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Price Of Junk Science
IBD Editorials ^ | January 24, 2011 | Staff

Posted on 01/24/2011 6:21:32 PM PST by Kaslin

Global Warming: After the 1998 tobacco deal, many wondered where the next battleground for the shakedown lawyers would be. Few wonder now. The legal war over climate change is heating up — and it'll be costly.

The $246 billion tobacco settlement, reached by 46 state attorneys general and the tobacco industry, was not designed to improve public health. It was simply a way to line lawyers' pockets and create a slush fund for lawmakers.

Private plaintiffs' lawyers took in $8.2 billion in legal fees, and states have spent their share of the funds on items unconnected to tobacco-related illnesses and anti-smoking education.

It was, as we said a few years ago, "a naked cash grab."

Having exhausted that lucrative source, trial lawyers went trolling for another. Would it be the fast-food industry? Gun makers? What about companies that sell sugary drinks? Or those making pharmaceuticals?

While those industries will be beset by suing lawyers, they will be spared relative to the target that attracts the most attention. As we predicted on these pages, global warming will be the vehicle for the next litigation lottery. And the media are finally picking up on this.

"Climate-change litigation is fast emerging as a new frontier of law where some believe hundreds of billions of dollars are at stake," AFP reported Sunday

(Excerpt) Read more at investors.com ...


TOPICS: Culture/Society
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1 posted on 01/24/2011 6:21:33 PM PST by Kaslin
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To: Kaslin

Well it’s finally happened. They’re suing the weather.

Remember how scientists say isolated weather incidents don’t prove climate change, but that won’t stop the lawyers.


2 posted on 01/24/2011 6:24:17 PM PST by Triton42
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To: Kaslin

Unfortunately, there are too many voters who believe the tobacco settlement was all about smoking.

As much as I detest Democrats and their Socialist/Marxist/
Communist policies, they are good at giving a nice name to tax collection or as Obama would say “wealth redistribution”.


3 posted on 01/24/2011 6:41:13 PM PST by Presbyterian Reporter
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To: Kaslin

Wow! I would have thought that the first suit would have been against Algore for starting this mess.


4 posted on 01/24/2011 6:41:15 PM PST by benldguy
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To: Kaslin

An old farmer once told me “The Canadian Thistles and the Lawyers will lead to the destruction of our country” Well we have the Thistles pretty much under control now its about time we tackled the Lawyers.


5 posted on 01/25/2011 4:09:39 AM PST by Pardeeville Liberator
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