Skip to content
Andrew Tobias
Andrew Tobias

Money and Other Subjects

  • Home
  • Books
  • Videos
  • Bio
  • Archives
  • Links
  • Me-Mail
Andrew Tobias
Andrew Tobias

Money and Other Subjects

Where There’s A Will, I Want To Be In It

April 19, 2012April 19, 2012

 

THE GOOD  NEWS: TOBACCO

Ralph Sierra: “TOBACCO COMPANIES MUST LIST CHEMICALS, FDA SAYS – this little noticed story in the Washington Post recently  shows our county’s good fortune in electing Obama. There was a time when tobacco companies were up there with the NRA in striking fear in the hearts of our congresspeople. No way would McCain/Palin have allowed the FDA to require tobacco companies to list the poisons that are used to ‘enhance’ the taste of cigarettes.”

 

THE BAD NEWS: SMART LAWYERS, WEAK REGULATORS

Whereas this story — HOW TO KEEP HEALTHCARE COSTS HIGH IN ONE EASY LESSON — shows you what we’re up against.  As an investor in speculative drug stocks, I want to preserve incentives.  But it feels as though the balance has swung too far. In this case, Abbott Labs lawyers have figured out a way to hit us up for an extra $700 million a year on just one drug I had never even heard of.

A PARTY ON OUR SIDE

Democrats are for empowering people to vote (“motor voter” laws and the like) and limiting the influence of corporations. Republicans are for limiting the ability of people to vote (shortening early-voting windows, passing laws to discourage voter registration, making it harder for poor people and young people to vote) and expanding the influence of corporations.

Right now, it’s entirely legal for the DNC to take contributions from federal lobbyists and PACs.  Yet for more than 4 years, at the President’s direction, it has not.  The RNC does.   The Obama  campaign never has; the McCain campaign did and I assume the Romney campaign will.  Last I checked, there were more than 10,000 federal lobbyists and PACs, and they love giving money.  We don’t take it; the other team does.  This is not chump change: at $5,000 each, say, that’s $50 million a year.

And that’s just one of the steps the President has taken to weaken the influence of special interests.

Others:

·         President Obama is the first in history to publicly disclose White House visitors.

·         His administration bars anyone who has been a registered federal lobbyist in the past two years from presidential appointments.

·         Donating to the campaign neither provides access nor precludes it. Thousands of people who don’t contribute to the campaign visit the White House every week.

By contrast, Governor Romney does not disclose his bundlers (and only discloses bundlers who are federal lobbyists because it’s required by a law the President helped pass).  He holds fundraisers with lobbyists who are assigned to develop specific policies for him.

Had Al Gore gotten to appoint Supreme Court Justices instead of George W. Bush, we would not have had the 5-4 Citizens United ruling — basically, a Republican “corporations are people” ruling — under which corporations and billionaires can have outsize influence on elections and intimidate specific Congress people into doing their bidding with the mere threat of a $10 million attack against them in their next election.

 

PARAPROSDOKIANS…

You’ll find 182 of them here — pithy statements with unexpected endings.  Like some of these circling the Internet:

1.  Where there’s a will, I want to be in it.

2.  The last thing I want to do is hurt you. But it’s still on my  list.

3. Since light travels faster than sound, some  people appear bright  until  you hear them speak.

4. If I agreed with you, we’d both be  wrong.

5. War does not determine who is right – only  who is left.

6. Buses stop  in bus stations.   Trains stop in  train  stations.   On my desk is a work station.

 

 

Post navigation

← Light, Heat, and the Safety Net
We Have Hot Water! →

Quote of the Day

"As long as they're born faster than we can make them hate us, we're in business."

veteran, unnamed airline employee quoted in the New York Times Sunday Magazine

Subscribe

 Advice

The Only Investment Guide You'll Ever Need

"So full of tips and angles that only a booby or a billionaire could not benefit." -- The New York Times

Help

MYM Emergency?

Too Much Junk?

Tax Questions?

Ask Less

Recent Posts

  • Doug, Simon, Dave, John, Caitlan, And Pete -- I'm A Fan

    May 8, 2025
  • Fair Harvard

    May 7, 2025
  • Your Future Imaginary Friend

    May 5, 2025
  • Conservative Peggy And Liberal Thom

    May 4, 2025
  • Little Marco Predicts

    May 3, 2025
  • May Day! May Day!

    May 3, 2025
  • Rising Prices, Falling Poll Numbers, See You Tomorrow

    April 29, 2025
  • He's Having A Lot Of Fun

    April 29, 2025
  • A Word from the Wise

    April 26, 2025
  • The Huge, Crucial Difference Between Neville Chamberlain And Donald Trump

    April 24, 2025
Andrew Tobias Books
  • Facebook
  • Twitter
©2025 Andrew Tobias - All Rights Reserved | Website: Whirled Pixels | Author Photo: Tony Adams