Whereas Jimmy Carter had aggressively pursued anti-merger activity - the imbecilic case against AT&T was prosecuted under President Carter - Mr. Reagan understood the virtue of allowing companies to exploit the synergies of mergers to gain efficiency and lower costs.

The 'progressive' tax-and-spend agenda has been put on trial. The policies not only lead to much slower growth but also benefit the rich and politically well-connected at the expense of everyone else.

The historical evidence shows that shareholders usually greatly benefit from mergers.

Stephen Moore Quotes