The commerce clause was meant to keep states from imposing trade barriers with regards to each other. The word regulate meant to keep regular.
Exactly So.
In other words, The Commerce Clause was instituted in order to Maintain commerce, Not restrict it.
It has been perverted.
...it grew out of the abuse of the power by the importing States in taxing the non-importing, and was intended as a negative and preventive provision against injustice among the States themselves, rather than as a power to be used for the positive purposes of the General Government, in which alone, however, the remedial power could be lodged.
Full text of the letter here:
http://press-pubs.uchicago.edu/founders/documents/a1_8_3_commerces19.html