Monday, October 29, 2012

Thompsons Cash In With Company That Harmed Thousands Of Women

In my last post, I pointed how Tommy Thompson is suffering a self-inflicted political wound when his attack on Tammy Baldwin backfired badly. In said post, I pointed out how Thompson profiteered at the expense of volunteers who went to New York City after the 9-11 attacks.

Today, the Democratic Party of Wisconsin has come out with a ton of evidence that Thompson also profiteered via a company that has caused irreparable damage to thousands of women across the country.

Long story short, Thompson joined the board of C.R. Bard in 2005 as a "volunteer" status. That volunteer status ended quickly when the company gave Thompson 1,200 shares of its stock, a value of about $120,000. In fact, Thompson was given almost $1,500 this month alone in dividends from the company.

If you watch a lot of TV, you might recognize the company's name. They've been involved in numerous law suits across the country for faulty medical products, transvaginal mesh implants and hernia mesh implants, and are paying out $184 million in damages and fines. While that would be a helluva lot of money for you or me, it's not even a drop in the bucket for this company, There's been commercials from law firms involved with these cased trying to cash in on these lawsuits.

In return for their largesse, Thompson's been touting that companies, like C.R. Bard, should be allowed to bring their billions of dollars of profits back from the Cayman Islands (Hello, Mitt Romney!) tax free.

On the "bright side," Thompson does believe in sharing the wealth - with his racist son. He made sure that his son, Jason "Kenya dig it?" Thompson also cashed in by getting in on some stock options for work he allegedly did, per Thompson the elder, for an unnamed third party.

Yeah, right.

So, in a nutshell, both Tommy Thompson, and his son, Jason, got lucrative stock deals from a company that made faulty devices that have caused serious harm to thousands of people. In return, Thompson the elder has advocated that the company be allowed to keep their ill-gotten blood money tax-free.

And what of the people that were so harmed for life?

Well, I'm sure if Thompson had a brief moment of honesty and morality, he would agree with analyst Debbie Wang, who called the pittance of a pay out "a cost of doing business."

It's past the time to put Thompson out to pasture on his farm in Elroy.

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