Barr Labs is in Virginia - Jim Webb is in Cali
Much has been made of Sen Allen's stock holdings in Barr Labs. He holds stock valued at $1000 to $15,000 in the company who makes over 100 different types of drugs. The WAPO has the story here. This is a non issue to me. I look at Sen Allen's voting record not his portfolio. I am sure the Webb campaign wants this to be an issue after Webb was outed for owning over $100,000 in Exxon stock while damning the big oil companies with every breath. While Barr makes a plan B pill, they also make a hundred other useful drugs that save lives or improve the quality of life for many people. Can Exxon say the same? Barr Labs also has a factory in Bedford, Virginia that employs 300 people. Allen states
Allen said he is proud to own the stock because, he said, Barr Laboratories -- which is based in New York and operates a plant in southern Virginia -- is vital to the state's economy and has been a leader in efforts to treat breast cancer. In 1996, when he was governor, Allen said, he helped lure the company to Bedford County, where it employs more than 300 people.
"I very much like them," Allen said after a campaign speech at a senior citizens home here. "It's a good company. I don't use their products, but it's a good company that works hard in the community."
I am sure the people of Bedford agree. The question is answered. Now Mr Webb- Please explain your $100,000 in Exxon stock. I am sure he would but he is in California again raising those liberal dollars.