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Reuters: Trump’s genial private meetings with CEOs jar with public attacks

When the bosses of some of the world’s largest pharmaceutical companies headed to Washington in January to meet U.S. President Donald Trump, it had all the makings of a potentially hostile meeting.

Just weeks before, Trump had sent drug stock prices plummeting after accusing the companies of “getting away with murder” by charging too much for medicines.

But the Trump who greeted chief executives on Jan. 31 was a surprisingly genial host who even gave them a personal tour of the Oval Office, according to several participants in the breakfast.

“There is no question that it was better than it could have been or we thought it could be,” said one industry insider familiar with the meeting.

Trump did not repeat his public attacks on the industry. Instead, he focused on “outdated” regulations that drive costs up for drugmakers, according to participants interviewed by Reuters. The CEOs left with Trump’s word that he would streamline regulations and reform the high U.S. corporate tax rate.

An Amgen spokeswoman said Trump made it clear that he wanted to work with the company on U.S. job creation and biotech innovation. Representatives of the other drugmakers declined to comment.

But:

As recently as Tuesday, Trump tweeted he was working on a system to increase competition in the health industry and lower drug pricing, sending pharma shares lower.

The Reuters report shows a number of company share price fluctuations that may have been a result of Trump’s public comments.

“He said one thing for the cameras and the door shuts and then it’s like kumbaya,” said one person who was briefed on a meeting between Trump and a group of CEOs.

“He likes to be seen as engaging and buddy buddy with other big important business leaders,” said this person.

The degree he seems to want to involve himself personally in business matters is unprecedented. It could achieve some positive things but it has significant risks.

Trump’s unpredictability and his different public/private personas could easily result in unintended consequences. Financial and share markets tend to react to uncertainty.

43 Comments

  1. Joe Bloggs

     /  March 9, 2017

    “Trump celebrating International Women’s Day is like Hannibal Lecter celebrating Vegan Awareness Week”

    – Marc Haig

    • Joe Bloggs

       /  March 9, 2017

      “I did try and fuck her. She was married.

      I moved on her like a bitch,

      But I couldn’t get there.

      And she was married.

      You know I’m automatically attracted to beautiful.

      I just start kissing them. It’s like a magnet. Just kiss.

      I don’t even wait.

      You can do anything…

      Grab them by the pussy.

      You can do anything.”

      – The President of the United States of America

      and that’s a fact.

    • Alan Wilkinson

       /  March 9, 2017

      Trumps just a guy who aims to get things done, Joe. Including women it seems, though I’d be looking at actions rather than words if I had to make the judgement call.

      Seems to be too busy to be causing much trouble now though.

  2. Blazer

     /  March 9, 2017

    he did say this when he was doing the Apprentice….’all the women on the show would come on to me,but thats natural,understandable’!

    • Nelly Smickers

       /  March 9, 2017

      Yes but Blaze, it’s no different to when some guy says. “Of course I love you….”, then the next morning he’s gone. You *know* there was nothing meant by it…… time to move on.

      • Joe Bloggs

         /  March 9, 2017

        very sensitive and forgiving of you Nelly…

        Remember that time when trump told his friends re women: “You have to treat ’em like shit”

        Or this pearler from 1994: “I tell friends who treat their wives magnificently, get treated like crap in return, ‘Be rougher and you’ll see a different relationship.'”

        Or Mr “Blood coming out of her wherever.”

        Or Mr “It doesn’t really matter . . . as long as you’ve got a young and beautiful piece of ass”

        Trump respects woman about as much as I respect him.

        • Nelly Smickers

           /  March 9, 2017

          Gosh I don’t know Joe….maybe I’ve just been around Wayne too long 😡

          • Joe Bloggs

             /  March 9, 2017

            ah that Stockholm Syndrome stuff can be a real problem eh Nelly 🙂

            • Nelly Smickers

               /  March 9, 2017

              LOL ❗ Don’t think so Joe…I was actually born here (Levin).
              Funnily enuff though, I do have a really good twitter friend in Sweden.

