Posted on 04/26/2011 7:42:12 AM PDT by SoFloFreeper
A government attempt to oust a longtime drug-company chief executive over his company's marketing violations is raising alarms in that industry and beyond about a potential expansion of federal involvement in the business world.
The Department of Health and Human Services this month notified Howard Solomon of Forest Laboratories Inc. that it intends to exclude him from doing business with the federal government....
(Excerpt) Read more at online.wsj.com ...
Everyone, when the government removes CEOs from individual businesses, it reeks of fascism. I know BO did this with GM--and that was terrible. Yet GM was being "bailed out" by taxpayers. Here, there is no bailout--just business.
Another observation: big PHARMA got in bed with Obama in March of 2009---the lobbyists for the pharmaceutical industries were part of the SECRET negotiations (not on C-SPAN) to help create the Obamacare bill. Now look at what is happening: Obama is turning on his assistants.
We knew this would always happen: now THEY are finding out.
Draw attention to this folks...it was on the front page of the Wall Street Journal today, but it is a story that MUST go beyond that paper's readership. We are facing a Constitutional Crisis of Obama's creation: his domination of our market system must not be permitted.
These dolts got in bed with a monster.
Maybe he’s the one who wouldn’t play ball?
These dolts got in bed with a monster.
Exactly!
“We knew this would always happen: now THEY are finding out. “
The lure of a GE type payoff is what drew these people to Obama. And I’d be willing to bet they knew the risk/reward.
Looks like CEO Soloman didn’t contribute enough to the Democrat Party or didn’t promise a kickback for their support of ObamaCare. That’s the Chicago Democrat Thug method of politics BO has done in the past.
The Big Pharma companies all caved and no doubt will be able to pay this protection racket, but smaller companies like Forest will just disappear. Perhaps one of the fat cat companies have their sights set on grabbing Forest, if it’s profitable. Crony capitalism and crony communism are kissing cousins.
Well La-dee-f***in-da.
There's a whole lot of private business they can still do.
Oh, by the way, this is one of the horrendous side effects from ObamaCare: They get run companies from afar.
Notice it is HHS, that wonderful entity created by FUBO to “manage” FUBO-care.... with full powers to do what ever the hell it wants with little to no oversite....nope... didn’t see this coming.... /sarc
Ask the Chrysler bondholders how this has worked out for them.
Folks, pay attention: this is the economic aspect of FASCISM. Left unchecked, it will get much uglier.
“There’s a whole lot of private business they can still do.”
Not with BO care in the works. The feds are also working to eliminate the insurance companies.
I wouldn’t say eliminate insurance companies at all. Transforming them perhaps.
“I wouldn’t say eliminate insurance companies at all. Transforming them perhaps.”
IMO Insurance companies and trial lawyers are the bulk of the problem with our healthcare. The problem being that it is too expensive.
Doctors pay ~50% of their revenue for malpractice insurance. Hospitals charge $20,000 to cash payers for something they get maybe $8,000 from insurance companies. Labs charge cash payers $150 for a test they get $19 if the patient has insurance.
That said, having the govt control healthcare is not the answer.
/tinfoil
With all of the power that the Obama Cabal has grabbed and assumed, does anybody really think they’ll willingly surrender it in 2012??
Pelosi let it slip, when she remarked, in effect, that ‘elections don’t mean that much’....
/tinfoil
"He who pays the piper, calls the tune"
It’s not FASCISM when Democrats do it!!
If only this poor fool had given more money to the Democrat Party, he wouldn’t be having this problem. He just needs to learn who his masters are, doncha know.
From the Jesse Jackson School of Business Negotiations.
This is what Fascism looks like.
SOLOMON, HOWARD
NEW YORK, NY 10065
FOREST LABORATORIES INC./BUSINESS
| OBAMA VICTORY FUND | |||
|
|
10/31/2008 | 15000.00 | 28934794098 |
| OBAMA, BARACK VIA OBAMA FOR AMERICA |
|||
|
|
10/24/2008 | 2300.00 | 29990794686 |
| DNC SERVICES CORPORATION/DEMOCRATIC NATIONAL COMMITTEE | |||
|
|
10/31/2008 | 12700.00 | 29993295165 |
I didn’t agree with the feds messing wth GM either. Bailout or no bailout its none of the feds business who are or who are not CEOs.
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