I guess the high cost of law school and estimates that America may be producing more lawyers than the market needs has caught the eye of the President and Barak Obama is here to save these poor legal eagles. For young lawyers are going to be the only real beneficiaries of the stimulus bill. I predict, and I think I am conservative in this number, that 80% of the cost of all these “shovel-ready” infrastructure improvement projects will go to lawyers who litigate the wet-lands, dry-land, endangered species, minority quota-driven, law suits over the next decade. The government will be suing itself: Federal vs. Federal, State vs. State, local vs. local, and any other combination you can imagine. Yes, and there will be a needs for many more judges just to handle the workload, but the ACLU will gladly help with a list of “qualified” candidates. Fortunately Barak and Michelle were young lawyers who understood the need for young lawyers to find gainful employment.
A final thought, should my prediction be true, that is 80% of $787 billion is $630 billion to the legal profession. The one group that needs a bailout…NOT.