This is sickening:
As if Rep. Petri's ties to Walgreen's through his huge ownership of stock was not conflict of interest enough, now his allies in passing the Medicare Drug rip-off are cashing in as well:
http://www.nytimes.com/2004/12/16/politics/16drug.html
Some selected lines:
"Representative Billy Tauzin, a principal author of the new Medicare drug law, will become president of the Pharmaceutical Research and Manufacturers of America, the chief lobby for brand-name drug companies, the trade group announced Wednesday."
"Drug makers said that the job was not a reward for Mr. Tauzin's (I have found that when they say something is not something, that is exactly what it is... -jef-) work on the Medicare bill, which followed the industry's specifications in many respects. The law was signed by President Bush on Dec. 8, 2003, a few weeks before a lawyer for Mr. Tauzin began talks with the drug trade group."
"Mr. Tauzin (pronounced TOE-zan) and Mr. White refused to discuss Mr. Tauzin's new salary, except to say it was comparable to the pay at other large trade associations. People at other trade groups said they believed that Mr. Tauzin would receive $2 million a year or more."
"Representative Pete Stark of California, the senior Democrat on the House Ways and Means Subcommittee on Health, said: "As a member of Congress, Billy negotiated a large payout to the pharmaceutical industry by the federal government. He's now about to receive one of the largest salaries ever paid to any advocate by an industry.""
"Mr. Tauzin wrote large parts of the new Medicare law as chairman of the Energy and Commerce Committee and as a member of the conference committee that hashed out differences between the House and the Senate in four months of intense negotiations last year."
"The law steers clear of price controls and price regulation, which are anathema to drug companies. The law forbids the government to negotiate with drug manufacturers to secure lower prices for Medicare beneficiaries. "
Why are we disillusioned with our government? This is shamefull.
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