Taxpayers Paid Millions to Design a Low-Cost Ventilator for a Pandemic. Instead, the Company Is Selling Versions of It Overseas. | Talking Points Memo

This story first appeared at ProPublica. ProPublica is a Pulitzer Prize-winning investigative newsroom. Sign up for The Big Story newsletter to receive stories like this one in your inbox.


This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=1300737

Waiting to see how Trumpers blame this one on Obama. Oh wait they’ll all be dead, nevermind.

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“Even if a few months ago we had taken dramatic action to develop these kinds of ventilators, it would have been better,” said Hick, the emergency medicine specialist in Minnesota. “If I had a ventilator that cost $4,000 rather than $16,000, I’d be in better shape.

Indeed…meanwhile, Trump Regime is competing against the governors in acquiring ventilators!

Since they are in negotiations with Kushner, how much are they contributing to Covidiot Trump’s campaign funds, that Trump can later launder through his biz like he did in 2016?

Trump and RethugniCONS…the Greed-Over-People Party and the CORPORATE SOCIALISTS!

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Filthy lucre.

Remember that, when we think of the Trump Regime:

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<bb;dr>

Blood boiled; didn’t (fully) read.

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Nationalize them. Go full Aneurin Bevan on their asses.

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And try managment for crisis profiteering.

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I feel like this is the story with a lot of new drugs too. Government pays for a lot of research, then some drug company takes off gets a patent and make millions off of it. And on the other hand the drug companies also don’t have to pay for research that goes nowhere.

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I hope ProPublica gets a seat at the prosecutor’s desk at the Trump Pandemic Tribunals…

They got the goods on Donnie…

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All hail the Invisible Hand.

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I like the cut of your jib!

Before the financial meltdown in 2008, I bought stock in a South American steel company. Hugo Chavez nationalized it in 2009. I actually made a very nice profit because he was pretty fair to shareholders with the compensation package. When everyone panicked and sold on the rumor, I bought more very cheaply.
This is the company:

The government paid $2 billion in 2009 for Argentine-led Ternium SA’s stake in Venezuela’s largest steel mill.

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This is why we must hold the House. Investigate. Investigate. Investigate.
Why weren’t these available? Who’s gouging whom?
The NYT had a story a couple days ago about a small California company that had a government contract to design and build an inexpensive vent. The design was approved. Then the small company was swallowed by a big medical equipment international and the small, inexpensive vent disappeared into the either.
Go figure.

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If you are willing to die for capitalism now is your chance.

It is also yur chance if you are not.

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The Hand of Kushner is often inserted into these public-private “partnerships.” And somehow nothing is produced by the money doled out.

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Good old capitalism. Henceforth, all ventilators will sell for between 15-20 grand. Because pandemics.
If Elon Musk ever makes one, it will sell for 5 grand more than any other ventilator.

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But it will be battery powered, and will run for a week on a single charge…

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And it will weigh over a thousand pounds?

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But “corporations are people”. Too bad corporations don’t die as easily as people.

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And will have a shatterproof cough shield that breaks when you bump it…

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“It is difficult to assess how much profit motives might be driving Philips’ decisions about which ventilators to produce because the company does not disclose how much it charges different clients for commercial models.”

I think you can start with the assumption that it is 100%.

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