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Author Topic: HHS Sec: ObamaCare Will Reduce Pharmaceutical Profits by $90 Billion  (Read 3011 times)

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Offline thundley4

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HHS Sec: ObamaCare Will Reduce Pharmaceutical Profits by $90 Billion
« on: March 24, 2010, 03:16:04 PM »
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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

Video here.

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

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Re: HHS Sec: ObamaCare Will Reduce Pharmaceutical Profits by $90 Billion
« Reply #1 on: March 24, 2010, 03:21:46 PM »
What are corporate taxes on $90bil???

Deficit-neutral my a$$.
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Offline The Village Idiot

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Re: HHS Sec: ObamaCare Will Reduce Pharmaceutical Profits by $90 Billion
« Reply #2 on: March 24, 2010, 03:26:12 PM »
These companies should all report losses and say they have nothing to pay taxes on.
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Offline Ralph Wiggum

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Re: HHS Sec: ObamaCare Will Reduce Pharmaceutical Profits by $90 Billion
« Reply #3 on: March 24, 2010, 04:12:13 PM »
Quote from: FGL on March 24, 2010, 03:26:12 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.
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Offline NHSparky

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Re: HHS Sec: ObamaCare Will Reduce Pharmaceutical Profits by $90 Billion
« Reply #4 on: March 24, 2010, 04:13:36 PM »
Quote from: RightCoast on March 24, 2010, 03:21:46 PM
What are corporate taxes on $90bil???

Deficit-neutral my a$$.

About $35 Billion, give or take.
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Offline JohnnyReb

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Re: HHS Sec: ObamaCare Will Reduce Pharmaceutical Profits by $90 Billion
« Reply #5 on: March 24, 2010, 04:50:17 PM »
Quote from: thundley4 on March 24, 2010, 03:16:04 PM
moonbattery

Video here.

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.
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Offline Chris_

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Re: HHS Sec: ObamaCare Will Reduce Pharmaceutical Profits by $90 Billion
« Reply #6 on: March 24, 2010, 06:06:15 PM »
Quote from: NHSparky on March 24, 2010, 04:13:36 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
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Offline PatriotGame

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Re: HHS Sec: ObamaCare Will Reduce Pharmaceutical Profits by $90 Billion
« Reply #7 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...
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Offline Javelin

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Re: HHS Sec: ObamaCare Will Reduce Pharmaceutical Profits by $90 Billion
« Reply #8 on: March 24, 2010, 10:32:29 PM »
Quote from: RightCoast on March 24, 2010, 03:21:46 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! 
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Offline DumbAss Tanker

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Re: HHS Sec: ObamaCare Will Reduce Pharmaceutical Profits by $90 Billion
« Reply #9 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?
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Offline The Village Idiot

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Re: HHS Sec: ObamaCare Will Reduce Pharmaceutical Profits by $90 Billion
« Reply #10 on: March 25, 2010, 09:00:24 AM »
Quote from: 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?

I thought Big Pharma did support this?? Didn't they runs millions and millions in TV ads favoring it?
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Offline DumbAss Tanker

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Re: HHS Sec: ObamaCare Will Reduce Pharmaceutical Profits by $90 Billion
« Reply #11 on: March 25, 2010, 09:04:41 AM »
Quote from: FGL on March 25, 2010, 09:00:24 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.
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Offline NHSparky

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Re: HHS Sec: ObamaCare Will Reduce Pharmaceutical Profits by $90 Billion
« Reply #12 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?
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Offline Chris_

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Re: HHS Sec: ObamaCare Will Reduce Pharmaceutical Profits by $90 Billion
« Reply #13 on: March 25, 2010, 12:57:08 PM »
Quote from: 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?

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
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