The Need For Government Regulation

As I stated in my previous blog post, the need for government regulation has become increasingly more important. After previous administrations, so much government regulation has been taken away or not enforced. The deregulation of Fannie Mae and Freddie Mac, toys from China, the coal mine incidents, the economic collapse, ENRON, deregulation of our finance, energy, communications, transportation, etc. Many times after the fact have we realized maybe there should have been something put in place or enforced so bad things don’t happen, like with the current recession.

What comes to mind most recently (besides the coal mine explosion) is what’s going on with Toyota. Just the other day Consumer Reports came out and said the Lexus GX is unsafe and should not be bought. Now Toyota has stopped sales of its Lexus. It takes an independent magazine by a union to do enough safety tests to realize that a vehicle is unsafe for the road? The NHTSA didn’t find it? Even the Prius gas pedal wasn’t found by our “government regulations”. WTF?

Everyone thinks government regulation is a bad thing, but they are put in place for a reason; to make our cars safe, to make where we work safe, to make our food and water safe, to make our buildings safe, etc. To ensure that we won’t get hurt physically or financially by companies, to protect us.

We need government regulation because without it, we will get hurt. It happens time and time again when regulation is taken away or not enforced. We need a go between of companies and people and the government is the only thing to do it right. To look out for the people because that’s who the government represents. Contrary to what the SCOTUS says, corporations are NOT people.

It can’t just be a “states rights” thing either. Prime example, look at all the influence the coal industry has in West Virginia. Massey kicked the unions out. The unions couldn’t even help with the rescue effort. Massey got away with operating an unsafe mine and 29 people lost their lives because of it.

I know all these “don’t tread on me” people claim differently but the government is supposed to have the best intentions for the American people. That’s its job.