      • Blazer

         /  March 9, 2017

        well at least …Wayne was a keeper,not just scratching on your window at 3.am for ….months!

  3. Alan Wilkinson

     /  March 9, 2017

    This is an insightful piece on how bureaucratic and legalistic “reforms” supposed to improve accountability actually do the opposite. By transferring decisions to judges ill-equipped and dependent on others for information rather than the administration itself you absolve the administration of responsibility and empower and facilitate abuse:

    https://www.wsj.com/articles/robert-bork-and-the-fisa-follies-1488847359

    • Joe Bloggs

       /  March 9, 2017

      That separation of legislative, executive and judicial powers is a real problem eh Alan. You must really hate check and balances that limit and diffuse power and protect the citizens from tyranny.

      • Alan Wilkinson

         /  March 9, 2017

        It’s a problem when it is counter-productive, Joe, and when the people making the decisions are not the most properly informed or even accountable at all to anyone.

  4. Alan Wilkinson

     /  March 9, 2017

    The biggest news in Washington: Deregulation.

    http://www.realclearpolitics.com/articles/2017/03/08/the_biggest_news_in_washington_deregulation_133278.html

    Everywhere the same bureaucratic disaster.

    • Joe Bloggs

       /  March 9, 2017

      Authored by Betsy McCaughy of whom it has been said:

      A former lieutenant governor of New York, McCaughey (pronounced “McCoy”) is a veteran fixture among the conservative think-tank set. For decades, her specialty has been fighting against health-care reform—Hillarycare in the 1990s and Obamacare more recently. (She is the author of the book, Beating Obamacare.)

      McCaughey’s fierce opposition to the ACA does not, of course, distinguish her from legions of other conservative wonks and activists. What does make her special, however, is McCaughey’s well-earned reputation—across the political spectrum—as one of the most dishonest, shameless, and irresponsible conservative thinkers on the scene today. Plus, she’s a famously narcissistic, self-promoting drama queen. In 2009, I wrote a long profile exploring some of the highlights, and lowlights, of McCaughey’s soap-operatic career. In many, many ways, she should make a glorious fit for Trump World—but not such a great choice for America.

      https://www.theatlantic.com/politics/archive/2016/08/betsy-mccaughey-donald-trump/495758/

      • Alan Wilkinson

         /  March 9, 2017

        The usual Lefty personal attack totally bereft of content on the actual issue. Ho hum, Joe.

        • Joe Bloggs

           /  March 9, 2017

          there’s no a lot else to say about the Blue State Sarah Palin, Al.

          She relies on self-dramatising and erratic reactionary polemics, which is why that scion of the Republican Party, George Pataki, labelled her as a disloyal, self-promoting, “unstable,” “paranoid” “ditz.” (Pataki’s chief spokesperson, Zenia Mucha, was an especially harsh detractor, once musing, “How do you describe someone who is too bizarre to describe?”)

          And then there was Gail Wilensky, the health economist who works for Republican administrations and candidacies who said of McCaughy “It’s very frustrating to see somebody who makes outrageous statements that bear no relationship to reality receive so much attention.”

          https://newrepublic.com/article/69929/no-exit

          It seems that the tactics of the “usual Lefty personal attack” as you so blithely and mistakenly describe it, are also those of the rabid right as well.

        • Joe Bloggs

           /  March 9, 2017

          Ho hum indeed Alan… but I would like to acknowledge your wonderful use of one of trump’s favourite rhetorical tricks, the old Number 6: “I Know You Are, But What Am I?”

          Unpicking your rhetoric, the “real issue” is not the questionable validity or the unreliability of Betsy McCaughey’s bloviations, oh no. The “real issue” is that someone dares to question her competence as a commentator on economics and other arcana.

