Look how quickly that “Drain the swamp!” talk reverses itself

I mentioned earlier this week that pharmaceutical stocks had jumped after the election of Donald Trump, apparently on the expectation that under Trump and his fellow Republicans, the biotech industry no longer had to worry about efforts to keep skyrocketing drug prices within reason.

As the folks at Business Insider document the leap:

biotechAt first, that jump might seem curious. After all,  as the Washington Post points out, Trump had campaigned on the issue of allowing lower-cost drugs to be imported from overseas as a way to moderate drug prices. At one point, Trump had also backed allowing Medicare to use its immense buying power to negotiate drug prices, which would drive costs down for everyone. (Soaring drug prices have been one of the biggest drivers of increasing health-insurance rates.)

“When it comes time to negotiate the cost of drugs, we are going to negotiate like crazy,” Trump promised a crowd in New Hampshire back in February. “The drug companies probably have the second or third most powerful lobby in this country. They get the politicians, and every single one of them is getting money from them.”

In fact, if you go to the Trump campaign site, you might still find the following language if it hasn’t been scrubbed yet:

“Congress will need the courage to step away from the special interests and do what is right for America. Though the pharmaceutical industry is in the private sector, drug companies provide a public service. Allowing consumers access to imported, safe and dependable drugs from overseas will bring more options to consumers.”

Pretty clear, right? Well, here’s the thing. The Trump transition team has now released its list of health-care goals and policies, and somehow there’s suddenly no mention of allowing imported drugs. It just … vanished! As the Post points out:

” …. the (Trump) transition’s website omits what had been the Republican nominee’s call for Congress to allow Americans to import prescription drugs from countries where they are sold at lower prices. This idea has long been favored by Democratic lawmakers but repeatedly blocked by Republicans.”

One more thing, according to Business Insider:

“The biotech and pharma rally benefited John Paulson, one of Trump’s economic advisers. On Wednesday, Paulson’s hedge fund Paulson & Co. made $463 million, largely due to the fund’s pharmaceutical investments.”

This is a pattern that you’re going to see repeated over and over and over again, on issue after issue. The con has worked, the marks have swallowed it hook, line and sinker and now it’s time to cash in. The swamp isn’t going to be drained; the swamp is getting bigger by the minute.

 

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3119 comments
Infraredguy
Infraredguy

The sun is going down so it's time for the Clinton supporters to hit the streets again and break some glass in struggling small businesses while yelling how unfair life is

Surelyyoujest
Surelyyoujest

Stock market up for 5th (or is it 6th) straight day - yep, this Trump stuff is killing the market...

McGarnagle
McGarnagle

@Surelyyoujest


Imagine how high the stock market will go once he implements his policy. Like trade tariffs on China. Let the good times roll.

gadem
gadem

@Surelyyoujest almost as impressive as 80 months of job growth....but you knew that.

TheCarnivore
TheCarnivore

Of all the liberals in the media I have been beating up on for misleading the public ... I had forgotten about Jay Bookman.  Welcome, Jay!  Putting you on notice that its time to hang up the Identity Politics garbage and to start talking about real issues.  You have been notified ...

FIGMO2
FIGMO2

@Peachs

Shocking!

Condolences to her family and friends.

I didn't know she had cancer.

Peachs
Peachs

@FIGMO2 @Peachs she ran one of the party debates looked healthy to me. She is missed.

JDinMarietta
JDinMarietta

The daily Bookman anti-Trump diatribe. Countdown to inauguration: 67 days

JDinMarietta
JDinMarietta

@McGarnagle @JDinMarietta No man, just a coincidence. I will leave the countdowns up to you. I just know for the next 67 days Jay Booger Bookman is going to be whining daily

HDB0329
HDB0329

@gadem @JDinMarietta ....if it's determined that his campaign conspired with the Russians to undermine the election....could Trump be impeached and imprisoned for treason???


Good thing: Elijah Cummings (D-Md) is launching an investigation into Trump's likely conflicts-of-interest......this should tell us a lot....

Kamchak
Kamchak

Hot car daddy guilty on all charges.

Bruno2
Bruno2

@Kamchak He deserved it.

P.S First "like" for one of your posts ever.

KUTGF
KUTGF

@Bruno2 @Kamchak Looks like that stalker thing and passing by some posters is just sooooo hard to figure out.

Captn_65
Captn_65

Cry Baby needs a tissue.. Will some one please get Bay Jokeman a tissue ? Thank you

kitty72
kitty72

@Captn_65 I swear this is the same sock puppet that keeps popping up with a different name. Someone really needs some mental health care.

Kamchak
Kamchak

@Captn_65 

You're more than welcome, sport. And thank you for bringing some of that much lauded and much needed new conservative civility to this place.

JDinMarietta
JDinMarietta

@Captn_65 He goes threw almost a box of day when writing about Trump. I truly think he is the designated anti-GOP op editor for the AJC. He cannot write anything negative about liberals, only Repubs. He's obsessed!

Nick_Danger
Nick_Danger

@JDinMarietta @Captn_65 

Actually, he is. 

You may not be aware of opinion editor Kyle Wingfield, who takes the opposite side from Jay. 

Perhaps you would be happier over there?

Bruno2
Bruno2

@Nick_Danger @JDinMarietta @Captn_65 Kyle's a Lib also.  Couldn't find it in himself to look for even one positive about Trump prior to the election.

P.S. Glad you're back on board, buddy.

kitty72
kitty72

@Bruno2 @Nick_Danger @JDinMarietta @Captn_65 Kyle is hardly a lib. He just didn't want the office of the president dirtied by Trump in office. That man has no dignity whatsoever. None, nada, zilch. He is white trash with a wallet.

Bruno2
Bruno2

@kitty72 @Captn_65 

"Someone really needs some mental health care."

Didn't you ever hear of "blogging therapy"??

Captn_65
Captn_65

@kitty72 @Captn_65    OK Miss Kitty, I'll pull some strings and get you in the Fulton County Mental Reconstructive Emporium tomorrow. And no, not now. You can thank me later. Happy trails to you......

Kamchak
Kamchak

When I want to know what to think, the first person who leaps to mind is indeed Chelsea Handler.

//sarc.

DoubleNaughtSpy
DoubleNaughtSpy

Chelsea handler's reason for not moving to Spain as she threatened: 

"Handler said that her co-workers have spoken to her about staying and using her platform instead. “Everyone in my office is like, ‘You have a responsibility, you have a voice and you need to use it, and you have to be here,'” she said." 

muuwwaaAAAAHAHAHAHAHA!!





McGarnagle
McGarnagle

@DoubleNaughtSpy


You guys are having a field day with these celebrities. Eh. Can't really blame you. They probably should not have been so serious about leaving. I made jokes about leaving if Trump was elected though.

elgrunir
elgrunir

He back from Costa Rica?