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While new numbers are showing the job market is still getting slammed a new lot slam in the gavel on frivolous lawsuits might help bring some of those jobs back.
The -- at Texas forcing courtroom losers to pay the winner's legal bills.
Someone here says take this national and -- a winner for jobs.
-- about it throughout the sunny and -- -- that -- Our cash and -- current this -- and got great writers Jonathan Hoenig Tracy -- along.
Yes talk show host and president of countdown capital management -- helping out and democratic strategist crystal ball.
With us as well so welcome to all of you and Tracy.
Is forcing losers of these frivolous losses to pay all the legal -- a win for jobs.
Scary is that little extra money these companies are gonna -- they don't have the -- up their legal accounts.
For these -- that happen every day that's coming tripped on the curb in the next -- -- they're suing headquarters.
Stop -- it's stupid it is a waste of money we become such a litigious society.
The money could be put to better use like jobs you know wait I mean this is -- us.
Isn't it -- controversial -- that the governor of Texas -- may -- -- basically -- -- frivolous lawsuit if it's deemed frivolous.
And you'll lose you pay for the defendants -- -- that's a business that's a lot of cash for talking about.
Well you know there's those same was true in Alaska and the British have had that law for a long time and then this country is a matter of fact a trial judge can make that decision -- so it's not necessarily that it has to be on the books of the law because you can.
End up paying file a lawsuit if it.
If the trial George determines that it's that it's -- of frivolous suit others didn't without merit so that's gonna come from a lot of plays I'm not sure how much that has to do with.
Creating jobs however but it is a good law and it's at standard procedure in Britain and it should be in the United States.
The crest of the thinking with regards to jobs is that because so many companies are sued left and right all the time a lot of -- -- companies can be.
Easy targets that they'll be able to hire more individuals because -- will be paying so much in attorneys' fees.
Now that's thinking but the problem is there's absolutely no evidence to back it up and frat pack president George W.
-- his council of economic advisors did -- study to try to find some economic benefit from tort reform.
Found absolutely nothing.
-- Texas did tort reform about eight years ago to try to combat that medical malpractice -- on health care costs.
Hasn't changed the rising health care costs a -- in fact tennis Texas has -- -- most expensive health care in the entire country.
But you know what Gary I'll tell you let's go back to the issue of taxes they're per second is if you got to look at Texas may actually be kind of inching toward something like this with -- the court system for several years now.
You actually have a stronger economy in particular -- job growth in the -- Fort Worth area you actually have a stronger economy overall in some say it's because.
That the governor and other legislators have been trying to crack down on these frivolous lawsuits.
Hiring is about how people feel how employees feel about how much they have to spend going forward and the business outlook -- when they see.
I'll -- they're government that oversees them is not going to be.
In your pockets every day have to worry every date they are apt to hire more it is about perception that is about it by -- -- business can I spend a little bit more money employers -- not worried about whether somebody's coming after me.
And I think this is a great idea I'd love to go national.
Jonathan these are big numbers that we're talking about if you look nationally about two and a half.
Billion dollars -- to 47 billion.
That's what litigation costs company's overall back in 2600.
Billion the cost went to just small business is you know.
Those are the guys that normally higher in this kind.
Shirtless in the we all however have an interest in seeing justice serve not just the winner in any court case against one of the reasons that.
The courts are part of our constitution infected acrylic is right we give it.
The defendants and attorneys he can't afford want to.
I think there really is here I mean he really should surely keep on these frivolous lawsuits that's why we have a whole judicial department the problem is the culture not the legislation we need to work in my opinion through appointments.
Through elections to change that judicial culture that you know when somebody spilled coffee on themselves that it is gets laughed out of work I work multi trillion dollar -- That's about an Texas -- that's the point right we are litigious society.
You look at me funny -- -- you Obama's smile does not begin about expanding I gotta be worried about -- look at me wrong and certainly I -- -- think about that time back but you know.
Brazil has cut and when he pointed out this is something new Brazil has -- -- is that system is still choked expensive ongoing so it's not at an.
You can't take it all and -- I feel like my -- to think but got.
I'm gonna expand it goes way beyond winner pays all this actually means they have a provision in the slot where you can win and still you have a legitimate claim you win and you still have to pay your opponent's court costs.
If they offered to settle out of court.
That is his way beyond what is reasonable at all that means that not only -- you combating frivolous lawsuits you're allowing a lot of legitimate.
People who have real claims to not be able to have their day in court and that is really -- when we did talk.
Apple lawyers here for a second not -- doesn't love the lawyer whose country but a focus but let me get the Texas -- -- association they're the ones.
Billions of dollars to fight -- they're the ones that have been against governor Perry in that statement because they know that at the end of the day it is profitable.
To have these big big cases no matter -- they're frivolous or not they'll report.
Well yes they do which you can't just write some mall -- -- this got to be some fairness here the problem is and I think Jonathan is right in the culture itself is the fact that we have promoted this for a long time.
And whether the reality should be that the judges themselves.
Most of whom -- hacks that's another problem.
If you don't have good judges in May have not a -- did well absurd so he had on me that there's a lot of -- -- -- doesn't really know of several they know of several that have -- committed fraud and other things like that you have got to improve the system itself but then you can -- maybe but.
But there without thought if your current assistant at if you do passed all at this nationally.
It could be a -- for businesses -- that help businesses who frankly we need to see -- If it -- house to help businesses there's the bottom line here we have an employment problem and anything we can do to dis incentivized.
Helps business out and anything we can do to help your business -- right now it's a good thing but you're right Jonathan I do agree.
The culture is a joke I read every -- about lawsuits that -- just sit ever -- that that they actually get into court and some of them.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- A big corporation after the problem as -- pointed out is that judicial system that deals not -- reason but in a motion and that any time somebody gets hurt.
Big business week.
Yeah I go back to the issue up a lot again if it.
At the Los instinct marvelous that's when this cakes and it's not all lawsuits and know that that's not true actually and you can have a situation in this -- where if the defendant offers to settle out of court and you don't take that you had your day in court and you wind there's a provision where you could still have to pay the court costs of the defendant who has Ron do -- which is.
In -- and going back to that the bottom line the jobs issue it's a nice talking point that this would create jobs but there's literally no evidence to back and that's and that's -- and it's not good for business.
It's not good for victims it's not good for small business is I don't know why did well but Tracy I mean we've had this debate with a with regards to Health Care Reform and tort reform and health care and has been a lot of folks that have come up the last three years five years now.
Is that we need to see if they -- particular.
Lot how many OBG plans you know -- that are no longer delivering being -- the -- exactly because of the cost of malpractice insurance it's crazy.
You know what.
Texas is seeing again and extend this to malpractice and quite frankly the nation should as well -- -- -- has not practiced for reform and they still have.
Some of the highest health care costs in the country so I don't see that tort reform is have a major impact but I thought but I don't -- this but I will say this Jonathan estate taxes again has a much stronger economy than other states in this nation.
An unemployment is lower in the state at Texas.
When there's other factors that contribute to that -- -- I mean there's a you know lower taxes their benefits -- -- -- Texas so.
I don't think you could simply -- out to their judicial policies -- potential visa policies.
I think what we're talking about is a change in culture -- certainly in the judicial branch that idea that any time somebody has an injury.
Business as the day of course it should be litigated on the facts but not through in my opinion in the executive -- well my academic thought the best barbecue in the nation and the fact that today.
-- I think.
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