J&J posts 40 percent jump in 1Q profit....WOW how do they do it?This first quarter of '08 has seen some challenging financial times for individuals and various industries. However Johnson & Johnson Company has shown steroid strength performance enhancement. Is it magic? Or more likely, the result of some serious, rent seeking, legislative efforts?
Clearing the Air has demonstrated repeatedly how J & J's private foundation RWJF has led the nationwide smoking ban assault......by funding each and every effort. We've also demonstrated and proven that Johnson & Johnson's pharmaceutical nicotine (Nicoderm) product sales have increased three-fold in the wake of the smoking ban laws they funded thru non-profit lobbying activity.
Ahhh....ain't it a grand rent seeking, racketeering scam. Unless of course you're one of the tens of thousands unemployed by their hand.
See nationwide hospitality closings due to smoking bans here: