Bureaucratic overreach
Cry Wolf Quotes
‘Consumer interest’ is an amorphous concept, made up of many competing elements, and the CPA [Consumer Protection Agency], time and again, will be called upon to make paternalistic judgments as to what is best for 200 million American consumers.
Gone will be the days when students and their colleges picked the lender that best fit their needs; instead, a federal bureaucrat will make that choice for every student in America based on still-unclear guidelines.
The coal industry accepts its responsibilities for the safe operation of its mines and where regulation achieves greater safety, we have no quarrel. But, where it does not enhance safety, we believe that Federal regulation is misplaced and counterproductive. Rigid, inflexible, thoughtless regulation, no matter how well intended, can have a plainly detrimental effect on achieving a safe, efficient, and productive coal industry. It’s the overregulation and enforcement of the Act as an end in itself that has caused the coal industry most of its problems…
If our bureaucrats in Washington, our regulators—maybe that’s a better word—write the regulations too stringently and too tough, there are aspects of this bill that could make it very difficult for the free enterprise system.
