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Old 10-22-09, 01:00 PM   #1 (permalink)
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stimulus money used to put people out of work

TARP money was used in the merger of Pfizer/Wyeth

looks like about 20,000 people lost their jobs...

financed by TARP.



that's it in a nut shell.
i'm so glad my money was used to finance this merger putting people out of work and cutting the R&D funding of Wyeth down 70%
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Old 10-22-09, 01:02 PM   #2 (permalink)
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Re: stimulus money used to put people out of work

source?

my dad worked for the pharma bidness, has been out of work for 15mo and counting. Top level execs got hit HARD!!!
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Old 10-22-09, 01:12 PM   #3 (permalink)
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Re: stimulus money used to put people out of work

there are articles all over the net. the merger was started back around the beginning of the year and finalized last thrusday.

tons of people just lost their jobs... not just management. sales, r&d, etc...

merger was set in place by wall street banks using funds from TARP.
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Old 10-22-09, 01:41 PM   #4 (permalink)
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Re: stimulus money used to put people out of work

healthcare rules!
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Old 10-22-09, 01:50 PM   #5 (permalink)
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Re: stimulus money used to put people out of work

I love big government using our tax dollars in productive ways.
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Old 10-22-09, 01:58 PM   #6 (permalink)
 
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Re: stimulus money used to put people out of work

Wasn't the money given in the first place to increase lending?
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Old 10-22-09, 02:02 PM   #7 (permalink)
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Re: stimulus money used to put people out of work

fuck bush.
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Old 10-22-09, 02:09 PM   #8 (permalink)
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Re: stimulus money used to put people out of work

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Originally Posted by Tyler Durden View Post
fuck bush.
I prefer it shaved.
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Old 10-22-09, 06:20 PM   #9 (permalink)
 
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Re: stimulus money used to put people out of work

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fuck bush.
Your big O bomba has Big Pharmacy in his back pocket also.
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Old 10-22-09, 09:06 PM   #10 (permalink)
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Re: stimulus money used to put people out of work

Quote:
Originally Posted by Deff Gordon View Post
there are articles all over the net. the merger was started back around the beginning of the year and finalized last thrusday.

tons of people just lost their jobs... not just management. sales, r&d, etc...

merger was set in place by wall street banks using funds from TARP.

its true of the stimulus bill too... it did nothing to stem the tide of unemployment. 49 states lost jobs since it passed. 1... North Dakota gained 1800 jobs.
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Old 10-23-09, 12:41 AM   #11 (permalink)
 
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Re: stimulus money used to put people out of work

Quote:
Originally Posted by transplant View Post
I love big government using our tax dollars in productive ways.
I love how we don't anything about it :P

Welcome to the new generation that just beeennnnddds over!
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Old 10-23-09, 11:46 AM   #12 (permalink)
 
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Re: stimulus money used to put people out of work

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I love how we don't anything about it :P

Welcome to the new generation that just beeennnnddds over!
Ha. Its funny. A majority of people inside of this thread, regardless of the evidence presented to them, will still believe in having a private montery based system, a democracy that is more evil than the business's that back them, and capitalism feeding us nothing but deteriorated and unsafe products in the name of profit. What the hell is wrong with us?
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Old 10-23-09, 11:55 AM   #13 (permalink)
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Re: stimulus money used to put people out of work

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its true of the stimulus bill too... it did nothing to stem the tide of unemployment. 49 states lost jobs since it passed. 1... North Dakota gained 1800 jobs.
Are these state Jobs? Or jobs in general?
The stimulus can't force companies to keep employees on. Businesses do what's right to keep their head above water. Employees are the easiest way to reduce overhead quickly.

Now if you're referring to state-funded jobs that's a different story. Got any stats on state funded jobs?
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Old 10-23-09, 12:39 PM   #14 (permalink)
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Re: stimulus money used to put people out of work

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What the hell is wrong with us?
Nothing, it just happens to be the lesser of all evils when compared to the current alternatives.

From a certain POV; we, living in the US have a way better standard of living that most countries; and please take into account the size of the US when comparing to other countries and their models of living.

That's not to say that there's room for improvement.
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Old 10-23-09, 02:05 PM   #15 (permalink)
 
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Re: stimulus money used to put people out of work

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Your big O bomba has Big Pharmacy in his back pocket also.
Oh please spare us your biased bullshit opinions.

If anything they hate Obama for proposing his (retracted) gov. health care plan. By comparison the relationship between Bush and big pharma was nothing less than a romantic love story.

Not only did Bush pass legislation blocking the importation, and bulk purchase by the US of generic (same chemical, cheaper price) drugs, but he refused aid to foreign countries begging for cheap HIV/AIDs drugs that could only be afforded in generic form. He gave them a choice: to pay the ridiculous sky high costs of US manufactured AIDs drugs or get nothing. Bush's entire presidency helped to solidify the greed and unsafe, unfair practices of the pharmaceutical industry. right down to the fucking wire.

In his last week of office, HIS LAST WEEK he helped pass legislation that allowed for pamphlets to display information about unapproved uses of medicines.this significantly expanded the market for pharmaceutical products. He loved them so much he even made sure that they would continue to profit excessively even after he was gone.
http://uk.reuters.com/article/idUKN12332702

so not only are they selling drugs at ridiculously high prices and making record profit, but also now they are introducing medical equipment and medicines that are to be used unsafely. It's practically a regression into the "snake oil" era of patent medicines.

You have got to be an idiot if you think Obama's dedication to big pharma is anywhere in the same ballpark as Bush's. Of course Obama is just a puppet, like any president, but so far his strings don't seem to be held as much by Big pharma.
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Last edited by Coyotl; 10-23-09 at 02:11 PM.
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