Tort Reform vs Executive Compensation Reform
Submitted by dshrout on September 16, 2009 - 3:07pm
It strikes me as odd that Barry and the boys can see the need for executive compensation reform concidering what the executives get payed has no effect on what I buy or sell my stocks, yet they see no need for tort reform because they contend it has no effect on what I pay for my health insurance. What's up with that?
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..............tort reform?...............
.................................... http://www.morningsun.net/cartoons/x1742290305/Liccar-cartoon-On-Obama-and-tort-reform .......................
Tort reform is on the table and Obama did appoint Sebelius to the initiative.
......you mean some "tort reform" CRUMBS are on the table.......to be "swept off" by Sebelius "the trial lawyer?"........ROFL.........just enough to have it mentioned in the speech........but nothing too sweeping........I'm sure the results of those pilot programs will be manipulated so much they'll look like soggy bread by the time the data is released...............
................Sebelius served as executive director and chief lobbyist for the Kansas Trial Lawyers Association (now Kansas Association for Justice) from 1977-1986..........................
............. ROFL......................this is like having the "big ,bad wolf watch the three little piggies".............
Apparently you haven't noticed, but tort reform is on the table. President Obama is on board, and Senator Baucus is debating it in committee right now.
Anyway, why shouldn't President Obama regulate the bonuses of executives from companies suckling at the TARP teat? He doesn't want them to get multimillion dollar rewards for putting their company in danger of collapse by acquiring and bundling garbage loans and then trying to sell them off to the retirement funds of unsuspecting, working-class Americans. That type of behavior, which stemmed directly from the bonuses that encouraged it, is exactly the reason why so many financial services stocks went bust in the last year.
It's an interesting study of the effectiveness of the "hands off business" policy Republicans constantly tout, that Wall Street's subslime machine reached it's fullest potential under President Shrub and his boys.
My point was the costs of the stock and the costs of the insurance to the consumer are little affected by tort or executive comp. Isn't that what you posted a couple of days ago pete? Something to the effect tort reform in Mo had no effect on premiums? Health insurers can argue the costs of defensive medicine and the like just as you are making a point, of which I agree, on the ancellary costs of the financial collapse. Since the taxpayers money is used for TARP as well as health reform shouldn't tort reform be dealt with just as aggressively as executive compensation? What is see is a dismissal of tort reform by the Obama folks and a selective outrage with corporate america. A bit of an oxymoron, wouldn't you agree?
"What (I) see is a dismissal of tort reform by the Obama folks and a selective outrage with corporate america." - Dshrout
Once again, tort reform is on the table and not "being dismissed."
I guess you're also saying that Obama and the Democrats are the only ones outraged that executives are being rewarded with multi-million dollar bonuses for driving the entire United States economy into a deep recession. Or at the very least, Democrats are the only ones willing to do anything about it. That speaks volumes about Republican values when it comes to corporate America. It also explains why Republicans would rather focus the entire health reform debate on helping insurance companies generate more profits through tort reform, than on ensuring all Americans can receive health insurance coverage.
Memo to Howard Dean, pete says tort reforms is in the bill http://www.youtube.com/watch?v=HaMj-WUC-aE, you might want to share your insider info with the DNC chair. They're reluctantly gagging it down post-August recess waiting for the trial lawyers to tell them what they'll accept. The GOVERNMENT, both dems and republicans, are complicent in these derivitive schemes and this financial mess they've got us in. The (D),(R) both have their fingers in the failure of freddie and fannie and all these creative financing schemes. When tax cheats like Treasury Geither and 'ways and means' Rangel can stay in power, it tells me they have no shame and their colleagues give them a pass for fear they'll be exposed. The politicians outrage(on behalf of the public) with corporate america is well founded but rest assured they're thankful they can use it as a deflection of their own failure. We've got the same congressional leaders in both partys that watched over the near financial collapse of our economy that are now going to fix health care? AMAZING!!! Barrys been the spectator to date while Pelosi and Reed try to implement socialized medicine. I don't think I can afford any more added costs from the 'best and brightest' personally. Fool me once, shame on you, fool me twice, shame on me.
.........Barry's boys aren't execs.........they're lawyas.............ROFL...........gotta protect lawyas...........Barry is one AND he might need some donations later on.............I believe the reference phrase is "they're in bed together"..............Barry's lame reference to some "tort reform" pilot programs ...to be monitored by a "trial lawyer"............were merely a deception...........we know it's going NOWHERE........but it's all we're gonna get.............I heard there could be as much as 38 billion a year saved nationwide with national "tort reform".........concerning defensive medicine......................that seems like a worthy goal at any rate.............