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Old 03.08.2008
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"Don Cheto"
 
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Thumbs down Dems Collecting Lions Share of Drug Co Campaign Money

In spite of their anti-drug company rhetoric, the Democrats are taking much more money in the form of campaign contributions. Typical Dim tactics. Say one thing and do the opposite.

NEW YORK (CNNMoney.com) -- Democrats have long served as the traditional enemy of Big Pharma, but in this presidential campaign, the left is taking the lion's share of drugmaker money.
Democratic senators Barack Obama and Hillary Clinton are the top recipients of donations from the pharmaceutical industry, according to The Center for Responsive Politics, a non-profit, non-partisan research group in Washington, D.C. Meanwhile, donations to Sen. John McCain, who was recently endorsed by President Bush as the official Republican candidate, pale in comparison.
Obama maintains a slight edge over his Democratic rival, with $181,000 in Big Pharma donations through Jan. 31, compared with Clinton's $174,000, according to the center. McCain is far behind with $44,000.
This is in spite of the fact that all three candidates have consistently bashed the pharma industry and vowed to lower drug prices, which would take a bite out of corporate profits.
But it wasn't always this way. Big Pharma, voting with its wallet, used to be more of an enthusiastic supporter for the Grand Old Party.
In the 2004 presidential election, drugmakers donated $516,000 to the Bush campaign, a huge increase over the $280,000 provided to Sen. John Kerry, the Democratic candidate from Massachusetts, according to the center.
A changing climate
There are two reasons for the recent shift in funding. The Bush administration may still control the White House, but Republicans no longer control Congress. Democrats hold the majority in the House, and the parties are evenly split in the Senate. Drugmakers could be trying to secure access to the ruling party by courting their traditional enemies.
"Since the Democrats took control of Congress in 2006, money has shifted away from Republicans, to the Democrats who hold the keys to the kingdom," said Massie Ritsch, a spokesman for The Center for Responsive Politics. "The pharmaceutical industry is one that would lean Republican if it didn't have to make friends with the party that's in power right now."
Merck spokesman Ron Rogers said his company has never announced support for a specific candidate and "has always sought to work with both Republicans and Democrats on the issues that affect pharmaceutical innovations whether one party or the other has controlled the Congress of White House."
Schering-Plough spokesman Steve Galpin said his company has not donated to any presidential candidates. Other drugmakers contacted on this issue - Pfizer and Eli Lilly & Co. - did not comment by press time.
Secondly, the distinctions have blurred between the two parties' relationship with big business. Democrats have traditionally been seen as enemies to the pharmaceutical industry, while Republicans are supposed to be their allies.
"I think what you can say about the philosophical divide is that the Republicans as a party believe in free markets and the Democrats want to socialize our healthcare system," said Barbara Ryan, pharma analyst for Deutsche Bank North America.
But with McCain as the conservative contender for the White House, the issues are no longer black and white. Ryan noted that the current campaign lacks hard and fast party differences in healthcare. In fact, the policies from of Clinton, Obama and McCain are uniformly unfriendly toward Big Pharma.
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