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Fired Democrat FTC commissioner warns of the corrupting influence of billionaires
Trump's dismissal of the last two Democratic commissioners of the Federal Trade Commission (FTC) brings legal and political backlash around the agency's independent oversight.
Trump's dismissal of the last two Democratic commissioners of the Federal Trade Commission (FTC) brings legal and political backlash around the agency's independent oversight. Alvaro Bedoya warns of the influence of billionaires, pointing to the FTC's scrutiny of Amazon, Meta and X in light of his surprise firing. Democratic senators are demanding reinstatement, saying the move violates Supreme Court precedent and jeopardizes the regulator's independence. Former Federal Trade Commission (FTC) Commissioner Alvaro Bedoya says President Donald Trump's decision to fire the agency's two remaining Democratic members serves the interests of powerful billionaires rather than the American people. Speaking at the Colorado legislature Wednesday, Bedoya said the firings would impede fair market oversight and undermine independent regulators. I think we have to focus on the billionaires who stood behind President Trump during his inauguration and what this attempt will do to them, Bedoya said. First of all, we have to ask ourselves, who stands to gain from this attempt at illegal removal, and frankly, who stands to lose? As Cryptopolitan reported on March 19, Bedoya and his colleague, Democratic Commissioner Rebecca Kelly Slaughter, were fired Tuesday night, an action they called unlawful and illegal. Their firing appears to violate legal precedent that prohibits the president from firing FTC commissioners without cause. The next day, in an #interview with CNBC, Slaughter warned that the firing undermined the ability of government agencies to operate independently. It's not just about the FTC or my position, Slaughter said on CNBC's Squawk on the Street program. It's about making sure that the FTC is able to control markets and protect honest businesses, not allowing companies that lie and cheat to get ahead.
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