Revolving door at Calif. stem cell institute

Why can’t we be friends and share in the pork?
Trounson

Trounson

The following comes from a July 12 article on CalWatchdog.com by John Seiler.

While governor, Arnold Schwarzenegger loved to tout “public-private partnerships”; another phrase for which is “crony capitalism.”

One such partnership he backed was Proposition 71 back in 2004, which allocated $3 billion to fund stem-cell research. Except that, with interest, the payback amount to taxpayers is $6 billion. Those were the years when Arnold, who was elected to get control of the “crazy deficit spending,” as he called it, instead went on a wild spending binge, for which we’re still paying through tax increases.

In 2013, the Los Angeles Times reported on a study of the Prop. 71 spending by the Institute of Medicine, part of the National Academy of Sciences:

“After 17 months of deliberation, the panel, which was chaired by Harold Shapiro, a former president of Princeton University, concluded that the [California Institute for Regenerative Medicine] board members were saddled with ‘almost unavoidable conflicts of interest, whether actual or perceived.’ That’s because by law, 23 of the 29 members must be representatives of California institutions eligible for [institute] grants or of disease advocacy groups with their own interest in steering money toward their particular concerns.”

Now this, which the U-T San Diego reported on July 9:

“The former head of California’s stem cell agency, which is handing out $3 billion of voter-approved funds for research, has joined the board of a major grant recipient one week after leaving his post.

“Alan Trounson, the former president of the California Institute for Regenerative Medicine, has joined the board of StemCells Inc., the recipient of $19.4 million from the agency.

“The agency has been grappling with potential conflicts of interest, some of which are built into its governance under Proposition 71, approved by voters in 2004. The institute paid $700,000 for a report last year making recommendations on how to mitigate conflicts.

“Trounson’s move has reignited debate over the issue.

“’The announcement raises serious and obvious concerns on a number of fronts,’ Chairman Jonathan Thomas wrote to his colleagues on the institute board. ‘Under state law, however, it is permissible for Dr. Trounson to accept employment with a CIRM-funded company. Nonetheless, state law does impose some restrictions on Dr. Trounson’s post-CIRM employment activities.'”

Actually, this is just the typical government-crony capitalist “revolving door.”

Back in 2004, I wrote several editorials for the Orange County Register against Prop. 71, warning that this would happen. The voters instead decided, as his slogan put it, to “Join Arnold.”

Too bad we can’t just repeal everything he did in his seven years as governor.

To read the original story, click here.

To add a comment, click on Facebook, Twitter, Google+ icons OR go further down to the bottom of comments to the Post your comment box.

Comments

  1. Melinda B. says:

    We all know now about Arnold’s secret life and child with his wife’s maid.
    Nothing he did would surprise me.

    Everyone needs to know that (Embyonic) stem cell research is in the 2014 CA State Democratic Platform. – which means it is one of the goals of the State Dem Party.

  2. OneoftheSheep says:

    This was a very bad Proposition from its conception. The good people of CA were hoodwinked into supporting and passing this piece of exploitation of the human stem cell. I opposed it from the beginning. Let’s repeal it now.

  3. Embryonic stem cells have zero success in Regenerative Medicine. Adult stem cells have successfully treated over a hundred diseases. Embryonic stem cell research is pouring money down a black hole. When will science trump ideology??

  4. Catherine says:

    Taken from Catholic Bible 101

    FORGIVE AMERICA LORD

    Dear Lord Jesus,

    Please forgive America for voting for a President:

    who hates your Holy Catholic Church.

    Who will force Catholic Hospitals and Schools to fund abortion and contraception

    Who loves Islam while hating you

    Who went to a Church where your Holy Name was taken in vain by its “preacher”

    Who lies regularly about Libya and Fast and Furious

    Who is a narcissist

    Who picked as his Vice President someone who professes to be Catholic, but who in reality loves homosexual marriage and aboriton

    Who has as his mentor a Communist, Saul Alinsky

    Please also forgive America for:

    embracing pornography

    embracing homosexual marriage

    legalizing recreational marijuana

    embracing embryonic stem cell research

    embracing abortion as being a “good” thing

    embracing artificial contraception as being wonderful

    embracing doctor assisted suicide

    Amen

COMMENTS POLICY: Comments are limited to 250 words, and should not contain offensive or libelous language. Please strive to be civil. All comments are subject to approval by our moderator and to editing as the moderator deems appropriate. Inclusion of your email address is optional.

Speak Your Mind

COMMENTS POLICY: Comments are limited to 250 words, and should not contain offensive or libelous language. Please strive to be civil. All comments are subject to approval by our moderator and to editing as the moderator deems appropriate. Inclusion of your email address is optional.