On the heels of Friday's unsettling jobs report from the Labor Department, we can now judge the performance…
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Image of the Day: Biden, Pelosi and Schumer Faceplanted On Jobs in 2021

On the heels of Friday's unsettling jobs report from the Labor Department, we can now judge the performance and promises of Joe Biden and the Pelosi/Schumer Congress against actual reality.  They promised 10.3 million jobs would be created in 2021 if their massive spending and regulation blowout passed, versus 6.3 million jobs if their agenda wasn't passed.  So how did it turn out?  Their agenda was passed, but only 6.1 million jobs were created as the U.S. economy slowed and struggled to recover from the Covid dip, as AEI's Matt Weidinger highlights.  They apparently made things worse, not better, illustrating the sardonic adage, "Don't just do something - stand there."

 

[caption id="" align="alignleft" width="905"] BIden Jobs Performance: Worse Than Doing Nothing[/caption]…[more]

January 10, 2022 • 10:13 AM

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Home Press Room CFIF Urges “No” Vote on H.R. 3, Speaker Pelosi’s Destructive Drug Pricing Bill
CFIF Urges “No” Vote on H.R. 3, Speaker Pelosi’s Destructive Drug Pricing Bill Print
Wednesday, December 11 2019

ALEXANDRIA, VA – The U.S. House of Representatives is scheduled to vote on Speaker Nancy Pelosi's H.R. 3, the "Lower Drug Costs Now Act of 2019."  The Center for Individual Freedom ("CFIF") is urging all House Members to vote "No," as the legislation would, among other significant issues, stifle innovation, limit access to life-saving medications and reduce projected gains in life-expectancy for all Americans. What follows is a statement by CFIF President Jeffrey Mazzella:

"CFIF unambiguously opposes H.R. 3, the so-called 'Lower Drug Costs Now Act of 2019'.

"Contrary to its misleading title, the primary effect of Pelosi’s bill wouldn’t be to lower drug costs, but to severely threaten Americans’ access to healthcare and life-saving medicines by imposing foreign price controls, compulsory arbitration with government bureaucrats, a complete restructuring of the popular Medicare Part D program and what amounts to a retroactive tax on hundreds of the most commonly used medicines in America.

"America currently claims the world’s most innovative pharmaceutical industry, accounting for two-thirds of all new lifesaving and life-improving drugs globally.  But by importing price controls from foreign nations – which ignore drug patents to extort compliance – American consumers would suffer the same negative consequences that those nations’ consumers do:  unavailability of those critical lifesaving and life-improving drugs.

"Indeed, the Congressional Budget Office ('CBO') itself determined that H.R. 3 would reduce the number of new medicines introduced into the market, and the Council of Economic Advisers (‘CEA’) found that the bill’s price control mechanisms would impact fully one-third of all medicines under development.  The CEA also forecasts that H.R. 3 would reduce current expected U.S. life expectancy improvements over the coming decade by 25%.

"The United Nations World Health Organization ('WHO') has similarly acknowledged that price controls suffocate innovation and delay the arrival of new drugs, or deny them entirely.  That's why the nations pursuing that destructive path receive a mere fraction of the new pharmaceuticals that Americans are able to access, which also explains why America outpaces those countries in terms of cancer survival rates and other benefits.  Pelosi's bill would also jeopardize nearly $1 trillion of pharmaceutical investment, research and development.

"This is all far too high a price for Americans to pay on behalf of Nancy Pelosi's big-government drug pricing scheme. CFIF therefore opposes H.R. 3 in the strongest terms, applauds Members of Congress who have already voiced opposition to it and urges all House Members to vote 'No.'"

CFIF is a constitutional and free market advocacy organization with over 300,000 supporters and activists nationwide. 

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