Carl Levin actually said...

Congress enacted the new law not only to protect consumers and businesses from unreasonable prices...

Transferring that much purchasing power from consumers on Main Street to speculators on Wall Street puts a severe drag on the economy.

Speculators, who by definition do not plan to use the commodities that they trade but profit from the changing prices...

Commodity prices have whipsawed American families, farms, and businesses, run roughshod over supply and demand factors.