In this National Journal article, Congress is challenged on its ability to make informed decisions. We have recently just covered a section on information asymmetry that exists in the market place. Many examples provide solution in the form of government intervention to prevent market failures. However after reading this question, I am uncertain that the federal government (or any level of government really) can provide timely and effective intervention when their source of information comes from research that may be biased. According to the article, Congress significantly "gutted" its research staff in the 90's and are now swimming in the sea of information with a sail. The result may be the emergence of more internet-is-not-a-truck comments from the chairman of senate committee on commerce, science, and transportation. A more extensive overview of the report cited in the article can be found here.
We have learned asymmetry of information in the market usually leads to higher costs, I wonder what will be the cost when the people that are suppose to protect consumers from such failure are subject to the same blindfold. In the face of overwhelming information and little knowledge to navigate through them, are consumers at the mercy of special interest groups?