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The drug companies sell out

By Michelle Malkin  •  June 22, 2009 12:35 PM

Photoshop: The People’s Cube

The drug companies have cut a deal with President Obama to help fund his government health care takeover.

In other words: They are subsidizing their own demise.

I have no sympathy for industries willing to collaborate with their own worst enemies.

Don’t come crying when Obama limits your salaries, fires your CEOs, and interferes with your ability to innovate and make profits.

You deserve what you get:

President Barack Obama says the pharmaceutical industry’s agreement to help close a gap in Medicare’s drug coverage will make health care overhaul more possible.

Drug companies have pledged to spend $80 billion over the next decade to help reduce the cost of drugs for seniors and pay for a portion of Obama’s proposed revamping of health care. The deal was struck with Sen. Max Baucus, D-Mont., the chairman of the Senate Finance Committee, as well as the White House.

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