UNDERNEWS

Undernews is the online report of the Progressive Review, edited by Sam Smith, who covered Washington during all or part of one quarter of America's presidencies and edited alternative journals since 1964. The Review has been on the web since 1995. See main page for full contents

August 19, 2009

AXELROD HAS TIES TO PHARMA LOBBY

Politico - The pharmaceutical lobby, PhRMA, has hired the firm David Axelrod founded, AKPD Media - a fact that raises eyebrows because Axelrod sold the firm under an agreement that left it owing him $2 million, a lot of money for a political media company. It's hard to imagine a situation in which, say, Karl Rove was still getting checks from a firm that was, in turn, employed by the drug lobby not drawing fire from the left, and Axelrod's arrangement is, a bit belatedly, getting that attention. As the pharmaceutical industry spends hundreds of millions supporting a government takeover of health care - one which drug companies obviously believe will increase their profits, even as it raises Medicare premiums for seniors - some may wonder whether White House senior advisors earning millions of dollars paid for in part by the pharmaceutical industry represents the kind of change Americans can believe in.

0 Comments:

Post a Comment

<< Home