I Believe Trump Will Stand Against Socialism

I don't know if my readers noticed; but I haven't written in this blog for about a month.  My last post explained that I was beginning to get cold feet concerning Big Pharma and Biotech.  Shortly after I wrote that, I saw a speech where President Trump basically said that he only cares about reducing prices that drug customers pay.  And, he doesn't care at all about Big Pharma and Biotech, except to the extent that they keep on inventing new medicine.

That really scared me!  You see, so much of my strategy since March has been focused on trying to influence and bring about a Capitalist policy that the Trump Administration would embrace.  But, to hear Trump so brazenly endorse socialist price fixing, and, what's more, that he doesn't give a damn about Capitalism in medicine was very alarming.

The next day I sold all my shares in Eli Lilly & Co. (LLY).  The stock hadn't crashed or anything; so I walked away with a decent profit for Covid times.

To summarize a long chain of thinking that I went through after that day; a couple of weeks later, I heard a radio advertisement speaking out against the administration's "socialized price fixing".  It sounded like it was sponsored by a Big Pharma organization.  And, it specifically did not talk about Trump as though he was an enemy.  The script went something like: "Let our guy know that America does not want socialized price fixing".  Then, about a week ago, I saw a short Trump ad on his Twitter account tally through several "pro-Trump" selling points.  Unfortunately, one of them was government-forced, low drug prices.  However, on Monday, I was going through Twitter again; and I saw a new Trump advertisement.  This was a much longer one that included all the major, supposed "pro-Trump" selling points in the last ad--except...the socialized price fixing part was gone!

There was a very famous speech; I think it was one of The State of The Union speeches, where President Trump said: " America will never be a socialist country.".  What I think happened over the last month has been a clash of contradicting philosophies.  Here Trump had already declared he won't stand for socialism.  And yet, he made a mistake of declaring socialist price fixing.  There is no way to keep one's "word" in this situation.  The contradiction has already been made.  The only question is which way to go--socialism, or not socialism.

I'm hedging on a restored Capitalist Trump.  Early in the week, I reinvested in Eli Lilly & Co. (LLY).  Expect to see more blogs in Lilly Fuel in the coming weeks.

Paul Wharton

Special thanks to Eli Lilly & Co. (LLY) for inventing the fuel of my mind