General Discussion

highplainsdem

(48,978 posts) Wed Feb 8, 2012, 11:14 PM Feb 2012

ThinkProgress: Mitt Romney Is Financially Invested In The Birth Control He Seeks To Restrict

http://thinkprogress.org/health/2012/02/08/420990/mitt-romney-is-financially-invested-in-the-birth-control-he-now-opposes/

Now, an examination of Romney’s financial investments reveals that the very same GOP frontrunner who is now petitioning the White House to extend the regulation’s conscience clause and exclude more women from the benefits of birth control is himself invested in and profiting from pharmaceutical companies that produce the frequently prescribed and extremely common medication:

Romney’s Goldman Sachs 2002 Exchange Place Fund, valued at over a million dollars in 2010, brought in nearly $600,000 in gains in 2010 and is invested in:

- Watson Pharmaceuticals: manufacturer of nine forms of emergency contraception (which Romney incorrectly identifies as “abortifacients“).
- Johnson & Johnson: launched the first U.S. prescription birth control product in 1931 and produces various forms of birth control.
- Merck: produces various forms of birth control
- Mylan: produces birth control medication and filed the first application for a generic birth control pill last year.
- Pfizer: a contraception producer that recently had to recall about a million packs of birth-control pills that weren’t packaged correctly.

Romney often disclaims any responsibility for or knowledge of his own investments by claiming that they are held in a private trust. But since filing his legally-required public financial disclosure reports and certifying that the information is “true, complete, and correct” to the best of his knowledge, the trust ceased to be a “blind trust” as he knew what was in it. Romney signed such disclosure forms last August and during his unsuccessful 2008 presidential bid in August 2007.