          Devon Nunes used the same rhetorical trick to divert attention to the ‘real’ bad guys – not the lying Flynn, but those who exposed his deceit.

          Yeah well, keep practicing and good luck with your rhetorical tango.

          http://www.politico.com/magazine/story/2017/03/the-trump-surrogates-8-favorite-rhetorical-tricks-214879

          • Alan Wilkinson

             /  March 9, 2017

            Deflection via resorting to personal attacks is not a real issue, it’s just your issue, Joe. Get over it and do better.

            • Joe Bloggs

               /  March 9, 2017

              That sounds much like the old Number 2. The Kellyanne Escape Asana

              Only the irony here is that you exhibit the very issue you accuse me of – deflection via personal attacks

            • Alan Wilkinson

               /  March 9, 2017

              Just pushing you down the hole you’ve dug, Joe.

    • Joe Bloggs

       /  March 9, 2017

      and a little more sunshine on Betsy McCaughey’s dubious distinction as a serial misinformer:

      McCaughey, a former one-term lieutenant governor of New York, has no background or experience in economic policy but gained considerable acclaim in conservative media in 2009 when she alleged that the Affordable Care Act (ACA) or “Obamacare” would create “death panels” to ration care for sick and elderly patients. PolitiFact awarded the “death panel” charge the inglorious honor of Lie of the Year.

      Since sparking the death panel myth in conservative media, McCaughey has been a frequent and outspoken critic of the Obama administration.

      In 2014, McCaughey became a go-to expert for right-wing outlets hoping to stoke fear about the spread of Ebola in the United States.

      She has also never quite given up on her bogus lie that Obamacare would create “death panels” that enforce end-of-life decisions for American citizens. When confronted with her lies on the September 11, 2014, edition of The Daily Show, McCaughey walked off set rather than face further questioning

      https://mediamatters.org/blog/2016/08/11/trump-names-serial-misinformer-betsy-mccaughey-economic-advisory-council/212342

      The woman has an undergraduate degree in history. Her post-grad work is in Constitutional history. In other words, she’s not an economist. She just gets paid to spew whatever the highest bidder wants her to say.

  5. Zedd

     /  March 9, 2017

    A totally inexperienced ‘politician’ is still sitting in the oval office… “believe it or NOT” 😀

    a majority of Americans, supposedly do not support him.. so WHY is he really there ?? ‘money, money, MONEY.. must be funny.. in a rich mans world.. aha..’ :/

    • Alan Wilkinson

       /  March 9, 2017

      Except that Clinton vastly outspent Trump and lost. And:

      While President Trump’s approval rating remains a statistical tie, for the first time in several weeks, his actual approval score exceeds his disapproval rating. 48% approve of President Trump, with 46% disapproving. However, when drilling down to the specifics, Trump is doing well on some key issues: over half approve of his handling of jobs and the employment (57%), 56% approve of his actions on the economy. Where Trump is weakest on the issues are the environment with only 42% approval, and the way he ‘treats people like me’ coming in at 44% approval.

      http://www.ipsos-na.com/news-polls/pressrelease.aspx?id=7592

  6. Joe Bloggs

     /  March 9, 2017

    Spicer is a truly bloviating gibbon…muddled and spinning like a top in his latest presser

    https://www.theguardian.com/us-news/2017/mar/08/trump-wiretapping-obama-russia-sean-spicer-response

  7. Alan Wilkinson

     /  March 9, 2017

    this is a Saint Vitus’ dance of the old Democratic Party. It is responding to the specter of its unimaginable enemy about to try to dismantle the tyrannies of the teachers’ unions, the climate-change frauds, the Democratic welfare-for-votes dispensary, the Obamacare monstrosity, the sanctuaries for the electoral harvest of illegal migrants, and the Wall Street fiscal massage parlor.

