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Current Events => Politics => Topic started by: thundley4 on March 24, 2010, 03:16:04 PM

Title: HHS Sec: ObamaCare Will Reduce Pharmaceutical Profits by $90 Billion
Post by: thundley4 on March 24, 2010, 03:16:04 PM
Quote
Speaking with unhinged radical Dylan Ratigan on MSDNC, Obama's HHS Secretary ... Abortion Queen Kathleen Sebelius (whose powers are vastly expanded under ObamaCare)... brags that the legislation will result in companies that make life-saving drugs having their profits reduced by $90 Billion.

She pitches this as a benefit. Because corporate profits are bad. Profits represent excess value, according to Obama's favorite economic philosopher. The idea that higher profits enable companies to give more workers jobs never occurs to them.

Remind me again why people who think this administration are Marxists are supposed to be kooks?
moonbattery (http://www.moonbattery.com/)

Video here. (http://www.thefoxnation.com/business/2010/03/23/sebelius-obamacare-strategy-reduce-company-profits)

So much for innovation and research performed by by private companies.
Title: Re: HHS Sec: ObamaCare Will Reduce Pharmaceutical Profits by $90 Billion
Post by: RightCoast on March 24, 2010, 03:21:46 PM
What are corporate taxes on $90bil???

Deficit-neutral my a$$.
Title: Re: HHS Sec: ObamaCare Will Reduce Pharmaceutical Profits by $90 Billion
Post by: The Village Idiot on March 24, 2010, 03:26:12 PM
These companies should all report losses and say they have nothing to pay taxes on.
Title: Re: HHS Sec: ObamaCare Will Reduce Pharmaceutical Profits by $90 Billion
Post by: Ralph Wiggum on March 24, 2010, 04:12:13 PM
These companies should all report losses and say they have nothing to pay taxes on.

That's another reason the IRS is hiring 16,000 more people.
Title: Re: HHS Sec: ObamaCare Will Reduce Pharmaceutical Profits by $90 Billion
Post by: NHSparky on March 24, 2010, 04:13:36 PM
What are corporate taxes on $90bil???

Deficit-neutral my a$$.

About $35 Billion, give or take.
Title: Re: HHS Sec: ObamaCare Will Reduce Pharmaceutical Profits by $90 Billion
Post by: JohnnyReb on March 24, 2010, 04:50:17 PM
moonbattery (http://www.moonbattery.com/)

Video here. (http://www.thefoxnation.com/business/2010/03/23/sebelius-obamacare-strategy-reduce-company-profits)

So much for innovation and research performed by by private companies.


Well, if he can hold still for a few seconds, Micheal J. Fox can kiss his shaking ass cure goodbye.


Cruel I know but it's the truth.
Title: Re: HHS Sec: ObamaCare Will Reduce Pharmaceutical Profits by $90 Billion
Post by: Chris_ on March 24, 2010, 06:06:15 PM
About $35 Billion, give or take.

If you will notice, many of the big Pharma companies have elaborate headquarters abroad......they might lose money in the US market temporarily, but they will find one that they can make money in......

All that will likely happen is a continued erosion of US jobs, particularly in high skill areas, like chemistry....

doc
Title: Re: HHS Sec: ObamaCare Will Reduce Pharmaceutical Profits by $90 Billion
Post by: PatriotGame on March 24, 2010, 09:09:59 PM
YUP!

It will!

You know why?
Because the Big Pharma giants lobbied for it AND, it will be SOLE-SOURCED for their products.

YUP!!

I am a believer...
Title: Re: HHS Sec: ObamaCare Will Reduce Pharmaceutical Profits by $90 Billion
Post by: Javelin on March 24, 2010, 10:32:29 PM
What are corporate taxes on $90bil???

Deficit-neutral my a$$.

Now thats a point of view that not many people bring out but its dead on target.  Once they cut the throats of industry it will result in less tax dollars coming into the coffers.  I bet the CBO did not calculate any of that into their numbers LOL! 
Title: Re: HHS Sec: ObamaCare Will Reduce Pharmaceutical Profits by $90 Billion
Post by: DumbAss Tanker on March 25, 2010, 08:46:33 AM
Apparently crack sales to aging moonbat women in DC are doing great.  The big pharma corps didn't sign onto this because they thought their profits would get raped, which one do you suppose is smarter about their projections, Sebelius or the entire pharma industry?
Title: Re: HHS Sec: ObamaCare Will Reduce Pharmaceutical Profits by $90 Billion
Post by: The Village Idiot on March 25, 2010, 09:00:24 AM
Apparently crack sales to aging moonbat women in DC are doing great.  The big pharma corps didn't sign onto this because they thought their profits would get raped, which one do you suppose is smarter about their projections, Sebelius or the entire pharma industry?

I thought Big Pharma did support this?? Didn't they runs millions and millions in TV ads favoring it?
Title: Re: HHS Sec: ObamaCare Will Reduce Pharmaceutical Profits by $90 Billion
Post by: DumbAss Tanker on March 25, 2010, 09:04:41 AM
I thought Big Pharma did support this?? Didn't they runs millions and millions in TV ads favoring it?

Indeed they did, that is the point of my comment.
Title: Re: HHS Sec: ObamaCare Will Reduce Pharmaceutical Profits by $90 Billion
Post by: NHSparky on March 25, 2010, 11:10:06 AM
And lately I've been seeing non-stop AARP "insurance" commercials.  Yeah, no coincidence they supported the HC bill, right?
Title: Re: HHS Sec: ObamaCare Will Reduce Pharmaceutical Profits by $90 Billion
Post by: Chris_ on March 25, 2010, 12:57:08 PM
And lately I've been seeing non-stop AARP "insurance" commercials.  Yeah, no coincidence they supported the HC bill, right?

AARP long ago ceased being a seniors lobbying group.....they are just another liberal advocacy group like "Move On.org........and they receive revenue-sharing from United Health Care for the insurance that they peddle.....

If you question this.....just go look at their discussion forums......they would make DU proud....

doc