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Is Feb. 10 financial doomsday for thousands?

January 8, 2009
World Net Daily
1/8/2009

[Ed. note — But rest assured that the REAL culprit merchandise (from CHINA & MEXICO) will still be stocked at WalMart, Target, K-Mart, Sears and other retail shops. The ONLY people this will adversely affect are the small ‘mom & pop’ stores; middle class, working class AMERICANS!!!]

A new government regulation scheduled to take effect next month has thousands of retailers, thrift stores and small businesses worried they will be forced to permanently close their doors – and destroy their merchandise.

The law is expected to have such a devastating impact that Feb. 10 is now unofficially known as “National Bankruptcy Day.”

Congress passed the Consumer Product Safety Improvement Act of 2008, or HR 4040, a retroactive rule mandating that all items sold for use by children under 12 must be tested by an independent party for lead and phthalates, which are chemicals used to make plastics more pliable.

All untested items, regardless of lead content, are to be declared “banned hazardous products.” The CPSC has already determined the law applies to every children’s item on shelves, not just to items made beginning Feb. 10.

The regulations could force thousands of businesses – especially smaller ones that cannot afford the cost of lead testing – to throw away truckloads of children’s clothing, books, toys, furniture and other children’s items and even force them to close their doors.

For the rest of the story …..

One Comment leave one →
  1. Liberty-Lady permalink
    January 8, 2009 3:58 pm

    What a total crock. Does anyone still really believe government has “the People’s” interest in mind? Isn’t is completely obvious that it destroys every opportunity “the People” might have to get keep their heads above the financial floods? Does this mean Salvation Army goods must be tested? Yard sales and flea markets? Think about this. How do these bills get passed? Completely rogue and corrupt government. Why don’t we just stop buying lead laden Chinese goods? Oh, of course, we’re in such debt to China they own us so in an effort to make a “show” of good faith for American people government passes a crock of **** legislation like this. What a joke.

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