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Asbestos and Libby

February 15, 2006 Leave a comment Go to comments

Matt points out that Marc Raciot is against the asbestos compensation legislation that just suffered a setback in Congress.

I have to say, I’m not sure what to think about the bill. It has bipartisan support and opposition. It’ll probably make it easier for people to be compensated. It’s funded by asbestos-related corporations, so we’re not really letting them off the hook. The so-called “Libby fix” helps out Libby, but will $140 billion be enough? That’s the issue. Harry Reid is opposing it because it doesn’t do enough (at least, that’s what I gather from his “written by special interests” comment). That gives me pause, though the fact that both of our senators are supporting it outweighs it, I think.

I guess I’ll have to go with good, but could be better.

Categories: Montana
  1. Van
    February 16, 2006 at 5:19 am

    I think that the main concern from the opposition to the bill is that the tax payers will end up paying for any additional compensation over the initial 140 million.
    140 million seems like a lot of money, but there are lots of claims – there are lots of sick people with high medical costs.
    The figure should be closer to 250 million so that we, the tax payers, do not get stuck holding the bag.

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