Another proposed law that would let lawyers file frivolous lawsuits.
Tyler Cowen calls this the worst idea ever. I am not sure I would go that far, but I think it could be the worst economic proposal from this administration.
This is really saying something when this is the group that brought us Cash for Clunkers.
Obama seems too smart to think this is good for the economy. It makes sense if he is trying to pander to lawyers for political donations, however.