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Leave It To Fox News To Defend ‘Pharma Bro’ Martin Shkreli

Posted by Ellen -7859.80pc on September 23, 2015 · Flag

Bolling_Pharma_Bro.png

While the rest of the world hates on Martin Shkreli, the “pharma bro” who jacked up the price of an AIDS drug from $13.50 to $750 a tablet, to Fox host Eric Bolling, Shkreli is just a savvy businessman.

From Media Matters:

ERIC BOLLING: Now I say be careful before you call for this guy’s head. It’s the free market that provides the profit motive that entices drug companies to risk their own money to discover cures for diseases. Now think about this for one second. God help us if we left that to the government.

[...]

That drug already went off patent and he picked it up, it was cheap, and he raised the price. If it’s so valuable someone else will come in and compete.

Bolling’s cohost, Greg Gutfeld, thinks the answer is to “get rid of regulations” on drug development.

GUTFELD: Price controls are not going to stop this. What we have to do is get rid of the regulations that slow the development. It takes 10 years and 10 billion dollars… to get approved by the FDA.

Tell you what, Greg: you take drugs that have not been fully vetted by the FDA first and then let the rest of us know how they work and if they’re safe.

However, after becoming Public Enemy Number One, Shkreli has announced he will “lower the price" of the drug, Daraprim. He did not say how much he would lower the price.

Meanwhile, watch Bolling defend Shkreli below, from the September 22 The Five.

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Dave Jackson commented 2015-09-23 21:20:57 -0400 · Flag
The outrage over this and the back-pedaling of the price was also an instrument of the free market. It’s the legal, without a gun, way to make changes. If we didn’t, figuratively, tar and feather this POS, he would have his way with us. But this is good overall, we have an election coming up. Are conservatives going all-in on unchecked capitalism? If so, they will be reminded of this.

Hi, I’m back!
Eyes On Fox commented 2015-09-23 14:28:36 -0400 · Flag
This is hilarious and deeply depressing at the same time. Find an example of monopolistic gross price abuse and FOX News uber capitalists gush over the crook’s business savvy. I thought monopolies were the one area of regulation even right-wingers agreed with me it was needed. Guess not.

You won’t find this covered on right-wing propaganda factory GOP TV but NPR covered the extent to which drug companies fund medical studies and how corrupting it is regarding clinical trials of pharmaceuticals. So what could go wrong with more deregulation?

The far right logic goes along the lines if some company is incompetent or unethical enough to develop drugs 💊 which do harm, not good, then when people find out it’s self-correcting (so sorry for the poor saps who took tainted drugs) and it’ll drive the bad actors out of business.

One obvious problem with this is it requires a watchdog media and we all know FOX News would bury stories like this and smear the ‘liberal mainstream media’ for being anti-capitalism if they report it.
Lakeview Greg commented 2015-09-23 14:12:18 -0400 · Flag
The dude is slime. The Foxies? Less than slime.
mlp ! commented 2015-09-23 14:04:44 -0400 · Flag
Even Shkreli was smart enough to back down somewhat on this price raise. So now will Bolling jump all over him?
Anita Hall commented 2015-09-23 13:28:35 -0400 · Flag
Mr. Bolling ~ how selfish, inconsiderate, and self-righteous you are to not give a rat’s ass about those who’s lives depend on this drug. May YOU walk a mile in their shoes & need this Rx at it’s current cost. We’ll see then what you think about this “savvy businessman”! And in return for his greed ~ may said “savvy businessman” find himself walking in the shoes of those who’s lives he has turned upside down due to his greed.
NewsHounds posted about Leave It To Fox News To Defend ‘Pharma Bro’ Martin Shkreli on NewsHounds' Facebook page 2015-09-23 09:00:09 -0400
Well, at least they didn't blame it on Obama... yet.








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