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Home Front Economy
The Road to Heck Is Paved with Good Intentions
2009-01-27
Concern about the recently passed Consumer Product Safety Improvement Act is just beginning to bubble to the top of the news cycle (In between hyperventilating about corporate jets and Michele Obama's dress sense, of course)

Basically, the cost of testing for lead contaminants and other nasties in products intended for the use of children under the age of 12 may very well bankrupt a whole range of small companies, and hand-crafters who run tiny businesses out of their homes... not to mention removing a those same products from second-hand and thrift stores.

Nice commentary and roundup from Forbes, here.
Posted by:Sgt. Mom

#7  I suspect that Barry, while facile and intelligent, really is a bit of any empty suit. I expect him to leave office alone like Bush and I hope with class as did Bush, but without Bush's inner confidence that he did the right things, without the support of any of those who put him in the job, and ultimately confused as to why things turned out this way, much as Hoover did.
Posted by: Nimble Spemble   2009-01-27 15:33  

#6  NS, I swear his own historically illiterate supporters were rhetorically linking him with Hoover even before the election. Morons were marching around the nearby college town with "Obamaville" signs, not apparently having heard of Hoovervilles.
Posted by: Mitch H.   2009-01-27 15:31  

#5  I predict he will leave office like Hitler did. By his own hand with his country in ashes and his enemies closing in.
Posted by: Abu do you love   2009-01-27 14:54  

#4  You think he'll leave office, NS? Will he leave the way Bush did, or the way Putin has?

Lotp, in a grim mood this sunny cold afternoon
Posted by: lotp   2009-01-27 14:42  

#3  This is one of a number of events that are going to occur in the not too distant future that will culminate in the repudiation of the Rooseveltian New Deal social contract and the establishment of a new one whose character is unknown. I would add the exhaustion of federal debt capacity, repudiation of obligations of unfunded government employee pensions, bankruptcy of medicare, nationalization of health care and defederalization of auto emission standards to the over-reaches of this model that will tip it into the ash heap of history. This is why I believe the Big O will leave office with comparisons primarily to Herbert Hoover.
Posted by: Nimble Spemble   2009-01-27 11:44  

#2  One vulture pic, coming right up.
Posted by: lotp   2009-01-27 11:25  

#1  (Mods - can you add the pic of the two vultures? Ta -thanks, then.)
This story has barely made a ripple in mainstream news, but it looks to have the makings of an economic tsunami - and the MSM and our fearless pols are managing to heroically ignore it. The Bankruptcy Day website is here, and my own take on it here.
Posted by: Sgt. Mom   2009-01-27 11:04  

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