Breaker, Breaker One-Niner! Regulators Are Running Amok! | Stock News & Stock Market Analysis - IBD:
"Late last week, the Transportation Department issued a proposed rule that would require new commercial trucks and buses to have speed-limiting devices installed in them.
The government says the move is about increasing safety and reducing emissions, but what it's really about is showing how federal regulators can pretty much do whatever they want these days.
After all, there were no votes on this proposal in Congress.
No committee meetings.
No public debate.
Just pressure put on Washington bureaucrats by special interests.
On the surface, the mandate might seem reasonable.
After all, nobody wants to be on a highway with an 18-wheeler or a commercial bus barreling down on them.
The government says that the rule could save lives.
And the American Trucking Association backs the mandate.
But there's no guarantee that this rule will save any lives at all..."
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