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The 114th Congress: Two More Years!

Re: The 114th Congress: Two More Years!

May Heather Bresch burn in hell.

Here's the pricing explanation.
When Bresch talked about drug prices and access existing “in a balance,” she was referring to what the pharmaceutical industry calls value-based pricing.

This is what you get when you price a drug not just commensurate with its research and development, production and marketing, but also reflecting the drug’s importance to patients. And that’s a very slippery concept.

What a pharmaceutical company is basically saying with value-based pricing is that a patient’s life would be a whole lot worse without their drug, so that should be worth something, right? Maybe a big something.
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Drug companies can all go **** themselves.

http://www.latimes.com/business/laz...thcare-value-pricing-20160919-snap-story.html

Now I understand why Obamacare failed. Value based pricing. Like anyone can place a value on their health.
 
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Re: The 114th Congress: Two More Years!

From Elizabeth Warren's Facebook.

This is just wrong. If Wells Fargo Chairman and CEO John Stumpf can oversee a massive consumer fraud that helped put millions of dollars in his own pockets, and then walk away with a juicy $100 million retirement package, why should we expect any big bank CEO to follow the law? Mr. Stumpf will not be accountable for this scam – as he repeatedly claims to be – unless he resigns, returns every nickel of compensation he received while this fraud was taking place, and faces an investigation by the Justice Department and the Securities and Exchange Commission.
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I hope she is able to fix this BS before she's done. Sick of these scumbags getting off.
 
Re: The 114th Congress: Two More Years!

ScoobyDoo said:
I hope she is able to fix this BS before she's done. Sick of these scumbags getting off.
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The only way that happens is a Democratic president and Congress. Even then, given the bribery, there's no guarantee we'd have enough honorable Members.

Without campaign finance control we have no voice in government. We might as well be a corporate board dominated by the majority shareholders.
 
Kepler said:
The only way that happens is a Democratic president and Congress. Even then, given the bribery, there's no guarantee we'd have enough honorable Members.

Without campaign finance control we have no voice in government. We might as well be a corporate board dominated by the majority shareholders.
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What if every board member had to invest big $$$ into the corporation? If they drive it into the ground, they're out the investment. If they steer it to great heights, then they get rewarded with an increased value of their investment.
 
Re: The 114th Congress: Two More Years!

joecct said:
What if every board member had to invest big $$$ into the corporation? If they drive it into the ground, they're out the investment. If they steer it to great heights, then they get rewarded with an increased value of their investment.
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Compensation with options was supposed to solve that problem, it only made it worse with the sociopaths lying to the employees to goose the price, then abandoning ship to leave the workers will no job and a worthless portfolio. Ah, the beauty of "market disruption."

Pay the managers with shares that come due in 10-15 years. Force them to think longterm. (Then tax them 90% on the backend.)
 
Re: The 114th Congress: Two More Years!

Kepler said:
Compensation with options was supposed to solve that problem, it only made it worse with the sociopaths lying to the employees to goose the price, then abandoning ship to leave the workers will no job and a worthless portfolio. Ah, the beauty of "market disruption."
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Another thing that should be against the law.
 
Re: The 114th Congress: Two More Years!

ScoobyDoo said:
From Elizabeth Warren's Facebook.



I hope she is able to fix this BS before she's done. Sick of these scumbags getting off.
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Wells Fargo is now being sued by employees who were fired for not meeting sales quotas during the time these fraudulent accounts were being created. The plaintiffs state that the goals were unjustly set for those employees who refused to break the law in order to meet quotas. It'll be interesting to see how this plays out - or pays out.
 
Re: The 114th Congress: Two More Years!

ScoobyDoo said:
From Elizabeth Warren's Facebook.



I hope she is able to fix this BS before she's done. Sick of these scumbags getting off.
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Corporations want specific people as CEO, and will do anything possible to get that person. It's no different than paying someone millions to catch a handegg or hit a ball with a stick.
 
Re: The 114th Congress: Two More Years!

FlagDUDE08 said:
Corporations want specific people as CEO, and will do anything possible to get that person. It's no different than paying someone millions to catch a handegg or hit a ball with a stick.
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I don't care who the ****ing CEO is. I just want the bastard in jail when he commits fraud. And that's what happened here.
 
Re: The 114th Congress: Two More Years!

The Sicatoka said:
Obama Veto Overridden by Congress.
http://www.usatoday.com/story/news/...-veto-911-bill-allowing-saudi-suits/91184976/

That's a first for this President. And it wasn't by a little in the Senate: 97-1. Ouch.
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It was political poison. My instinct is that there's probably more to it than I think, but I support the bill and the override. There are important members of the Saudi royal family and government who aided the terrorist attacks on 9/11. First Bush covered up for his daddy's friends by whisking them out of the country, then Obama continued to shelter them from the responsibility for their actions for Matters Of State. It's not a good look, America. Realpolitik can be carried too far -- victims who can recover should be allowed to, and the trials will hopefully bring a lot of hidden truths to light. If they embarrass the Saudis or the Bush (or Obama for the cover up) administrations or the CIA or others, so be it.

Also, overrides are cool and one of the few times when Congress actually girds its nutsack and checks the president. Even though this time it was the easiest vote this side of "protect the sanctity of Motherhood and apple pie," it's still good for the White House to be legitimately faced once in a while.

Also it lets the GOP caucus put down the gun to our head on another shutdown. All those guys can go back to their districts and yammer about the time they "hurr hurr embarrassed that Kenyan Commie Muslin Nigg--." Let em have their tub thump; this was a win/win.
 
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Kepler said:
It was political poison. My instinct is that there's probably more to it than I think, but I support the bill and the override. There are important members of the Saudi royal family and government who aided the terrorist attacks on 9/11. First Bush covered up for his daddy's friends by whisking them out of the country, then Obama continued to shelter them from the responsibility for their actions for Matters Of State. It's not a good look, America. Realpolitik can be carried too far -- victims who can recover should be allowed to, and the trials will hopefully bring a lot of hidden truths to light. If they embarrass the Saudis or the Bush (or Obama for the cover up) administrations or the CIA or others, so be it.

Also, overrides are cool and one of the few times when Congress actually girds its nutsack and checks the president. Even though this time it was the easiest vote this side of "protect the sanctity of Motherhood and apple pie," it's still good for the White House to be legitimately faced once in a while.

Also it lets the GOP caucus put down the gun to our head on another shutdown. All those guys can go back to their districts and yammer about the time they "hurr hurr embarrassed that Kenyan Commie Muslin Nigg--." Let em have their tub thump; this was a win/win.
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The slippery slope is that it's a notch against sovereign immunity, and other countries may retaliate by doing the same thing to us. And since we are the world's cops and have a greater presence in most countries than they have here, we'd be hurt by that more than they would be by this.

But try to explain that in the face of 9/11 widows and orphans trying to sue some oil sheikh.

Plus Saudis can't vote. Imagine a similar law stripping immunity from cops and district attorneys in wrongful death and malicious prosecution cases. I imagine there'd be more of a pushback on that one.
 
Re: The 114th Congress: Two More Years!

unofan said:
And since we are the world's cops and have a greater presence in most countries than they have here, we'd be hurt by that more than they would be by this.
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True, but maybe this will also keep us from being as interventionist as in the past.
 
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