The decision to block U.S. Steel's acquisition by Nippon Steel is the perfect coda to President Joe Biden's political career.
By intervening in the private business affairs of the two companies, Biden is demonstrating once again his expansive view of executive power, hubristic sense of government's ability to order economic affairs, and willingness to stretch the definition of "national security" to justify his big government agenda even when there is plainly no national security threat.
