Archive for August, 2019
August 19th, 2019 at 10:09 am
Image of the Day: Middle Class Shrinking… In a Good Way
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From AEI, something to remember when we’re told that the middle class in America is disappearing.  It’s disappearing because people are moving upward:



Middle Class Disappearing... Upward

Middle Class Disappearing… Upward




August 9th, 2019 at 1:22 pm
Image of the Day: If Too Many Guns Is the Problem, Explain This
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If the problem is too many guns, explain this…

More Guns, Less Murder



August 2nd, 2019 at 1:33 pm
Texas A.G. Paxton Irrationally Joins Leftist A.G. Colleagues in Multistate Lawsuit Opposing T-Mobile/Sprint Merger
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Inexplicably, Texas Attorney General Ken Paxton has elected to join leftist state attorneys general in their multistate lawsuit opposing a T-Mobile/Sprint merger that the Department of Justice (DOJ) has approved, and a majority of Federal Communications Commission (FCC) commissioners support.

That lawsuit took the unprecedented step of challenging the proposed merger before the federal agencies had even completed their review process, demonstrating that their opposition had less to do with the facts and market realities of the case than political grandstanding.  Clearly, their state-level lawsuit centers not on the merits of the merger, especially in light of the DOJ’s announcement this week, which would introduce even greater network capacity and competition to the telecom marketplace.

By indefensibly choosing to join that lawsuit, Paxton now seeks to halt an extraordinary opportunity to accelerate innovation and 5G deployment in the U.S., bridge the digital divide in rural and urban communities and boost high-paying American jobs.

We at CFIF have long supported the proposed merger for all of these reasons and more, and we hope that Paxton and anyone else considering such a needlessly unwise position reconsider.

August 1st, 2019 at 4:29 pm
Drug Importation: An Inexplicably Bad New Proposal from the Trump Administration
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Yesterday, the Trump Administration through the Department of Health and Human Services (HHS) inexplicably introduced a proposal to begin drug importation from other countries.

Currently, Americans enjoy the safest medicine market in the entire world under the system monitored by the U.S. Food and Drug Administration (FDA).  According to FDA estimates, over 99% of drugs making their way into the U.S. via international mail failed to comply with its standards, and the United Nations World Health Organization estimates that fully 10% of all medicines worldwide are actually counterfeit.  That’s an enormous and unacceptable threat.

It’s therefore no surprise that a bipartisan array of experts and officials, including Trump Administration officials, have long panned the drug importation idea.  Just last year, for instance, HHS Secretary Alex Azar labeled drug importation a “gimmick,” emphasizing that, “the last thing we need is open borders for unsafe drugs.”  Recent FDA Commissioner similarly lambasted the idea and detailed the numerous threats that it entails.  A collection of FDA Commissioners spanning the years 2002 through 2016 went so far as to write an open letter to Congress in 2017, explaining how drug importation, “could lead to a host of unintended consequences and undesirable effects, including serious harm stemming from the use of adulterated, substandard or counterfeit drugs.”

Safety concerns, however, aren’t the only problem with the drug importation idea.  The Congressional Budget Office (CBO) has studied the issue and concluded that drug importation would have little to no impact on actually lowering prices.  Former FDA Commissioner Gottleib concurred that the plan “would have added so much cost to the imported drugs; they wouldn’t be much cheaper than drugs sold inside our closed American system.”  Part of the problem, according to a Canadian Pharmacists Association (CPhA) statement released just yesterday, is that Canada’s market couldn’t handle the sudden onslaught of American demand, and importation would crash their market on which the U.S. drug importation plan would rely.

Additionally, as we at CFIF have long emphasized, importing other nations’ pharmaceutical policies and pricing would reduce drug innovation and availability to American consumers.  Even highly developed nations enjoy far fewer new life-saving and life-improving pharmaceuticals than the U.S., which should trigger alarm for every American.

This constitutes a rare unforced error, as drug importation violates free market principles, in addition to the fact that imported drugs meet neither safety nor dependability standards.

How else can we be certain that this is a terrible idea?  Socialist Senator Bernie Sanders (D – Vermont) advocates it.  That says all we need to know.