To all those that drank the "These critics are spreading misinformation about CPSIA" Kool-Aid, we refer you to this editorial in the Wall Street Journal.
Makers of children's products and charities that run second-hand shops are stuck with more than $1 billion of inventory they can't sell because of a new federal product-safety law, according to surveys by trade groups and the charities.
"We have millions of dollars worth of merchandise sitting in 30 40-foot-long trailers waiting to be hauled out to a landfill somewhere," says Michael Klein, president of Constructive Playthings Inc., a closely held Missouri toy maker. The banned products include beach balls, inflatable toy guitars and blow-up palm trees.
Local outposts of Goodwill Industries International are also "filling up trailers with the stuff," says Jim Gibbons, chief executive of the charitable group, which collects and distributes used clothes. The law affects clothing because lead is sometimes used in buttons, zippers, rhinestones and other embellishments.
Goodwill's Mr. Gibbons says its stores may have to destroy $170 million in merchandise. The Salvation Army say it will have $100 million in lost sales and disposal costs related to used goods.
Plenty more in the WSJ piece.
The Consumer Product Safety Improvement Act isn't being called the worst law in the last 50 years for nothing. And all this coming during a bad economic downturn.
How about some hope and change, Mr. Obama? The silence from the executive branch on this incredible mess is truly deafening.
BTW, you might get a kick out of this one, as it kind of ruins the "drinking the Kool-Aid" meme...
It is a popular misconception that 900 followers of cult leader Jim Jones committed suicide by drinking Grape Kool-Aid laced with cyanide at their commune in Jonestown Guyana in the late 1970's. This is not true. The followers of Jones actually drank cyanide laced Flavor-Aid, a cheap imitation of Kool-Aid. The Flavor-Aid flavor they consumed was grape. Therefore, Kool-Aid played no part in this tragedy. [from many sources]