NEW RIP-OFF BOMBSHELL!! A TRIFECTA OF SLEAZE!
MERCK PHARMACEUTICALS INFLATED STATEMENTS BY $$$ BILLIONS
MERCK CEO IS TOP BUSH ADVISOR: THE LATEST GOP KENNY BOY
BUSH UP TO HIS NECK IN MERCK MUCK
DUBYA'S ENRON ACID REFLUX
mediawhoresonline.com
In a thermonuclear revelation on the eve of George W. Bush's "corporate responsibility" speech, the Wall Street Journal, Financial Times, and other sources are reporting yet another new and huge corporate rip-off scandal linked to Bush, this one involving the Merck pharmaceutical corporation, and its CEO Raymond Gilmartin.
According to breaking coverage, Merck booked $12.4 billion in revenues in the past three years, which it never received.
That's twelve BILLION four hundred MILLION dollars in phony receipts, over three years.
On average, over four BILLION dollars per year.
More to the point: Merck CEO Raymond Gilmartin, just like Enron's Kenneth "Kenny Boy" Lay, is a major Republican contributor with extremely close ties to George W. Bush and his administration. During the Bush transition, when energy policy was being dictated by Enron and the energy corporations, Bush appointed Merck's Gilmartin to his top advisory committee for formulating health policy, including pharmaceutical and Medicare policy, for the new administration.
Thereafter, Gilmartin triggered tens of millions of dollars to support front groups to back a phony Republican prescription drug bill for seniors and to counter the Democrats' substantive plan. The money has gone to pay for, among other things, TV ad campaigns against Democrats.
The Merck revelations have accelerated the political meltdown of the Bush Administration and the Republican Party, coming in the aftermath of jumbo scandals that have hit Enron and Trent Lott's WorldCom.
The numbers tell part of the story:
In the 1999-2000 and 2001-2002 (to date) election cycles, Merck's Political Action Committee donated, respectively, $319,578 and (again, to date) $259, 653 to federal political candidates.
In 1999-2000, 72 percent of the total went to Republican candidates and PACs in 2001-2002, so far, 64 percent of the total has gone to Republican candidates and PACs.
Merck's CEO, Raymond Gilmartin, is also a big individual G.O.P. donor.
Since 1999, Gilmartin has contributed $74,000 of his own money to federal political campaigns.
More than half of that amount -- $40,000 -- has gone directly to the Republican National Committee.
Another $20,000 of it has gone to individual Republican candidates and their PACs.
A total of $10,000 has gone to Merck's pro-G.O.P. PAC.
Which leaves a whopping $4,000 -- about five percent of the total -- for Democrats.
But it is the direct and close political clout that Merck and Ray Gilmartin received in dictating Bush policy that make this latest scandal look like Enron redux -- or, befitting the corporation involved, Bush's Enron acid reflux.
It turns out that on two of the most pressing issues facing the nation, energy and prescription drugs, Dubya put his Administration's policy early on in the hands of two corporate mega-contributors -- who turn out also, it seems, to be corporate mega-crooks! Bush, Lay, and Gilmartin. A trifecta of corporate sleaze buddies.
A bunch of crooks well schooled in the arts of corporate deception and stock pumping that Dubya apparently learned when he was on the audit board of Harken Energy.
AND THESE ARE THE MEN RUNNING THE SHOW AT THE BUSH WHITE HOUSE!!
Bush has managed so far successfully to stonewall over energy and Enron. Will he succeed with Merck and medicine as well? will Gilmartin become Bush's "Ray Boy***"?
Or will the Media Whores finally, FINALLY, get real?
The meltdown accelerates.
Developing radioactively.....
Sources:
Financial Times
news.ft.com
Scripps-Howard
archive.nandotimes.com
Center for Responsive Politics
openscrets.org
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***I think it is safe to suggest it's more likely to be Gilmartin than me..... |
