Last night, Byron Dorgan gave his first interview since announcing his retirement, and in that appearance with Ed Schultz, he made two policy vows. First, he said that he would pursue his bill to allow for the safe reimportation of prescription drugs from abroad, and that he would get it passed in 2010:
DORGAN: Well, try as you might, I’m not going to tell you I’ve got a bad taste in my mouth. You know what I’m going to do? I’m going to get that amendment passed. That’s $100 billion in savings to the American people. We’re going to get that passed this year. And I tell you, it didn’t get passed in health care for a lot of reasons and a lot of strange bedfellows but I’m going to get it passed this year in the United States Senate and save the American people $100 billion on their pharmaceutical bill because we shouldn’t be paying the highest prices in the world for brand name prescription drugs. That’s outrageous, in my judgment.
This falls under the category of “don’t mourn, organize.” The more Dorgan keeps up the public pressure on what was obviously a crooked deal with the pharmaceutical industry, the more chance there is to reach a critical mass where his bill has to get another hearing in the Senate. With 2009′s calendar not likely to get finished, well, ever, I’m not sure it gets on there by the end of the year, but it’s nice to see Dorgan still committed to it.
The more interesting policy point he made was about Federal Reserve Chair Ben Bernanke and his upcoming confirmation vote:
DORGAN: Well, this is going to be one of the big issues right at the start of this session, is financial reform. And Wall Street’s right back in the same old swamp, doing the same things. And with respect to the Federal Reserve Board, you know for the first time in history they said to the big investment banks, you can come and get direct lending from the Federal Reserve Board. We’re trying to find out from the Fed, who’d you give the money to, how much money did you give? My point is, what did you do with our money? And the Federal Reserve Board says “none of your business.” Well, I tell you what, it is our business, and I’m not going to let the Bernanke nomination to head the Fed for another term go through until he tells, what did he do with our money, the American people’s money? So we’ve got a lot of things to work on here, and as I’ve said before, if you’re too big to fail, you’re too big, in my judgment. Because that’s no-fault capitalism, and we shouldn’t continue with it.
This is not materially different from what the several other Senators who have put a hold on Bernanke’s confirmation have been saying – they would allow a vote only after they get some more transparency, through an audit of the Fed or something else, of the trillions of dollars in lending that it has been doing since the beginning of the financial crisis.
Obviously, there’s not a real difference between one hold and five or six, which is what we’re up to (Bunning, DeMint, Vitter, Sanders, perhaps Kyl, and now Dorgan). But it suggests a bipartisan level of objection to the nomination (you can add in Jeff Merkley) which is growing, if anything. If 41 votes can be massed against Bernanke, under current rules, he would be stopped from another term. I don’t really like the current rules, but that’s the way the Senate works now, and so that’s the threshold for Bernanke.
It has taken months for Harry Reid to move nominations with various holds on them, and still many of them have not received their vote, from TSA Administrator nominee Erroll Southers to OLC nominee Dawn Johnsen. We’ll see if he accords the same level of respect to a now tri-partisan group of Senators objecting to the nomination of Ben Bernanke without transparency from the Federal Reserve.





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If Dorgan truly believes in reimportation he should stay in the Senate until it gets done. As it stands, sold-out Senators just need to prolong the debate until 2011.
Drug re-importation is a gimmick for the spineless that will not work.
Drugs are cheaper in Canada, Mexico and Europe for 2 reasons.
1 – Foreign governments negotiate with the drug companies. If you want to sell your product here, you can’t charge more than this much.
2 – Drug companies are willing to accept #1 because they make most of their profit selling at inflated rates to the US. Drug companies can accept 10% profit on Canadian sales because they make 100% profit in the US.
You’re spineless if you won’t do #1 in the US, and you break the system if you re-import. Prices may come down a little in the US, but will go up wherever you try to re-import from.
Well, as I recall, there were several Repub Senators who professed to be in favor of reimportation – as any with large numbers of Senior Citizens in their state should be – so maybe Dorgan has counted some noses already.
I saw an interview on Countdown with Ed afterward. He may be running for Dorgan’s senate seat. Any implications to this move?
I agree. Drug reimportation is for weenies. Either do it (your #1) or forget it.
Last I heard, Ed doesn’t pass the residency requirement.
I watched the Bernanke confirmation hearing. All but 2, or maybe 3 of the senators were slavish flatterers. No way Bernanke won’t get reappointed, and no way he’ll come clean on what he did with the money.
If 41 votes can be massed against Bernanke, under current rules, he would be stopped from another term.
I fully expect that even if 10 Democrats move to oppose, 10 Republicans will vote to approve. The fix is in.
That said, good on him for doing the right thing. I’m just sorry he thought he had to retire to oppose Bernanke. That’s an indication of the power Wall Street has over the Senate and in directly of the hold Wall Street has on the White House and the current power the White House has over the Senate.
