The American Human: Trump's Drug Plan Blames "Big Government" and Protects Big Pharma. Surprise, Surprise.

Saturday, May 12, 2018

Trump's Drug Plan Blames "Big Government" and Protects Big Pharma. Surprise, Surprise.

On the Destroy-the-Obama-Legacy front, Donald Trump is keeping promises left and right, no matter how destructive his policies are. On the promises that would help real people -- whoever they are -- no so much.

Traders were cautious on health stocks, then Trump spoke, people panicked,
then they figured out what he said, leading to the super spike of relief.

You've got to hand it to Donald Trump, he knows how to obscure his broken promises. Saying “Today, my administration is launching the most sweeping action in history to lower the price of prescription drugs for the American people,” without batting an eye and then adopting a plan that does next to nothing to fix drug prices is quite a trick. if you wonder what Wall Street thought of it, look at the chart above. If you wonder what Big Pharma thought of it look below.

The dip before he spoke? The same. The bit of dread as he spoke? The same. The spike of relief after analysts figured out "big whoop?" Yep. Man of the people, all right.

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My General Principles

1. Civilized societies require the rule of law.
2. Science is my preferred method for examining and understanding reality.
3. Religion is superstition.
4. An educated society is a healthy society.
5. Democratic governments are by their very nature socialist.
6. Market economies are by their very nature capitalist.
7. Markets are not (entirely) efficient or rational and thus require regulation.
8. Don’t confuse politics with public policy.
9. Civil discourse requires rational argument, even if yelling or stomping your feet or name-calling is more fun.
10. If you consider making stuff up a viable tactic, you are disallowed from civil discourse.
11. Puritanism is America’s original sin.
12. Income redistribution is good for society, hoarding is not.
13. Everybody, from time to time, needs help.

About the American Human

The American Human is written by Calvin Ross, a retired teacher who at various points in life has been a musician, woodworker, restaurateur, narrator, English teacher in Japan, novelist, technology journalist, and private tutor to Japanese children here in the U.S.

Happily residing in the wine country of Sonoma County north of San Francisco, Calvin has lived in the Philippines, the Netherlands, and the aforementioned Japan, as well as in Chicago, Colorado, Georgia, and many different towns in California, including, of all places, the Mojave Desert.

Calvin, you may note quickly, is a liberal progressive who doesn't think being called a socialist is all that bad, especially since he sort of would like living in Denmark if it weren't so cold. He blogs because he can.