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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: DuckTapeSunroof who wrote (44622)	8/2/2010 8:51:26 PM
From: TimF	Read Replies (2) \| Respond to of 71588

Probably because some lobbyist bent the ear of the right congressman. An argument could be made that the tort system is out of control, and that the realistic possibility of a crazy high award or collection of awards suppresses investment too much. But if your responding to that as a real need, then it should be addressed as a real need. A super leaky cap that usually won't apply anyway, doesn't plausibly solve the potential problem. At the same time, in this context (unlike in many other potential tort situations), a total of $75mil (for non cleanup costs), isn't "crazy high", but is instead very low. It seems to me to just be a stupid law from any reasonable perspective that I can come up with.