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How Obama/Biden Wrecked the
U.S. Medical Device Industry

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Posted By: shazbot123, 4/27/2020 4:59:05 AM

As lawmakers ponder ways to bring back U.S. manufacturing of pharmaceuticals, their raw materials, medical supplies, and devices, it must be remembered a major part of this problem which has come back to bite us was created by the Obama/Biden administration and the medical device tax that was included in ObamaCare that was supposed to defray the costs of this doomed-to-failure new entitlement program.

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Reply 1 - Posted by: franq 4/27/2020 6:00:34 AM (No. 392801)
They wrecked everything they touched. It's the lib gift.
73 people like this.

Reply 2 - Posted by: WhamDBambam 4/27/2020 6:40:24 AM (No. 392816)
It almost seems intentional, doesn’t it, #1?
56 people like this.

Reply 3 - Posted by: Condor44 4/27/2020 7:02:09 AM (No. 392838)
The MSM is ignoring any negativenews about Biden and the Obama administration. They are real lapdogs for the Dims.
40 people like this.

Reply 4 - Posted by: watashiyo 4/27/2020 7:49:13 AM (No. 392876)
Not a Smidgeon.... Democrats and Doorknob Hussein's got blood on their unsanitized hands! Actually, all the legal, illegals and the dead who voted for the Dumb & Dumber combo's got blood on their hands as well.
35 people like this.

Reply 5 - Posted by: JackBurton 4/27/2020 7:52:19 AM (No. 392879)
Remember that removing the favorable tax treatment U.S. drug manufacturers had in Puerto Rico was done under Clinton (by his Democrat Congress) in the 90s and resulted in all the companies leaving Puerto Rico by 2006. I'm sure there was a big Chinese pay off for that. And it destituted Puerto Rico. As we now see.
32 people like this.

Reply 6 - Posted by: felixcat 4/27/2020 8:03:44 AM (No. 392901)
Re Puerto Rico. That and Al Sharpton protesting the Vieques Island as a bombing range. The Navy said that if they are forced to close down Vieques, they would pull out the entire Naval Station at Roosevelt Roads. And they did. That naval station (I was stationed there from 1987-1989) was also a large source of income for PR. BTW - how many of the ventilators that GM was forced to make are sitting in a warehouse?
26 people like this.

Reply 7 - Posted by: TCloud 4/27/2020 8:11:51 AM (No. 392916)
In the Obama/Biden days, we were left with *winging it* because Hope and Change was/is an excuse to do nothing!
22 people like this.

Reply 8 - Posted by: Clinger 4/27/2020 8:17:20 AM (No. 392929)
This is a microcosm of universal economic principles and what has happened to American manufacturing in general. This article was written because of extraordinary circumstances where the consequences of ignoring economic laws have inconveniently become obvious. It's like striking a match in the powder magazine and finding the ensuing explosion revealing. We have been chasing industry away by tax and regulation policy as a standard practice for 75 years of course something blew up. Government wants more money, they tax more and get less of what they tax, then they turn to taxing more to make up the shortfall. They try to tie each tax to a specific need to get the heads to bob up and down and pull the lever. Every bloody one of them can sound so righteous in a vacuum. In aggregate we know we are topped out at 17% of GDP. No matter what you do to try to squeeze more out of us no matter how compelling some people thing the case to be, you won't get more. We have no idea what we could produce with 2020 technology if we could return to fiscal responsibility and ration and tax policy.
18 people like this.

Reply 9 - Posted by: wakeupcall 4/27/2020 8:22:07 AM (No. 392940)
Don't forget when Obama/Biden used up 91 million of the 100 million federal emergency reserve N95 medical face masks during the Swine flu outbreak. They never bothered to replenish the reserve. When this CCP COVID-19 was released onto the world there were only 9 million N95 masks in the reserve.
24 people like this.

Reply 10 - Posted by: wakeupcall 4/27/2020 9:11:52 AM (No. 393003)
Remember these are only final estimates by the CDC as no one kept accurate track or simple made up numbers of The Swine Flu. I wonder why? Democrat controlled government of Obama perhaps? I believe they are making up numbers of the CCP COVID-19 to make the virus sound over one hundred times, or more, worse than it is in their efforts to destroy America from within while their is a republican semi-controlled government via President Trump and the Senate. All the while, the Marxist Communist democrat controlled House does everything they can to make things worse than they actually are. The CDC final report in May 2011 says it infected over 60.8 Million people their guessing range is from (43.3 to 89.3 million) in America. Their report says hospitalizations were 274,304, their guessing range is from (195,086 to 402,719) in America. Their report says deaths were 12,469 their guessing range is from (8868 to 18,306) in America. In truth this report isn't worth .02 cents.
10 people like this.

Reply 11 - Posted by: bigfatslob 4/27/2020 9:35:58 AM (No. 393029)
One poster used the term "winging it" that was eight years of the low IQ Obama and Biden. Obama vacationing on the golf courses and Biden stalking in the halls of Washington or train rides to work in search of hair to sniff. All in the Obama/Biden reign of terror businesses were exiting the country because of tax burdens to the point of almost all are gone.
18 people like this.

Reply 12 - Posted by: Lawsy0 4/27/2020 11:28:55 AM (No. 393184)
When this hot mess passed during a holiday, I was stunned that it first named 'feminine products' as medical devices. There isn't enough hate left in the world to give Obama his proper share!! I remember telling one of my doctors how frightened I was about Obamacare. He tried to reassure me I'd be okay because I was poor.
9 people like this.

Reply 13 - Posted by: Kafka2 4/27/2020 11:33:07 AM (No. 393190)
The also wrecked the coal industry, obstructed oil pipelines, created government agencies with independent taxing and policing powers and added many,many,many obnoxious laws. And, increased “crony capitalism.” Also, tried to to commit the US to treaties without conformation.
16 people like this.

Reply 14 - Posted by: RedWhite&Blue2 4/27/2020 1:58:17 PM (No. 393379)
Obama/Biden..two incompetent fools 8 years of total incompetency DJT—8 years of MAGA because of those two bumbling fools....though DJT should get an EXTRA four years due to the persecution inflicted by the commies on the left! Veterans for Trump 2020—Landslide! AND 2024!
11 people like this.

Reply 15 - Posted by: bighambone 4/27/2020 3:33:23 PM (No. 393489)
#1, Biden wants a another chance to wreck the country again.
6 people like this.

Reply 16 - Posted by: OCJim 4/27/2020 7:46:22 PM (No. 393713)
Cash For Clunkers was the perfect metaphor for the Obama/Biden regime. They put so many resources of this nation into the crusher, not just cars. Obama 2009: "Hey, Joe, what about our domestic medical device manufacturing?... OK, into the ObamaCare crusher it goes!"
5 people like this.

Reply 17 - Posted by: Trigger2 4/28/2020 1:15:47 AM (No. 393892)
Add the Butch to the list and you get the real Three Stooges.
0 people like this.

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