Comment Text:
My name is Rashid Patch, I drive 30 minutes each way to and from work. If I take public transit, it takes almost two hours each way, so I have to drive.
Although I am employed, since 2008 my hours were cut from 40 hours per week to 30, and then again to 20 hours per week.
I feel the effects of every small increase in the price of gas - and food prices also. I have had to apply for foodstamps to get by on my reduced income
I urge you to curb excessive gambling in commodities markets like food and oil.
While many factors contribute to today’s highly volatile commodity prices, it is clear that excessive speculation is partially responsible, as shown in dozens of studies by respected institutions such as Princeton, MIT, Petersen Institute, University of London, Yale, the United Nations and the U.S. Senate.
Speculation thus imposes financial hardships on families around the country. Sudden rises in gas and food prices force us to make difficult decisions and sacrifices. Especially right now, with so many families struggling, and unemployment barely beginning to decrease, we cannot allow speculators to unduly affect our food and gas prices.
Please put in place effective position limits rules, and do not allow them to be undermined by exemptions or exceptions, or allow Wall Street gamblers to escape them.
Thank you for your consideration.
