I want to thank my colleague from Maryland for his excellent presentation. This is an issue which people with little money in the bank never think about. People who are living paycheck to paycheck don't have a big savings account, don't have anywhere to turn. They are the ones who are penalized by the discussion we are having today and certainly ought to pay attention to this debate. It is hard to believe that recent polls show that consumer confidence in the economy has dropped to its lowest level in 12 years. This comes after President Trump made campaign promise after campaign promise to lower prices on day one. Remember that? He said: We are going to ``make America affordable again.'' But working families in America have not seen any relief; actually, just the opposite. A month ago, President Trump, turning to his billionaire buddy--the unelected Elon Musk--tried to, in Musk's description, ``delete'' the Consumer Financial Protection Bureau. I know a little bit about that Bureau. I was one of the original sponsors of the legislation creating it. The idea was to have one Agency of government on the side of the consumer that was willing to look out for rip-offs and to fight, if necessary, to protect the consumers. Of course, that is the last thing in the world that Elon Musk and Donald Trump want to see.…
On the recordMarch 26, 2025
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