Posted on 03/26/2020 2:55:11 PM PDT by bitt
The White House trade adviser says Big Pharma wants to ‘preserve its offshore oligopoly’
White House trade adviser Peter Navarro is hitting back at a group of Big Pharma lobbyists, medical organizations, and free trade groups for opposing President Trump’s proposed ‘Buy American’ executive order reshoring the medical supply chain.
Navarro, the assistant to the president for trade and manufacturing, told The Spectator that Big Pharma’s opposition to the executive order, which would require government agencies to purchase pharmaceutical products made in the US, because it wants to ‘preserve its offshore oligopoly’.
‘All the EO would do is ensure that government agencies, including the VA, HHS, and DoD, Buy American,’ Navarro said. ‘America is more than up to that task and Big Pharma and its well-heeled Swamp Creatures need to stop being such a divisive element in American politics.’
Navarro’s statement is in response to a letter drafted by the Association for Accessible Medicines and signed by over 40 organizations, including PhRMA, the drug industry’s main lobby, that alleges the executive order would ‘destabilize the supply chain’ ‘as we fight a global pandemic.’
‘At this time, while supply chains for a broad range of US industries are stressed due to the global COVID-19 crisis and a number of factors related to the crisis already raised concerns about shortages, it is important that we do not take any measures that could undermine the complex arrangements between firms that allow for efficient delivery of medicines to patients,’ the draft letter reads.
Navarro notes that the executive order, however, contains exceptions for matters of national emergency.
‘None of the Buy American provisions in the proposed Executive Order would apply during the current COVID-19 crisis,’ he explained. ‘That’s a Big Pharma red herring designed to preserve its offshore oligopoly at the expense of American
(Excerpt) Read more at spectator.us ...
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Swamp Globalists - bump for later....
We have meet the enemy and they reside in the boardroom.
I don’t tend to rail against “evil corporations”, but these guys conspired with Obama years ago to ream the American public good with the cost of their drugs. Some of the early comments from government officials about COVID-19 treatments and vaccine development struck me as being made with a Big-pharma gun being held to their heads. We need to stoke some real, live competition and make the FDA quit blocking for them.
Big Pharma Members...
https://www.phrma.org/en/About/Members
Anyone remember these TV ads from the 1950s?
Two elderly women in a grocery store. One is fretting because there are so many new items and choices to buy. The other says that she should “only buy the brands you know!”
I believe the ad was from STANDARD BRANDS.
POTUS is just warning them this is coming. I want to know where any medication I take comes from.
Actually, Big Pharma began to purchase foreign companies in the 1960s. Individuals in Illinois/Indiana corporations used the purchases as an opportunity to manufacture products much cheaper abroad than in the USA. Then slowly but surely the really big guys followed suit. When you are asking them to return manufacturing to the USA, many haven’t been here for more than thirty years.
Don’t get on board big USA Pharma? $45% Federal income tax for you, and 45% for you....get the picture? It’s simple, bring it back home or some percentage of home and countries that aren’t communist despots or your fate is Piglosie and Nationalization of Pharma / healthcare.
If big Pharma doesn’t like it, tough. Its a matter of national security. Bring it back home.....or sell your pharmaceuticals abroad. Your choice.
I remember asking my Mom what it was advertising, and she explained it quite well to this 9-year old.
From what I remember in my economics class in undergraduate engineering school, that goes back to the days when so many American companies built and maintained their market dominance by using generic, “universal” brand names that led people to believe they were the ONLY competitors in their fields ... General Electric, General Motors, American Telephone & Telegraph (AT&T), American Airlines, International Business Machines (IBM), Standard Oil, etc.
Peter Navarro is a secret weapon. Good man!
This is a matter of national security, not economics.
And it isn’t just that they are offshore - but a substantial amount are offshore in a single location that is hostile to the United States.
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