Did you hear, BTW, that Joe Lieberman opposed the public option and the WH couldn’t do anything about it? Terrible.
max
['Couldn't do a damn thing.']
Silly Wabbit, holds are for corporate senators.
Facilitating and presiding over the largest socio-economic disparity in the nation’s wealth.
Dorgan is going to offer this as a separate item independent of the healhcare bill. That will put people on record as favoring or opposing the reimportation, something obscured in the healthcare debate with the “need to pass a bill” and so on.
Dorgan is free now to break with the White House and the leadership in order to get this done. In a sense, retiring puts him in the same position to affect things as Bernie Sanders. Gonna be hard to ignore him if they try to wait him out.
Schultz was emphatic that he was not running. He no longer lives in the state. He told Keith that he was in a different place in his life and that he was NOT running.
Current info on Ed. He does pass the residency requirement contrary to what he said on Tuesday’s MSNBC show. To run for Congress (Senate included), you need only to be a resident of the state (no time requirement); it’s why Hillary was able to run in New York (and Bobby Kennedy for that matter). A state Democratic official contacted Ed Schultz and asked if he would consider it. He’s considering it, but most likely likes his perch at MSNBC. But ND Dems are getting fired up; see Prairie Sunshine’s Seminal diary about this.
When is the LaRouche bunch going to take on Republicans? There are a lot of good corporatist Republicans unlikely to get an establishment Democratic challenger.
One of the reasons for so much corporate control over congress is corporate personhood. Corporate money should not be considered the same thing as speech. I know this has been discussed before on this site, but it needs to be repeated over and over until America gets it.
Already got your 2010 calendar? Take a look at this one. Somebody earlier quoted Joe Hill, “Don’t mourn, organize.” Yep, it’s the only way we’re gonna accomplish anything.
It comes from the Center for the Study of Political Graphics. Too kewl.
The only way Bernanke pulls together a shred of dignity is by comparing him to the some of the people that might replace him. Bernanke represents the decay model of redistribution of the nations wealth to the monied class. Pull a board at-a-time off and hand it over. Summers, or worse yet Rubin, would really raze the roof. Obama’s best protection for Geithner and Bernanke is probably his replacement players.
You want problems? I’ll give you problems.
Please, lets cut Dorgan loose. He had been through 40 years of this political meatgrinder and now wants his freedom. Besides, his pension is just as good as working full time. Ed is a little slow about who Al Qaeda is. On Morning Joe today, Ed mentioned that Al Qaeda wants to take our freedom and liberty away from us. Perhaps Ed was referring to Al CIA Dah.
Ding.
Might be great to see Dorgan (and, to a lesser extent, Dodd) freed from re-election constraints and the White House pressure that goes with them.
That’s a state constitutional requirement which doesn’t apply to federal offices.
Not interested in LaRouche press releases, thank you anyway.
Don’t bring that stuff around here, okay?
His exact words were that it was “premature” and that he was “not considering” running. Not in any way the Sherman-esque statement you present.
Guest on DN was saying that they’ll now probably work for their big donors without the worry of pressure from anybody. They’re gonna work for the ones who are gonna be cuttin’ their paychecks next year. That ain’t us.
That’s entirely possible.
One more instance of “we’ll just have to wait and see.” Gettin’ tired of that shit. These people wouldn’t say “shit” if they had a mouth full.
Does this put the question to Obama? I would think it puts it to the Fed. Who has leverage over them?
Either Dorgan’s a real Democrat, or we need a third party where a man like him would be at home.
Please help out by calling Patty Murray (202-224-2621) & Maria Cantwell (202-224-3441) from Washington state and ask why they BOTH voted against Dorgan’s drug reimportation amendment.
What you say is, of course, true–up to a point. But Mr. Dorgan is a politician and a decent one. So I expect that he looks for the best political solution that will acheive a decent result.
I see the political calculus as follows: [a] Letting the government negotiate prices in this country is politically hard. [b] NOT allowing importation of cheaper drugs from abroad is, potentially at least, even harder. So Mr. Dorgan has chosen [b] as the the line of attack that presents the fewest difficulties to proponents of reform and the greatest obstacles to reform’s opponents. Americans can’t seem to understand the ideas of collective bargaining or government bargaining. But, in the post-NAFTA years, the public has a very clear–if flawed–understanding of a protectionism that prevents them from buying drugs at a lower price in a neighboring market. Protectionism has been declared bad by the defenders of Big Pharma. So the “moderates” and conservatives can only oppose Dorgin by hypocritically advocating a protectionism they reject in all circumstances that do not benefit specific private interests that have given them money. The safety gag is so laughable that I don’t think it is viable in open debate.
Politically, Dorgin’s approach strikes me as a fine blend of political calculation and moral clarity.
Just another step in the game. Gets us international allies who can bring pressure on the administration to act – in ways that “we the people” never could. Do you think Canada is going to sit by and let our policies destroy their economy without taking proactive measures to pressure a systemic change?