Thursday, December 16, 2004

The Definition of Crony Capitalism

The Congressman who brought you the Medicare prescription drug benefits program... yes, the same one who made it illegal for the government to save money by negotiating with pharmaceutical companies, is cashing in on his give away to the drug companies. Representative Billy Tauzin, recently retired Republican Congressman and the principal author of the new Medicare prescription drug law, will become president of the Pharmaceutical Research and Manufacturers of America. He will be paid around $2 million dollars a year to lobby congress on behalf of the drug industry. Just a coincidence? Think again... this is the definition of crony capitalism

So kids... want to get rich off of the backs of the American taxpayers? Just do what Billy does. Go to congress... write a bill that gives away billions to the industry of your choice... then sit back and wait for the job offers to come in. Then you to can be a crony capitalists.

(Link to Story)

1 comment:

Anonymous said...

Just noticed your comment on this subject in my "comments awaiting moderation" box. I had to turn it on due to spam attacks from lewwzzers posting links to their gambling sites. You're an attorney. Can you sue those a%%holes? I can't/won't defend Tauzin. He had been warned by the leadership and the White House against doing exactly what he did. I don't think he'll get a very warm reception when he attempts to lobby Congress. This type of thing is exactly what got the Democrats in trouble and resulted in their losing the House in '94. You are correct in exposing/commenting on this ethical lapse. Regards.