Repeat After Me, John Stossel: Government Regulation is Often Necessary!
My debate with “consumer advocate” and radical libertarian John Stossel on FOX is below. Here’s what we did get to say, prior to the debate being cut short, due to a press conference with Robert Gibbs:
Watch the clip from 6 minutes in to the end.
It was June 1, and I said to Mike Gallagher: “Repeat after me: Government regulation is often necessary. You can’t trust corporations to police themselves.” (Mike wouldn’t repeat.)
The segment ends with me saying, “Newly minted socialist Mike Gallagher and Bobby Jindal. Now you want the Government to clean up your mess.”
This clip frames my debate with John Stossel. Does John Stossel agree philosophically that Government regulation is often necessary? That you can’t always trust corporations to police themselves? Or does he think the free market always solves these problems?
Today, Obama is signing the most sweeping financial reform regulation since the Great Depression. Does Stossel think that the SEC was working just fine under Bush? That Wall Street adequately policed itself in that era?
Today, we have finally a capped a will spewing more than a million gallons of oil daily into the Gulf. Does Stossel think that BP adequately policed itself? Or did we need more effective Government regulation?
I remember watching John Stossel at one point target the FDA. The FDA! Does he really think the free market can handle tainted meat? Does he really want arsenic to be sold openly to the public (next to the candy aisles perhaps)?
Maybe he’s against traffic lights too? (damned Government regulation!) And laws banning lead in children’s toys? Laws banning air and water pollution?
Is there anything he thinks the Government does right?
I will readily concede there are times when Government regulation — like any good thing — goes too far. But, as a general principle, repeat after me, “Government regulation is often necessary. You can’t trust corporations to police themselves.”
C’mon Stossel. You won’t say it. Will ya?