In the United States of America the FDA often stops imports from certain countries that do not meet our health standards and the list of banned products from our trading partners is endless. In the US our FTC, FDA and even Homeland Security often intervene to protect Americans from American Companies selling us products. Why do the Chinese get a free pass after the recent abuse?
Well could it be that they are holding much of the US debt or that the US wants to remain on the Chinese "good list" as their middle class grows into a consumer class - 1.3 Billion new consumers is a huge future market for US exports too. Agencies like the FDA and FTC say they need more budget monies if they are to deal with this Chinese poison issue, but why should we give these agencies more money after all their failures in the past?
Besides if the FTC was really going to help us Internationally, what about the OPEC Cartel? You see the FTC always asks for more budget and always under-performs. They asked for more SPAM money, Identity Theft Money and all they EVER do is round up the "usual suspects" and participate in PR, "Tailor of Panama" style propaganda. I am only interested in one thing; Winning - not PR, not another underachieving Federal Agency. You see, it is not our problem it is the Chinese Problem:
- Lead Paint on Toy imports = No Toy Imports.
- Poison in Food Additives = No Food Additives.
- Neuro Toxins in Tooth Paste = No hygiene products!
We should not reward "piss poor performance" in any government agency and we need accountability and transparency not more lip service. Often, regulatory agencies make up cases to serve the will of Senators doing the bidding for lobbyists. Adam Smith warned us of this and the FTC is a perfect example in my opinion of MY government running a muck, let's fix government this next time around shall we?
L. Winslow is an Economic Advisor to the Online Think Tank, a Futurist and retired entrepreneur http://www.worldthinktank.net . Currently he is planning a bicycle ride across the US to raise money for charity and is sponsored by http://www.Calling-Plans.com and all the proceeds will go to various charities who sign up.