Posts
Leave to one side for a moment the fact that how much money you make isn't the president's decision to make; let's instead focus on the anti-market rhetoric and why he's got it all wrong. Like always, we'll use a pharmacy-related example.
Take lipitor. Do you think Pfizer should stop selling it when the president decides they've made enough money from it? Or, more importantly for the millions of people who have benefitted from taking it, do you think Pfizer (Parke-Davis Warner-Lambert, as was) would have spent millions of dollars developing it if they knew that was a possibility?
As helpful as modern drugs are, I think we can all agree that drug companies don't develop them out of the goodness of their hearts. Curing diseases is grand, to be sure, but if there's no money in selling the cure, no one (except the government) will be willing to spend money finding the cure.
This is just the latest in a long line of President Obama's anti-market quips. This time he's complaining about Wall Street banks. Last year it was insurance companies and drug manufacturers.
But take heart, my friends. He's only the President of the United States. Like water seeks its own level, the market will find a way around the inefficiencies of our misguided dear leader.
No Response to "Obama: "I do think, at a certain point, you've made enough money.""
Post a Comment