Trump calls on drug makers to increase production and reduce prices. I’m not sure how he plans to get them to comply. Perhaps some new regulations. Anyway, it’s good to see him finally cleaving to traditional Republican values like setting production quotas for private enterprise.
I heard someone say on NPR the other day, “Trump believes in the invisible hand. He just thinks it’s his.”
Drugs don’t cost what they cost because the drug companies can’t make enough pills. They cost what they cost because that’s what the market price for them is.
I guess “Donald Trump knows a lot less than he thinks he does” isn’t a shocking revelation.
Chuck Schumer, who lost family members in the Holocaust, broke down in tears yesterday when discussing the immigrant ban. Trump has now chosen to make fun of those “fake tears”, and is calling him “Fake Tears Schumer”.
Yeah, I think RoguePOTUSStaff probably is fake, because if they were real they would have been caught by now, but I really don’t get the “It’s really the Russians!” / “It’s really Steve Bannon!” conspiracy theories. Why wouldn’t it be far more likely to be an ordinary citizen with a knack for making up plausible-sounding White House gossip? It’s not like a huge amount of insider knowledge is required – the people and personalities involved are a matter of public record, and any predictions that turn out to be false can be explained away as “well, the POTUS changed his mind at the last minute after Jared Kushner yelled at him,” which is exactly what they said about the anti-LGBT EO that turned out not to be.
After all his tough talk about tough negotiations and tough guy this and tough guy that and all his super negotiationg powers, he folded.
Today, after a meeting with pharmaceutical industry lobbyists and executives, he abandoned that pledge, referring to an idea he supported as recently as three weeks ago as a form of “price fixing” that would hurt “smaller, younger companies.” Instead of getting tough, Trump’s new plan is that he’s “going to be lowering taxes” and “getting rid of regulations.” […]
As recently as January 11, President-elect Trump was promising to revisit this policy.
“Pharma has a lot of lobbies, a lot of lobbyists and a lot of power. And there’s very little bidding on drugs,” he said at a press conference at Trump Tower in Manhattan. “We’re the largest buyer of drugs in the world, and yet we don’t bid properly.”
Today he apparently changed his mind. According to Herb Jackson, the designated pool reporter for the day, Trump’s new policy on prescription drugs is that drug companies should get tax cuts and deregulation.
At Sally Yates’s confirmation hearing, Jeff Sessions, Trump’s AG nominee, asked her if it was the responsibility of the AG to refuse to carry out illegal Presidential orders.