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Wingnut Fail Continues: Power Line Insists GW Bush Issued 'Easter Proclamations'

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Killgore Trout4/26/2011 11:17:33 am PDT

Ed Morrisey has a howler up today..
Obama administration attempting to force out CEO over marketing violations


The Department of Health and Human Services notified Forest Laboratories that it plans to blacklist CEO Howard Solomon from doing any business with the federal government, a status that would effectively lock out Forest from any government contracting:

In other words, the government has decided to arbitrarily decide on punishment without any due process in regard to the individuals involved. The Obama administration wants the power to dictate to the private sector who can and cannot run firms that do business with Washington. I’m not sure even Ayn Rand predicted that in Atlas Shrugged.

It’s not difficult to see where this will lead. Firms of insufficient political correctness — or insufficiently supportive of the President and his political cronies — can expect to get the Solomon treatment. Those that pay homage to the agenda of the ruling class, or pay cash to its campaigns, will almost certainly get a pass.


Here’s the real life John Galt in action:Forest Laboratories

Tax Evasion

On 13 May 2010, ABC news and Bloomberg business news have reported the organization “dodges taxes” by moving its profits offshore with currently legal practice known as transfer pricing. U.S. Senator Carl Levin of Michigan has called transfer pricing, “the corporate equivalent to secret offshore accounts of individual tax dodgers.”[3]
[edit] Fraud

In September 2010, Forest Laboratories, Inc. and Forest Pharmaceuticals, Inc. (a subsidiary of Forest Laboratories) agreed to pay more than $313 million to resolve allegations of civil and criminal liability relating to obstruction of justice, the distribution of an unapproved new drug, Levothroid, and the illegal promotion of Celexa for use in treating children and adolescents.[4]
[edit] Celexa and Lexapro

Forest Laboratories has illegaly promoted the drugs Celexa and Lexapro for unapproved pediatric uses in treating depression.
[edit] Levothroid distribution

Forest Laboratories has distributed Levothroid in violation of the Food, Drug, and Cosmetic Act (FDCA).

Corporate profits end up in Forest Labs’ Bermuda “subsidiary,” a facility that consists of a secretary in a law office in a country with no corporate tax.[5]