This morning, on a day when a category one hurricane is rushing into the Gulf, a Senate committee voted to eliminate limits on liability that oil companies would face for damages stemming from offshore spills like the one in the Gulf of Mexico. The President signaled his support for higher or no caps on liability for oil companies earlier this month. While it may seem like this is just another meaningless vote, a closer examination reveals a huge paradigm shift under way, and it would be wise for voters to pay attention.
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