Tuesday, October 5, 2004

Dems should leave drug companies alone

From Berkleysquare, this blogger with disabilities explains why he doesn't want Kerry-Edwards in Get Out The Gimpy Vote:
As a valid holder of a handicapped parking permit, let me chime in. A Kerry administration would demolish the private pharmaceutical industry. He's got Michael J. Fox stumping for him on the Stem-Cell debate but as I have blogged before, his policies will chase capital out of the sector.

The Dems love to rail against 'big drug profits' but the sector trades at a lower multiple than any technology sector. Look at what Vioxx has done to Merck's valuation.

Maybe some of these folks, like me, have decided they don't need a Vice President who'll 'fight the drug companies!' We would be best served by someone who would help them with tort reform -- or at the very least stay the hell out of the way.

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