A Toy by Any Other Name…

Wednesday, September 29, 2010

Following the influx of tainted toys on American consumers back in 2007, the federal government created the Consumer Product Safety Improvement Act of 2008.  Now that the Feds are getting closer to enacting those regulations, New York Times Wall Street and finance reporter Louise Story tells us manufacturers are going to great lengths to make sure their products aren't labeled “toys.” 

Guests:

Louise Story

Produced by:

Hsi-Chang Lin

Comments [1]

Charles

This is an altogether too-familiar pattern, is it not?

A credulous, do-gooder press corps jumps on a story of percieved harm to "consumers." Then, a pandering Congress decides it must "do something" about the problem and enacts a costly regulatory scheme. Only years later, do real people, the ones who have to pay for toys, run businesses, pay taxes and compete in the real global marketplace, figure out that the regulatory scheme is an awful, bankrupting substitute for normal everyday common sense in buying toys for children and supervising a child's play with that toy.

Multiply by about a trillion, and you have the U.S. economy.

Sep. 29 2010 01:43 PM

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