Democrats win, the nation loses

[mahatmakanejeeves]

This editorial was the numero uno hit at Google news when I checked this morning for Webb-Virginia senator news.

Democrats win, the nation loses

Democrats win, the nation losesJosh Levy, Opinion Columnist

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On Wednesday evening, the Associated Press declared Jim Webb the victor of the Virginia Senate race and within minutes, stocks plunged. Congresswoman and soon to be Speaker of the House Nancy Pelosi's, D-Calif., domestic agenda for Democrats might explain why. She has talked repeatedly about raising the minimum wage, "negotiating" drug prices with pharmaceuticals, and raising taxes. Rep. Charles Rangel, D-N.Y., who will become the nation's top taxwriter as chairman of the House Ways and Means Committee, told The Wall Street Journal that "ending tax shelters for companies that move American jobs overseas" is one of his top priorities. So the self-proclaimed party of social justice wants to make the poor poorer.
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So, in a few years when generic drug companies and their swathes of lawyers wrestle patents away from pharmaceuticals, there will be that many fewer new drugs.
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Josh Levy's column appears Mondays in The Cavalier Daily. He can be reached at [e-mail].

Some fact-checking is needed. First, when did AP declare Webb the winner? Was it after the NYSE had closed for the day? I do not recall that stocks plunged that day.

Second, when did Nancy Pelosi talk repeatedly about raising taxes?

Third, don't patents expire, as opposed to being wrestled away?

Finally, why is this guy in school instead of 5,000 miles to the east?

There are two students at UVa named Josh Levy. One is a law student; the other is an undergrad. I suspect the undergrad is writing for the CD.