Comment Text:
To Whom It May Concern:
“A loaf of whole wheat. A gallon of gasoline. A pair of Levi’s. Americans are paying more for many basic items this year, making tough economic times even tougher.”
Part of the reason, according to The New York Times, is that speculators are still playing games in the marketplace. Our regulators allow them to wildly bid up the price for everyday items we need, like wheat, gasoline and heating oil.
Despite a clear directive from Congress to rein in excessive speculation, our watchdogs in Washington seem to be listening more to Wall Street, and not acting quickly enough to protect American consumers. The members of CFTC need to stop speculators from interfering with the price of food and energy. The commissioners need to stop listening to Wall Street lobbyists.
We need to impose meaningful position limits to save America's buying power or end food and oil as commodities. Otherwise, our economy will collapse.
Thank you for your consideration and perhaps a chance to save America.
America is not for sale.
