With the recent failure of two midsize banks, some Democrats have blamed deregulation championed by then-President Donald Trump in 2018. While the law did reduce oversight of small and midsize banks, experts are divided over whether deregulation in 2018 ultimately caused Signature and Silicon Valley Bank to collapse.
Elon Musk’s $44 billion offer to buy Twitter was criticized by several prominent Democrats. But a social media post misleadingly claims Democrats didn’t speak out against companies buying out competitors and creating monopolies until Musk bought Twitter. Democrats have opposed monopoly power and encouraged competition for years.