Keith Burgess-Jackson, J.D., Ph.D.

Your editorial "Big
Pharma Loves Harry Reid" (May 1) misses the real significance of
the TV ad you describe. The most disturbing element of both Obama Care
and the financial regulatory legislation now before the Senate is that
they set up, in different ways, a partnership between the government and
the largest companies in a particular industry.

In ObamaCare, the private
insurers and pharmaceutical manufacturers have become, through
regulation, both a tool of the government and perennial seekers of both
more government support and more government leniency—hence the Nevada
ad; while in the financial legislation the largest nonbank financial
institutions will be both protected by the government and controlled
through Federal Reserve regulation and the threat of a break-up.

It's vital to recognize
the pattern: The Obama administration is gradually changing the nature
of our economy and society by putting government at the center.

Peter J. Wallison

American Enterprise Institute

Washington