Comment Text:
Bryan Poitras
17 Ansel Drive
Waterboro, ME 04087-3066
February 16, 2012
David Stawick
Secretary, Commodity Futures Trading Commission
Three Lafayette Centre
1155 21st Street, NW
Washington, DC 20581
Dear Mr. Stawick:
Excessive speculation hurt the economy in 2008 and, once again, is harming
the economy in 2011. According to data recently released by the
Commission, speculators have raised their positions in energy markets by
64 percent compared to June 2008, bringing speculation to the highest
level on record.
We need meaningful, effective speculative position limits to restore
balance to commodities markets and ensure that they are connected to
market fundamentals, so that they fulfill their price-discovery function
properly and without distortions caused by excessive speculation. In
particular, I:
- support the Commission's immediate adoption of spot-month speculative
position limits; - urge the Commission to adopt effective back-month
levels that will accomplish the legislative purpose of curbing excessive
speculation; - urge the Commission to adopt single-month limits that are
no higher than two-thirds of the all-months-combined levels; - urge the
Commission immediately to adopt a position-accountability regime for the
nonspot months in place of its proposed position-visibility rule; and -
urge the Commission to adopt lower speculative position limits for
passive, long-only traders.
Time is of the essence, and I urge you to act quickly. Our pocketbooks and
the broader economy depend on it.
What has happened to real Statesmen? People elected by me to work for
me! Where have the ones gone that believe that America is a great nation?
Where are the ones that believe in equality and the constitution? "By the
people, FOR the people". It seems that too many politicians are only
interested in baiting the lobbyists to come knock on their door with what
amounts to no more than bribes. I feel sorry for America and Shame
towards Congress for kneeling at the feet of lobbyists and giving in to
greed. II Peter 2:3 - (false prophets) "in their greed they will exploit
you with false words"
Citizens are led by terrible media and extreme partisan news into
decision making of whom to elect. Mitt Romney? Are you kidding me....he
said something to the effect of "I will win because I have more money than
the other guys" Sadly he may be right about what it takes to stand a
chance. Just goes to show how most of washington is permitted to operate.
Rising gas prices have put such a damper on the economy it is
ridiculous. Think of all the goods the common person WOULD buy if they
didn't have to spend all that money on gasoline just to line the pockets
of huge corporations and greedy people who give nothing back. I used to
believe that "all work was honorable" HAHA, not these days. There is
nothing PRODUCTIVE about stealing from people and disguising it as
business. I cannot believe we allow this to happen. Take the money out
of politics and watch the greed leave and the Statesmen come back.
Do you want to allow families to suffer with this monkey on their backs?
Have YOU been chosen to stop this nonsense? Do you enjoy a mediocre
economy? Do you enjoy putting your tax dollars towards heating oil
subsidies? Do you laugh at the guy at the pump that puts 10 dollars in his
tank? Do you praise the guy that lines his pockets at the expense of me?
Do you have any morals or a conscience?
Make the right decision please, take the hard road and fix this growing
problem.
Sincerely,
Bryan Poitras
2078315209
