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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (374050)	3/16/2008 2:17:55 AM
From: Brumar89	Respond to of 1575617

Pelosi’s HIV Bill Will Fatten Her Wallet Pelosi has a $500,000 investment in Amgen, a pharmaceutical company hit hard when the U.S. government announced a cutback in taxpayer-finance coverage of its drug to treat low-income people infected with the Human Immunodeficiency Virus (HIV). Amgen announced layoffs because its revenue dropped dramatically and so did the value of Pelosi’s stock. To help the hurting company, the veteran California Democratic congresswoman introduced a bill to expand government purchasing of its drug. The Early Treatment for HIV Act (ETHA) will allow states to extend publicly financed benefits for HIV treatment to people who currently do not qualify. This will clearly represent a huge increase in profits for the company that makes the costly medication. The gesture didn’t go unnoticed by Amgen executives who gave Pelosi nearly $30,000 in campaign donations just days after she introduced the precious legislation that will make them rich. House Ethics Rules state that a member of Congress may not use his or her official position for personal gain. In this case, Pelosi clearly violated those rules. It’s hardly the first time, however. Last year she quietly inserted a last-minute provision into an approved multi billion-dollar redevelopment bill that benefited her husband financially. After the weddings expense of her Superdelegate daughter, Madame Speaker must replenish the pin money somehow. nunoftheabove.wordpress.com