Chart of the Day: The Trump Plan for Prescription Drugs

After griping for hours about President Trump’s upcoming speech on reducing prescription drug prices, you’d think I’d at least listen to the damn thing and then comment on it, wouldn’t you? I guess so. That would be the fair thing to do.

But here’s the thing: Sometimes I get tired of being sucked into long, dry analyses of Republican plans that we all know perfectly well are meaningless. Someone has to do it, and very often that someone is me. It’s my role in the vast politico-industrial complex, after all. But seriously, who cares? Trump himself barely understood what he was reading, and whatever it was, Congress is going to ignore it. Plus it’s Friday, and I’m tired. So fuck it.

Besides, there’s really no need for all that work. There are hundreds of analysts out there who know more than me about this stuff, and they render instant decisions on it via the stock market. So if all you want to know is whether Trump’s plan is good for consumers or good for pharmaceutical companies, just check out how pharmaceutical stocks did as Trump was delivering his speech. If stocks went down, that’s good news for consumers. If stocks went up, it’s good news for drug companies.

Can you guess which way pharmaceutical stocks went? Huh? Can you?

THE TRUTH IS...

what drives Mother Jones' team of 50-plus journalists. The truth is powerful, as evidenced by how hard those with something to hide, or profit to gain, seek to discredit it. The truth, stated boldly and reported meticulously, is what draws so many readers to Mother Jones.

And the truth is, going into the final 4 days of the year we still needed to raise $TK to hit our $350,000 goal and start 2021 on track. It's nerve-wracking, wondering if the big spike we normally see at the end of December is going to be another thing that doesn't go as planned in 2020, or worse, if, now that Donald Trump is set to leave the White House (for longer than a taxpayer-funded golf trip to a property he owns), folks might be pulling back from fighting for the truth and a democracy and think the hard work is done.

It's not, and if you can right now, please consider a year-end donation to support our team's fearless nonprofit journalism so we can close that big fundraising gap and finish the year strong, ready for all that's ahead in 2021. Whether you can give $5 or $500, it all matters in keeping us charging hard, and we'd be grateful.

payment methods

THE TRUTH IS...

what drives Mother Jones' team of 50-plus journalists. The truth is powerful, as evidenced by how hard those with something to hide, or profit to gain, seek to discredit it. The truth, stated boldly and reported meticulously, is what draws so many readers to Mother Jones.

And the truth is, going into the final 4 days of the year we still needed to raise $TK to hit our $350,000 goal and start 2021 on track. It's nerve-wracking, wondering if the big spike we normally see at the end of December is going to be another thing that doesn't go as planned in 2020, or worse, if, now that Donald Trump is set to leave the White House (for longer than a taxpayer-funded golf trip to a property he owns), folks might be pulling back from fighting for the truth and a democracy and think the hard work is done.

It's not, and if you can right now, please consider a year-end donation to support our team's fearless nonprofit journalism so we can close that big fundraising gap and finish the year strong, ready for all that's ahead in 2021. Whether you can give $5 or $500, it all matters in keeping us charging hard, and we'd be grateful.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate