The American Spectator

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(Page 2 of 14)

p> END OF TOBACCO ROAD br> Re: Doug Bandow's Smokeless Kennedy-DeWine : /p> p>Native American tribes got to love it. They own the casinos and, if the anti-tobacco grunts win, the Indians will own tobacco. Maybe that's poetic justice? br> -- Nelson Ward br> Ribera, New Mexico /p>

Doug Bandow writes:

"The legislation has picked up one unusual endorsement: cigarette maker Philip Morris. The company cited the benefit of having clear rules under which to operate

"Critics noted that limiting advertising would help freeze industry market shares, protecting Philip Morris from competition. That was, in fact, one of the outrageous effects of the tobacco litigation settlement: it purported to bind even new firms, solidifying the lead of existing producers. Unsurprisingly, the Wall Street firm Goldman Sachs figured that the Kennedy-DeWine legislation would actually improve Philip Morris's bottom line."

p>That's right. Jeremy Siegel's

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