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Politics : Sioux Nation -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (190341)	4/26/2010 10:47:56 AM
From: SiouxPal	Respond to of 362290

Liked it. Thanks.

To: Wharf Rat who wrote (190341)	4/26/2010 12:55:38 PM
From: Broken_Clock	Respond to of 362290

This is why healthcare, financial reform and any other "reform" are doomed to failure. 42,000 washington lobbyists and 500 greedy congressmen guarantee it. ==== From: Yulya 4/25/2010 4:56:22 PM 5 Recommendations of 111031 REGULATION...American style... “The importation of toys with lead paint from China two years ago prompted Congress to pass the Consumer Product Safety Improvement Act (CPSIA), requiring extensive independent testing of all products sold — or resold — for children. The new regulations threatened to put small manufacturers and thrift shops out of business, thanks to the onerous burden of test costs. But what about the big manufacturer that actually put 2 million contaminated products on shelves? Mattel gets a waiver from testing requirements — again.” So let’s get this straight. Mattel buys millions of items from China that violate American product-safety laws and standards. Congress reacts by punishing the entire industry, especially those small businesses that can’t afford independent testing, especially on products that don’t really need it. Thrift stores can’t resell merchandise without testing, making their business model impossible and threatening the charities that rely on those sales. Meanwhile, the economy of scale means that this law gives Mattel a competitive advantage from their own malfeasance — and they get the waiver on independent testing? Yesterday, we discussed crony capitalism. This is exactly what is meant. This is a perfect example of government picking winners and losers in the marketplace through legislation written to be sympathetic to big businesses, and an enforcement mechanism that favors the big players even beyond the legislation Congress passed. Mattel can push its smaller competitors out of business, or force them into buyouts, because they broke the law in the first place. hotair.com