Kenvue is a perfect example [disclosure: a couple of my grandkids own a handful of shares in Kimberly-Clark]. This isn’t consolidation for consolidation’s sake; it’s an opportunity to combine complementary strengths—Kleenex, Huggies and…
Filed under: News - @ November 19, 2025 12:26 pm