{"id":200296,"date":"2021-05-18T18:10:00","date_gmt":"2021-05-18T23:10:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2021\/05\/18\/katie-porter-and-her-white-board\/"},"modified":"2021-05-18T18:10:00","modified_gmt":"2021-05-18T23:10:00","slug":"katie-porter-and-her-white-board","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2021\/05\/18\/katie-porter-and-her-white-board\/","title":{"rendered":"Katie Porter and Her White Board"},"content":{"rendered":"<p>Representative Katie Porter, (D-CA) does her homework, and she knows her numbers, and when she <a href=\"https:\/\/crooksandliars.com\/2021\/05\/katie-porter-richard-gonzalez\">whips out her white board<\/a>, someone is in for a can of whup ass.<\/p>\n<p>In this case, it was the Richard Gonzalez, the CEO of AbbVie, which is gouging patients for its Humira Arthritis drug.<\/p>\n<p>She showed that the money for R&amp;D is dwarfed by advertising, and executive compensation, particularly that compensation which is driven by stock buybacks:<\/p>\n<\/p>\n<blockquote><p><span style=\"color: #2b00fe;\">Or, as Porter observed: &#8220;You lie to patients when you charge them twice as much for an unimproved drug, when you tell us that R&amp;D justifies those price increases. The Big Pharma fairy tale is one of groundbreaking R&amp;D that justifies astronomical prices. But the pharma reality is that you spend most of that money making money for yourself and your shareholders.&#8221;<\/span><\/p><\/blockquote>\n<p>Roll the tape, it&#8217;s beautiful: (It&#8217;s also not that difficult if you aren&#8217;t spending 8 hours a day dialing for dollars for your DCCC dues)<\/p>\n<p><iframe loading=\"lazy\" allowfullscreen=\"\" frameborder=\"0\" height=\"282\" src=\"\/\/embed.crooksandliars.com\/embed\/dwPK16jG\" width=\"500\"><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Representative Katie Porter, (D-CA) does her homework, and she knows her numbers, and when she whips out her white board, someone is in for a can of whup ass. In this case, it was the Richard Gonzalez, the CEO of AbbVie, which is gouging patients for its Humira Arthritis drug. She showed that the money &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[998,1028,1018,985,1027,1085],"tags":[],"class_list":["post-200296","post","type-post","status-publish","format-standard","hentry","category-congress","category-people-i-do-not-want-to-piss-off","category-pharma","category-regulation","category-video","category-win"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/200296"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=200296"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/200296\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=200296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=200296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=200296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}