    Mr. Trump’s success in all these ambitions is far from assured. The Republican Senate majority is hostage to some vulnerable egos that were battered by the Trump campaign for nomination, including those of Senators Rubio, McCain, Graham, and Paul. Some of the abrasions of the past two years were painful, but presumably Republican senators can be appealed to on some materially sweetened version of the national and party interest.

    Mr. Trump will earn his spurs, or not, as an LBJ-style legislative dealmaker, but it will be difficult in the atmosphere created by his assault on the entire political class and almost everyone in Washington, both parties and elected or unelected. The war he began rages on.

    http://www.nysun.com/national/could-prosecutors-turn-against-the-clinton-camp/89921/

  8. Alan Wilkinson

     /  March 9, 2017

    This one’s for Gezza. As the war intensifies, the nation separates into its camps:

    https://fivethirtyeight.com/features/purple-america-has-all-but-disappeared/

  9. Joe, you are getting a bit tedious and repetitive. For instance, you repeating of the ambush TV discussion videod when Trump was years away from campaigning was researched by a paid investigator and simultaneously published in all forms of the MSM. It was a deliberate and planned action by the Democrats to denigrate Trumps character during the campaign.

    He admitted his words were unthinking and his wife let him know that in no uncertain terms. Then we have the Steele Report. Commissioned by the Democrats and written by a former MI6 agent to maximise the vilification of Trump’s character. If you read it, it is written in a way to maximise suspicion but minimises believable evidence. The golden shower imagery was straight out of a B class Movie plot of the worst kind.

    Having spent some time in Moscow during the USSR period, I can tell you any businessman or woman from the West was routinely warned about “honey traps and the KGB/GRU’s predilection for videotaping and sound recording all conversations by westerners in the hotels etc. Steele’s report was a useless summary of what to avoid, not a report of Trump’s actual activities in Moscow. Oh, and did I not read somewhere that Trump has said he never went to Russia or has had any business with Russia?

    Now as far as I can see, we have the situation where the media is back-peddling furiously away from the from Russia with love story about Trump. Why, because people are rebutting the claims and concluding “no evidence exists’ “not a scintilla of evidence” for the claims that Trump are any of his associates dealt with Russia including Flynn and Trumps AG!

    Indeed, I have just seen on TV a member of Obama’s staff confirming that Trump was bugged. She could not name who signed the FISA arrant and confirmed the “phone tapping” had occurred. It is all unwinding now as the MSM tries to deflect the blame for the biggest political stuff up, and are now looking at Clinton and Obama to apportion responsibility for it.
    The Obama White House staffer also said of course Obama knew about the wiretaps. Her words, not mine.
    But instead wr get a recital of the old news that has been well and truly repudiated and I have to ask where have you been in the last week Joe? Getting your writing instructions?

  10. PDB

     /  March 9, 2017

    Women across America don’t bother to go to work to prove what good workers they are……..http://time.com/4695840/womens-march-arrests-trump-hotel/

    All for pay equity and the like but this is just left-wing political propaganda masquerading as female equality.

    “But for those who are planning to strike, the Day Without a Woman signals a change in the meaning of International Women’s Day, which has traditionally been more about “raising awareness” than direct political action. “International Women’s Day had unfortunately become an anodyne ‘happy happy’ thing, and not really focused on the need for political power,” says Terry O’Neil, president of the National Organization for Women. “Political, policy-focused feminism is coming to the fore, and it’s hugely popular among women.”

    http://time.com/4694185/womens-strike-day-without-a-woman-labor/

  11. Duperez

     /  March 9, 2017

    According to an article on usatoday.com Trump visited Russia. More than once. So it is likely BJM you have heard him say he hasn’t been there.

  12. Conspiratoor

     /  March 9, 2017

    Interesting graphic. Winners and Losers – obummacare vs trump’s tax credits. Looks like the elderly without means are mildly rooted..

  13. The Trump White House have “strong confidence” that the DOJ will validate Trump’s assertion of surveillance during the 2016 Campaign. Today’s announcement by White House Press Office.