NYT Continues to Choke

Heh. Looks like the New York Times is reporting a loss of $648 Million for the Fourth Quarter. Good. It couldn't happen to a nicer bunch of AssClowns. Thanks for all the leaks... enjoy the continuous slide into hell.

Consequences II

While perusing the Wall Street Journal (subscription required) today, I found an article on page A2 by Mr. Alan Murray: Drug Makers’ Politics Produces a Bitter Pill. I almost skipped over it because of a Boeing article on the next page. I’m glad I didn’t. Welcome to another unintended Consequence from midterm elections 2006. I take the liberty of reprinting parts of it here:

Since election day, drug stocks have gotten clobbered. Pfizer, Wyeth, Eli Lilly and Novartis have tumbled 5% or more; GlaxoSmithKline, Merck and Johnson and Johnson are down 4% or more; and Bristol-Myers Squibb is down 3.5%.

Add it up, and you’ve got nearly $50 billion in market value wiped out by Democratic victories.

Holy crap! $50 billion dollars gone in a week. That is truly something. Part of the reason that this happened is that these pharmaceutical companies bet heavily on Republicans maintaining power. While I’m sure that they would have loved to spread the love around, the Democrats have come out as these firms' natural enemy.

The list of Democrats lobbing mortars at the drug firms is long and violent. Remember the Clinton Administration painting these firms as faceless, evil entities (all the while testing Viagra no doubt). Remember Hillary Health Care? Remember Al Gore talking about the little old lady who couldn’t afford to eat? Please.

The truth is that the only reason we have all of these great drugs is because the companies keep trying to solve problems. I don’t think that the average American realizes how much education a typical researcher has to have for this kind of work. I have a buddy who works for a drug company. He has 2 ph.Ds and is a Doctor of Veterinary Medicine on top on it. Does he make good money. Hell yes. Could I do his job? Not a chance!

But thanks to him and his team, we have a somewhat larger variety of drugs that are helpful and safe. Safe is really key. Clearly we don’t want these drugs to be unsafe. In fact, the FDA has grown exponentially over the years. Regulations have grown even faster. Thanks to PETA and their leftist sympathizers, animal testing is really gone. Hey, I’m all about some humane treatment, but you can’t demand that companies don’t cut corners on one hand and then demand that they lower prices on the other (under threat of legislation). But I digress…

$50 billion dollars of capital have magically disappeared. Most of us have holdings in these companies in our IRAs and 401(k)s. The American people just voted money out of their own pockets… and it had nothing to do with taxes at all. I’d call that an unintended consequence.

Consequences I

This is the start of an ongoing series outlining the changes that are already occurring due to DNC controlled agenda. I have to point out, as I have so many times before, that elections have consequences. I intend to point out those consequences that were probably overlooked by those who chose to stay home or entered a protest vote.

The head of the National Rifle Association, Wayne LaPierre is understandably upset. The change in congress has brought about a brand new round of nightmares for gun owners. From his blog at NRA News:

Monday, November 13, 2006
Banning BB Guns

You might think that Massachusetts can't become any more anti-gun.

Well, think again. Now there's a proposal to ban BB guns in Massachusetts. Complete with a BB gun amnesty period. And a BB gun buyback program.

Millions of kids have grown up with BB and pellet guns. I don't know of any that were turned into criminals by their Daisy Red Ryder BB gun.

But that doesn't matter to the politicians in Massachusetts. They think BB guns are bad, and they want them outlawed.

In fact, these politicians not only plan to ban BB guns in Massachusetts, they're sending letters to Maine, New Hampshire, Vermont and Rhode Island to ask those states to do the same.

In the words of one of these anti-gun politicians, their goal is to make "New England an area free of pellet guns and BB guns."

'Scuse me, but isn't Massachusetts the same home state of some of the bravest patriots to fight in the Revolutionary War? Paul Revere must be rolling over in his grave right now.

In Massachusetts, they've gone from the cradle of liberty to a state that treats its residents like children.

From.my.cold.dead.fingers.