On the recordNovember 8, 2023
You are on your own, consumer. You are on your own, Mom. You are on your own, Dad. That is what they said in the 1920s. I keep repeating it: You are on your own. The markets went wild, and they crashed, and millions and millions and millions of people suffered badly. This bill already cuts FTC, and this amendment brings salaries and expenses down to its fiscal year 2019 levels, that is to say that it cuts in half the complement of employees at the FTC. That is not a nick. That is a you are on your own. Boy, the pleaders for doing things that are not legitimate, Mr. Chairman, must be a long line. We don't want to be regulated. Now, I am not calling anybody a rube, but I will tell you, maybe you can. When I go to the gas station and I put the pump on, and the gas goes in, there is not a single way that I can tell whether that product is what they say it is. Do you know what I rely on, Mr. Chairman? I rely on--both at the State and Federal level--that somebody is checking on that gas to make sure it is not going to blow up my car. I can't do that. I rely on the government to do it, to make sure that I am safe, to make sure my car is not damaged when I pull that pump and some liquid goes into it. {time} 1145 Why do I presume that? Not because the gasoline company says it is, because the gasoline company may have some incentive to, hey, maybe shortchange a little bit of this and shortchange a little bit of that. If somebody is checking, that incentive is eliminated.…
