Saturday, May 12, 2018

Trump's Drug Plan Blames "Big Government" and Protects Big Pharma. Surprise, Surprise.

On the Destroy-the-Obama-Legacy front, Donald Trump is keeping promises left and right, no matter how destructive his policies are. On the promises that would help real people -- whoever they are -- no so much.

Traders were cautious on health stocks, then Trump spoke, people panicked,
then they figured out what he said, leading to the super spike of relief.

You've got to hand it to Donald Trump, he knows how to obscure his broken promises. Saying “Today, my administration is launching the most sweeping action in history to lower the price of prescription drugs for the American people,” without batting an eye and then adopting a plan that does next to nothing to fix drug prices is quite a trick. if you wonder what Wall Street thought of it, look at the chart above. If you wonder what Big Pharma thought of it look below.

The dip before he spoke? The same. The bit of dread as he spoke? The same. The spike of relief after analysts figured out "big whoop?" Yep. Man of the people, all right.

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