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Friday, November 22, 2024

Mark Pocan criticizes Dr. Oz's nomination and private equity's impact on Shopko

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Mark Pocan U.S. House of Representatives from Wisconsin's 2nd district | Official U.S. House Headshot

Mark Pocan U.S. House of Representatives from Wisconsin's 2nd district | Official U.S. House Headshot

Rep. Mark Pocan, a U.S. Congressman representing Wisconsin’s 2nd district, recently shared his thoughts on various topics through a series of tweets. The posts addressed issues ranging from political nominations to the impact of private equity on local businesses.

On November 21, 2024, Rep. Pocan posted a cryptic message stating "you have no idea". The tweet did not provide further context or elaboration.

Later that day, at 20:22 UTC, Rep. Pocan commented on Dr. Oz's nomination by former President Trump to lead the Centers for Medicare & Medicaid Services. He expressed concern over Dr. Oz's support for Medicare Advantage, stating "The number of reasons why this program is bad for seniors and taxpayers are impossible to fit into just 280 characters." He also included a link to a video for more information.

At 21:35 UTC on the same day, Rep. Pocan criticized the role of private equity in the downfall of Shopko, a retail chain based in Wisconsin. He tweeted about how private equity firms had taken over Shopko and subsequently led it into bankruptcy while abandoning approximately 14,000 workers: "Private equity took over Shopko – a Wisconsin-based retail chain that had stood strong for more than 50 years – buried it in debt, pushed it into bankruptcy, and abandoned roughly 14,000 workers."

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