That’s the first line in my new piece in Politico.com about the refusal by Congressional Democrats to do anything to stop the job-crushing unintended consequences of the Consumer Products Safety Improvement Act.
As noted in the article, most journalists are wholly unaware of the law’s devastating impact on hundreds of small, medium and even giant businesses. In just one of the recent blows to manufacturers, late on Tuesday Amazon.com announced it was dropping 2,500 products from its site because of CPSIA. It is impossible to calculate the damage to the producers of those products, but the shutting down of a key marketing pipeline in the middle of recession has got to be staggering.
The job losses flowing from CPSIA are real and deeply hurtful, but neither Speaker Pelosi or Leader Reid have done anything to stop the bleeding. They’d rather spray dollars at the public works projects than act quickly to save private sector manufacturing jobs which are the backbone of the economy.