Re: OT: If Kerry is elected...
From: Fred Bloggs (nospam_at_nospam.com)
Date: 10/22/04
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Date: Fri, 22 Oct 2004 02:15:37 GMT
Tom Seim wrote:
> Robert Monsen <rcsurname@comcast.net> wrote in message news:<mxpdd.215717$wV.199366@attbi_s54>...
>
>>Tom Seim wrote:
>>
>>>rolavine@aol.com (Rolavine) wrote in message news:<20041019174933.11669.00002079@mb-m15.aol.com>...
>>>...
>>>
>>>
>>>>Bush and Cheney pushing liability limits as a solution to our health care
>>>>problems is like someone saying that the Titanic could remain afloat if they
>>>>tossed the deck chairs overboard! Utter nonsense dispensed by a tag team of
>>>>opportunistic liars (now don't get me wrong here I am a real fan of Cheney's
>>>>skill in this area - 'the first time I met you was when you walked in here' ).
>>>
>>>
>>>I'm curious as to what you WOULD consider a reasonable liability limit
>>>to be. How about $10M? Too low, how about $100M? Still too low you
>>>say, how about $1 BILLION? Not enough, OK how about $1 TRILLION?
>>>
>>>Or, maybe, we just sign over the world's assets to this pathetic
>>>plaintiff.
>>
>>The point of punitive damages is to keep Dow from dumping toxic waste
>>into the Bay, and then just paying off the 'fine' to the cancer victims.
>>
>>The damages must actually be able to punish the bad guys, or they aren't
>>a deterrent. With this in mind, setting arbitrary limits makes no sense.
>
>
> So a $5 BILLION award makes sense (it happened)? Are you aware of who
> is REALLY paying these absurd jury awards? Here is a hint: it's NOT
> THE COMPANY!!!
What specific incident did you have in mind? $5B would be reasonable for
a class action. And one of the many original purposes for opening up
liability was actually to put the bad actors out of business- this is
basic American law- if the government has no authority to shut them
down, the judiciary can move in and bankrupt them. This is legitimate
and to the benefit of society. Not to worry- all your buddies on the
board voted themselves $100M of separation packages before they left
that shattered hulk of mismanaged crap anyway.
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