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The U.S. government has decided to enter the pharmaceutical business. Apparently, the drug companies aren't coming out with new "breakthrough" drugs quickly enough, and now the U.S. government plans to spend taxpayer dollars conducting research on drugs which will be turned over to Big Pharma. Those drug companies, in turn, will sell them for a profit. It's yet another clear case where the government is taking over the health care (sick care) industry and funneling profits into the hands of pharmaceutical corporations.
The new government drug research center will operate under the National Institutes of Health (NIH) and be called the National Center for Advancing Translational Sciences. Dr. Francis Collins, director of the National Institutes of Health, says he hopes Congress will increase funding of the center to at least $1 billion annually.
The NIH, of course, is a revolving door for Big Pharma executives. Dr William Potter, for example, was formerly a researcher at the National Institute of Mental Health, after which he became the vice president of translational neuroscience at Merck. And the government money that goes into these so-called drug "discoveries" will only end up boosting the profits of drug companies rather than fundamentally improving the health of the American people. (More drugs does not equal better health. If anything it's an inverse correlation: More drugs = more degenerative disease!)
The top twenty pharmaceutical companies and their two trade groups, Pharmaceutical Research and Manufacturers of America (PhRMA) and Biotechnology Industry Organization, lobbied on at least 1,600 pieces of legislation between 1998 and 2004. According to the non-partisan Center for Responsive Politics, pharmaceutical companies spent $900 million on lobbying between 1998 and 2005, more than any other industry. During the same period, they donated $89.9 million to federal candidates and political parties, giving approximately three times as much to Republicans as to Democrats.[1] According to the Center for Public Integrity, from January 2005 through June 2006 alone, the pharmaceutical industry spent approximately $182 million on Federal lobbying.[2] The industry has 1,274 registered lobbyists in Washington D.C. [3]
Originally posted by RealSpoke
reply to post by neo96
I could go on and on about both of them being corrupt. They are both awful. It's sad that you're trying to defend one corrupt admin for another.
Originally posted by minor007
I think its about time people realised that the government is being blackmailed by companies. Possibly threatening taking their business abroad leaving more Americans without Jobs. If any of you was president what would you do? You will come into the oval office with good ideas and suddenly you find you cant do it. Everyone blames Obama and yet he is nothing more than a puppet to the companies that threaten to outsource to another country
Pat Caddell joined Stephen K. Bannon on the "Victory Sessions" and told him that National Security Advisor Tom Donilon is likely the source of recent intelligence leaks that have prompted calls for an investigation by Democrat Senator Diane Feinstein. Caddell explains that he is certain Donilon is the source of the leaks because of his background as a political operative and a known "leaker". The full interview is included in this clip. Caddell names Tom Donilon at the 8:40 mark.
Originally posted by mbkennel
Lay off the Ayn Rand comic books.
Originally posted by mbkennel
It sure did happen in "true Capitalism/free market", e.g. USA from 1875-1910, because the rampant abuse of monopoly power from powerful companies then is exactly what brought about "anti-trust" (anti-monopoly/price fixing) legislation. ("trusts" were the legal structure used then to circumvent state regulations, now obsolete)
Originally posted by mbkennel
No it didn't. Evidence? Fannie Mae didn't exist in 1914, and the Standard Oil monopoly was successfully broken up and the resulting companies did compete. The predecessors to JP Morgan were not monopolies, and JP Morgan was allowed to combine with Chase only after a late 1990's deregulation which repealed the 1930's Glass-Steagall act, which itself had divided commercial from investment banking.
Originally posted by mbkennel
Government regulation is unsophisticated, but very effective in this matter.
Originally posted by mbkennel
And you can sure buy any health care you want directly without the government paying. Guess how much it costs? (Actually it is hard to find out, but the answer is always "an enormous amount". I support government action to require firm, honored, public price lists.)
Originally posted by neo96
You really believe that? Take a hard long look at the criminal activity under the previous administration and you'll realize that politicians in Washington are above the law
Still trying to blame Bush?
The current adminstration makes the last admin look like saints. The sheer amount of corruption and lies and muder have made American history.
The most corrupt administration in History Obama has colluded with everything and everyone to stay in that office,.edit on 10-6-2012 by neo96 because: (no reason given)
Originally posted by burntheships
reply to post by stanguilles7
Seems like your suggesting that news media outlets should be controlled,
and your for limiting free speech.
Take it up with Newsmax, and tell them your there make sure the headlines
all read the same as the New York Times.....is your job to limit free speech?edit on 10-6-2012 by burntheships because: (no reason given)
Originally posted by stanguilles7
Again, it seems rather disingenuous for your source to claim the NY Times said "Obama Colluded with Drug Companies" when the actual Times headline was:
Obama Was Pushed by Drug Industry, E-Mails Suggest
and pointed out several times that Obama's actions were more of a 'giving in to' than a 'colluding'
I mean, why not just post the actual NYTImes article?
reply to post by burntheships