Bush Signs Class Action Reform Bill

Once again the President has snookered the Dems and gotten through Congress a major reform designed to deal with the problem of class action lawsuits (from FoxNews):

WASHINGTON — President Bush on Friday signed a bill that he says will curtail multimillion-dollar class action lawsuits (search) against companies and help end "the lawsuit culture in our country."

The legislation aims to discourage class action lawsuits by having federal judges take them away from state courts. It was a victory for conservatives who hope it will lead to other lawsuit limits and for businesses that have complained for decades that state judgeshere they know they can win big-dollar verdicts — while their clients get only small sums or coupons giving them discounts for products of the company they just sued.

This just shows how powerless the Dems have become when they can't even stop a bill like this which takes a big chunk out of one of their major contributors, the trial lawyers. Said Bush at the bill signing:

"And this will be the first of many bipartisan successes in the year 2005."

Yes it will, yes it will.