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Friday, July 15, 2011

postheadericon Varney and Obama's antitrust legacy

Following the Obama campaign’s criticism of a decade of minimal antitrust enforcement under the George W. Bush administration, the then new Assistant Attorney General for Antitrust came out of the gate flying, at least rhetorically. 

A little more than a month into her tenure, Christine Varneyâ€"standing at the same podium from which she delivered her farewell speech Tuesdayâ€"set the tone for the Obama administration’s reinvigorated DOJ Antitrust Division when she rescinded her predecessor’s report on monopoly enforcement, which had taken a decidedly minimalist interpretation of antitrust law. 

Now, nearly two years later with the announcement that Christine Varney is stepping down, we have reached an inflexion point. Several major investigations are in the queue and the next AAG will be called on to make tough decisions. 

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