Tuesday, April 10, 2012

Democrat Blames Obama For High Gasoline Prices

Monday in Tampa, Senator Nelson said the President should replace Gary Gensler for not enforcing trading rules. Gensler is Chairman of the Commodity Futures Trading Commission, and previously served as a partner at Goldman Sachs.

“(Gensler) has not used his legal authority to enact regulation on stopping this excessive speculation,” said Nelson, “I have asked him (President Obama) to not reappoint him.” 
This is just pure bullshit. Study after study, even some conducted by Congressional Democrats have proven that speculation has no effect on gasoline prices.


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