Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (507835)	12/11/2003 2:02:11 PM
From: Kenneth E. Phillipps	Read Replies (1) \| Respond to of 769669

Greenspan, as usual, is "a day late and a dollar short". money.cnn.com

To: Kenneth E. Phillipps who wrote (507835)	12/11/2003 2:15:42 PM
From: PROLIFE	Respond to of 769669

It would be nice to live in America without YOU, ambulance chaser.

To: Kenneth E. Phillipps who wrote (507835)	12/11/2003 4:25:23 PM
From: Ish	Respond to of 769669

You keep asking why companies are slow on adding jobs. High corporate taxes, high pollution controls and high tort costs where the injured gets 22 cents on the dollar. It notes that we have higher corporate taxes, higher pollution abatement costs, and higher tort liability costs than our key competitors. Overall manufacturing costs are 22.4 percent higher in the U.S. as a result of such self-imposed costs, reducing our competitiveness and contributing to the trade deficit. In terms of tort liability, a new report from Tillinghast-Towers Perrin estimates this cost at $233 billion last year, up $27 billion from 2001. The report estimates tort costs at 2.33 percent of GDP, or $809 per person in the U.S. Of this amount, only 22 cents on the dollar goes to compensate victims for actual economic loss. The rest is for lawyers and additional payments for punitive damages and "pain and suffering."