this debate is not about the Congress, and it is not about the President of the United States. This debate is about Gene Wilmarth from Leaf River, Illinois. Gene has to go out and pay more interest on his note to buy cattle, and he has got to pay more interest on his operating loan because the Fed increases the short-term interest rate because the price of gasoline goes up and the Fed thinks it is going to fuel inflation. And Gene Wilmarth has to buy diesel fuel to put his crops and cultivate them, and he has got to haul them to the market and to the elevator, all in a time when crop prices are one of the lowest in history. The debate is not about the President. It is not about the Congress. It is about the thousands of Gene Wilmarths across this country. They cannot take any more. How ironic it would be for the young men and women who are farming today if some of those had fought in the Gulf War to protect the countries of Kuwait and Saudi Arabia, who, in exchange for the gratitude of the nearly 300 American lives that were lost, turn around and stick it to the American people by being engaged in an international criminal conspiracy to fix the price of oil. It has got to come to a stop.
Editor's note · Context
Addressing the impact of rising interest rates and fuel prices on farmers during a floor debate.
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