A company controlled by a longtime political donor gets a no-bid contract to supply an experimental remedy for a threat that may not exist.| Submit your comments on this article |
| -Lurid Crime Tales- |
| Cost, need questioned in $433-million smallpox drug deal |
| 2011-11-13 |
| A company controlled by a longtime political donor gets a no-bid contract to supply an experimental remedy for a threat that may not exist. |
| Posted by:Fred |
| #10 The company that received the boodle may indeed be legitimate. Nothing about the drug they purport to offer, however, seems legit. Some MDs who have expertise in smallpox have gone on record saying it's a waste of time and money. My hat is still empty. None has contributed a penny. |
| Posted by: Anguper Hupomosing9418 2011-11-13 18:15 |
| #9 I have nothing to gain from this contract being awarded to any specific company. Nor would I likely benefit from the availability of the vaccine in the future, having already been vaccinated against this particular disease. Further, I am happy to entertain criticism for the award to this company in particular. However, smallpox is bad; it has been weaponized in the past; there are lots of unvaccinated people in the U.S. Therefore, this contract should be awarded to someone to make a stockpile of the vaccine to be able to protect our younger citizens. That 0 finally got this done is a good thing, and that he awarded the contract to one of his buddies is probably unavoidable. I bet every company qualified to do the work has a guy on the board whose job is to be the big donor to Democrats and another whose job it is to be the big donor to Republicans. Like I said above, at least we got something for our $$, instead of nothing. |
| Posted by: rammer 2011-11-13 17:50 |
| #8 The company that got the small pox therapy award is a legit company that has been in biz for quite a while. The company hit $14 a share when the award was announced many months ago but sunk to about $3 a share when the Administration delayed and delayed execution of the award (because it is a reimbursement basis contract). The delay required the company to undertake a variety of difficult financing actions that depressed the income statement, cash flow, etc. Because of the delay, it is reasonable to criticize Obama for hurting the company rather than helping it. |
| Posted by: Lord Garth 2011-11-13 16:55 |
| #7 I have returned after a couple of hours and have found that my hat is still empty. Is no one willing to contribute to this boondoogle? Cheap b******s! |
| Posted by: Anguper Hupomosing9418 2011-11-13 12:46 |
| #6 #2 OK, I see. As long as you are getting YOUR pink pony, corruption is fine and dandy. You able to sleep with that conscience? |
| Posted by: no mo uro 2011-11-13 11:01 |
| #5 What we are getting for Zero's $433 billion is an untested and untestable remedy for a possible terror attack that we already have a proven prophylactic for. How much would you as a taxpayer be personally willing for fork over for that [and here imagine I am now passing my hat for the collection of same.] |
| Posted by: Anguper Hupomosing9418 2011-11-13 10:31 |
| #4 That would have made Solyndra go bankrupt even sooner. Solyndra's costs were twice what they were getting for the product. By "loaning" taxpayer money and illegally subordinating government claims behind those of investors, it was a pure payoff to make politically connected investors whole while foisting the cost bankruptcy upon taxpayers. I'm looking forward to a lot of folks (Solyndra and gov) going to jail for their theft of vast amounts of tax dollars. Unfortunately, I think the governing class is too far gone down the path of corruption, no matter which party is in power. |
| Posted by: Eohippus Phater7165 2011-11-13 09:58 |
| #3 I don't understand why the white house went to the mat to get solyndra loan money, when they could have just bought their stuff. Really? You don't understand! It is called GRAFT. What percentage of those loan guarantees found their way back into Obama and crews pockets? |
| Posted by: Secret Asian Man 2011-11-13 09:35 |
| #2 Oh, please at least we are getting something for our half a billion. And smallpox is bad. I don't understand why the white house went to the mat to get solyndra loan money, when they could have just bought their stuff. Then at least they could point to some solar cells on some buildings, instead of nothing. In this case they will have something, and some people (like me) will value that something even if it was expensive. |
| Posted by: rammer 2011-11-13 09:00 |
| #1 Doling out of favors to big contributors for this sort of thing, and I guarantee none of the OWS crowd will protest at Perelman's homes and the MSM amd NPR will not even mention this. We're on our own, folks. |
| Posted by: no mo uro 2011-11-13 08:13 |