Politico is up with a story this morning (“Trial lawyers prep for war on Perry” by Alexander Burns) that litigators are revving up their engines (and their big bucks) against Rick Perry. Perry instituted much-needed tort reform in Texas, and they fear he will do the same nation-wide.
Given the vast number of frivolous law suits we constantly read about and shake our heads over, given that too many of us unfortunately want something for nothing, we desperately need such tort reform. This abuse of our legal system costs all of us every day in the form of higher prices for goods and services, since the cost of these suits just gets added on. This abuse of our legal system makes life a living hell for many individual victims of such suits. We need rules limiting contingent fees, rules requiring the losing party to pay the other side’s legal fees as they have in Great Britain, and caps on damages.
A thumbs-up as big as Texas to Rick Perry, and an equally big thumbs-down to the trial lawyers.