Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: Peter Dierks who wrote (40406)	1/14/2010 12:41:23 AM
From: Peter Dierks	Respond to of 71588

Coakley's Saviors The health-care industry rides to the Democratic rescue. JANUARY 13, 2010. We've argued that the leading health industry CEOs will one day be exposed as the most short-sighted business leaders in history, but how to explain the gala fundraiser that their top lobbyists hosted for Martha Coakley last night? Amid a Beltway panic, the health lobby is riding to the rescue of the Massachusetts liberal, whose defeat in the special Senate race next Tuesday could deny Democrats the 60th vote for ObamaCare and thus maybe spare the U.S. health system from the coming damage. As first reported by Timothy Carney of the Washington Examiner, the host committee for the fundraiser at Pennsylvania Avenue's Sonoma Restaurant includes lobbyists for Pfizer, Merck, Eli Lilly, Novartis and sundry other drug companies that have been among the biggest of ObamaCare's corporate sponsors. Other hosts—who have raised at least $10,000 for Ms. Coakley—include representatives from UnitedHealthcare, Blue Cross Blue Shield, Humana and other insurers. As far as we can tell, the insurance industry claims to oppose ObamaCare's current incarnation. Naturally, lobbyists from America's Health Insurance Plans and Pharmaceutical Research and Manufacturers of America, the major trade groups, were on hand too. Money follows power in Washington, obviously, though this example seems especially inexplicable given that Ms. Coakley's GOP opponent, state senator Scott Brown, may be the last chance to defuse the health-care doomsday machine. But maybe someone in the press corps will bother to mention this episode the next time President Obama takes aim at the "special interests" he claims are opposing his agenda. Against overwhelming public opposition, the only things keeping ObamaCare alive at this point are power politics and the misguided corporate cease-fire that Democrats have either coerced or bought—or is homegrown at companies like Pfizer that are deeply invested in more government control of the economy. Ms. Coakley's election would make that outcome a certainty. online.wsj.com