We received wonderful news earlier this week when the Supreme Court upheld the ban on partial birth abortions. This was great news—a life-affirming decision banning a truly appalling procedure. It scored a big, much-needed victory for the life of the precious unborn.
There was another, less visible piece of good news out of Washington this week. Namely, Democrats don’t have the votes to affect government sponsored price controls for drugs. Score it capitalism 10—socialism zero.
The lack of votes is one reason why pharmaceutical stocks are doing well, in addition to their good earnings reports.
Stopping socialist price controls and promoting the sanctity of life for the unborn are economic and cultural victories. Make no mistake about that.