Political Quotes

“I am listening to my colleagues on the other side of the aisle and I am really saying to myself, who are they kidding? They are saying that this effort to cut the CFTC is for deficit purposes because, of course, all agencies have to be cut in the name of cutting the deficit. But you have to look at everything, every cut and every agency in terms of what it actually does. And we all know, we all know what the GOP is up to. The Republicans side with big banks and Wall Street and big insurance companies and Big Oil and against the middle class. So here we go again. They are siding with the Wall Street speculators and the profiteers by cutting the CFTC. Well, what does the CFTC do? It is responsible for policing commodities trading and speculation, including oil and food products. Well, I have to tell you, last week we were at home, we weren't in session, and what did I hear from my constituents? All of them are very concerned about the price of oil going up and about the price of food going up. So you are basically taking money out of the middle class people's pockets. {time} 2100 The average American has got to pay more for oil because of speculation. And more for their food. And it hurts the economy because if people have to pay more money for that, then industry, for example, has to pay more if they want to function, because the oil costs more. And it has a downward effect on the economy.…”