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Ya gotta be careful with correlations (not everybody lying down with their eyes closed is dead), but when these things pop up, we need to take a good look to make sure there's no real causatives in motion.
This one really bugs me because the Consumer Product Safety Commission has been another one of those "bloated and evil bureaucracies" the Repubs are always complaining about, and trying to defund and defang.

From USA Today:

Children's product recalls dropped 24% in 2011, but injuries and other incidents associated with these recalls grew 7%, a report out today says.

The decline in recalls is likely due to companies' adherence to a new children's product safety law, according to Kids In Danger, which did the report. But the advocacy group says that the secrecy surrounding product safety recalls makes it difficult to draw conclusions.

Product liability is a big deal.  It's one of the mainstays of an appropriately regulated Free Market System because if the customers have the kind of recourse that can kill a company (one that's been proven grossly negligent and is thereby in for a much-deserved major ass-whupping), then companies have to be aware of the stick that goes with the profit carrot.  But if the companies can buy some coin-operated politicians and first, make it harder to get good safety info; and second, make it a lot harder for us to mete out those beatings, then they improve their profits and shift more of the risk onto the buyers.

Don't be fooled - this is exactly what Tort Reform is about.