On Meet the Press on Sunday Mr Bodman was heard to say,
The president has, has instructed the Justice Department to undertake an investigation of that. We see no evidence of it, but this is one of those situations where, I guess I would call it trust, but verify and that’s what the Justice Department is engaged in.
Bush's on the record comments about 'price gouging' came as he stood in the Rose Garden.
I have no evidence that there's any rip-off taking place. It's the role of the Federal Trade Commission to assure me that my inclination and instincts is right.
Sure, we can expect the Federal Trade Commission (FTC) to speak out and publicly contradict his "inclination and instincts" only after they resign. Besides, if the FTC did find information that did contradict the "Decider" he'd just opt to go with another "signing statement" and reclassify the whole affair as secret.