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U.S. Effort to Remove Drug CEO Jolts Firms (Obama Targets Individual Businessmen!)
Wall Street Journal ^ | 4/26/11 | Alicia Mundy

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 ...


TOPICS: Breaking News; Business/Economy; Constitution/Conservatism; Culture/Society; News/Current Events
KEYWORDS: bhofascism; bhotyranny; corruption; democrats; fascism; forestlaboratories; forestlabs; fubo; govtabuse; hhs; howardsolomon; liberalfascism; obama; progressives; socialistdemocrats; tyranny
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Serious developments are afoot while the media chases after Donald Trump and Charlie Sheen.

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.

1 posted on 04/26/2011 7:42:16 AM PDT by SoFloFreeper
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To: SoFloFreeper

These dolts got in bed with a monster.


2 posted on 04/26/2011 7:44:39 AM PDT by commonguymd (Freedom is a myth anymore it seems)
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To: SoFloFreeper

Maybe he’s the one who wouldn’t play ball?


3 posted on 04/26/2011 7:46:02 AM PDT by OKSooner (Obama confessed "his muslim faith" on the George Stephanopolous show on September 7th, 2008.)
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To: commonguymd

These dolts got in bed with a monster.


Exactly!


4 posted on 04/26/2011 7:47:01 AM PDT by unkus
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To: SoFloFreeper

“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.


5 posted on 04/26/2011 7:49:20 AM PDT by brownsfan (I miss the America I grew up in.)
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To: SoFloFreeper

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.


6 posted on 04/26/2011 7:50:08 AM PDT by kittymyrib
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To: SoFloFreeper
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...

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.

7 posted on 04/26/2011 7:50:28 AM PDT by Lazamataz (The Democrat Party is Communist. The Republican Party is Socialist. The Tea Party is Capitalist.)
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To: SoFloFreeper

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


8 posted on 04/26/2011 7:51:43 AM PDT by Newton ('No arsenal is so formidable as the will and moral courage of free men and women.' -Ronald Reagan)
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To: SoFloFreeper
This doesn't just reek of fascism, it is fascism.

Ask the Chrysler bondholders how this has worked out for them.

9 posted on 04/26/2011 7:52:13 AM PDT by Former Proud Canadian (Canadians are not SLUGS!)
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To: SoFloFreeper

Folks, pay attention: this is the economic aspect of FASCISM. Left unchecked, it will get much uglier.


10 posted on 04/26/2011 7:52:30 AM PDT by TexasRepublic (Socialism is the gospel of envy and the religion of thieves)
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To: Lazamataz

“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.


11 posted on 04/26/2011 7:53:06 AM PDT by driftdiver (I could eat it raw, but why do that when I have a fire.)
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To: driftdiver

I wouldn’t say eliminate insurance companies at all. Transforming them perhaps.


12 posted on 04/26/2011 7:54:21 AM PDT by commonguymd (Freedom is a myth anymore it seems)
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To: commonguymd

“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.


13 posted on 04/26/2011 8:00:26 AM PDT by driftdiver (I could eat it raw, but why do that when I have a fire.)
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To: SoFloFreeper

/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


14 posted on 04/26/2011 8:00:37 AM PDT by Uncle Ike (Rope is cheap, and there are lots of trees...)
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To: brownsfan
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.

"He who pays the piper, calls the tune"

15 posted on 04/26/2011 8:01:43 AM PDT by Alex Murphy (Dear God, whose name I do not know - thank you for my life. I forgot how BIG...thank you. Thank you.)
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To: SoFloFreeper

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.


16 posted on 04/26/2011 8:05:38 AM PDT by tcrlaf (You can only lead a lib to the Truth, you can't make it think...)
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To: SoFloFreeper

From the Jesse Jackson School of Business Negotiations.


17 posted on 04/26/2011 8:08:01 AM PDT by AU72
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To: SoFloFreeper

This is what Fascism looks like.


18 posted on 04/26/2011 8:09:05 AM PDT by dfwgator
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To: Alex Murphy
I guess the "piper" didn't receive quite enough tribute in this case...

SOLOMON, HOWARD
NEW YORK, NY 10065
FOREST LABORATORIES INC./BUSINESS

   OBAMA VICTORY FUND

10/31/2008 15000.00 28934794098


SOLOMON, HOWARD
NEW YORK, NY 10065

   OBAMA, BARACK
    VIA OBAMA FOR AMERICA

10/24/2008 2300.00 29990794686

SOLOMON, HOWARD
NEW YORK, NY 10065
FOREST LABORATORIES INC./BUSINESS

   DNC SERVICES CORPORATION/DEMOCRATIC NATIONAL COMMITTEE

10/31/2008 12700.00 29993295165

19 posted on 04/26/2011 8:09:05 AM PDT by andy58-in-nh (America does not need to be organized: it needs to be liberated.)
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To: SoFloFreeper

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.


20 posted on 04/26/2011 8:10:43 AM PDT by plain talk
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