On the recordJune 14, 2011
If I mentioned the Commodity Futures Trading Commission, there would be a lot of glazed-over eyes. But if I mentioned high gasoline prices and food prices that are going through the roof, the American public would understand that. So let me tell you that our Republican friends, who want a sea of deregulation so that consumers won't be protected, are attacking the body that regulates speculation on gasoline prices and food. What does that mean? It means that every time you go to the grocery store as a working, middle class family, all you can see is the price of food going up, up, up. Yes, we have had storms, and we have had droughts. But the reason is, the speculators are gambling on food prices. They are gambling on gasoline prices. So the hardworking Americans that are working are getting the short end of the stick. Can you imagine, here we go with Republicans again, defeating the consumer. Democrats are ready to fight for jobs. We're ready to get rid of those speculators and fund the Commodity Futures Trading Commission that deals with protecting consumers. Is there no shame? Is there no shame? Protect the consumers and fund the CFTC. ____________________
