|The Gibbs Aquada|
The Aquada could be put into mass production within six months after clearing all legal hurdles, [Gibbs Chairman] Mr. Jenkins says. Hundreds of millions of dollars have been invested.If Henry Ford had had to face America's modern army of bureaucrats, we might still be riding horses to work.
The reason it is still in dry dock, he says, is a conflict between U.S. government regulations for vehicles on land and on water.
For example, air-bag sensors must be set according to National Highway Traffic Safety Administration standards for the car to be approved for the open road. But on the water, the settings are too sensitive. Waves that crash on the vehicle deploy the air bags. Another problem: An Environmental Protection Agency rule requires a catalyst to control emissions which can heat up several hundred degrees. The Coast Guard bars anything even half that hot operating in the engine compartment.
PREVIOUSLY on government red tape and its effect on the economy:
•What is the purpose of government regulations? Answer: Profit.
•Business leaves the US; says it's because of the regulations
•Obama defenders deny that regulations cause the slowdown
•Liberal Supreme Court justices want everything regulated
•Financial crisis in review
•Barney Frank and the collapse of housing prices
•How we got in this economic mess
•Those who do not learn from history