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Markets that might affect gas prices. that includes the role of traders and speculators. we're going to make sure that nobody is taking advantage of american consumers. >> attorney general eric holder said that we will be vigilant in monitoring the oil and gas markets for any wrongdoing so that consumers can be confident that they are not paying higher prices as a result of illegal activity. let's bring in the commissioner on the consumer futures trading commission, bart chilton and former north dakota senator byron dorgan. thanks for your time tonight. mr. chilton, what is your role going to ...

Okay. ed, what the republicans put in place was the first part of this. the senate has to do theirs. but you have other pieces of legislation. >> true. >> that are going to be introduced. >> true. >> the president has introduced a budget. what you have from the republican leadership is the beginning of the framework, the beginning of a conversation. >> that's where we disagree. >> wait a minute. you may disagree with our framework, ed, and that's your prerogative. this is how we see this thing getting played out. >> all right. mr. steele. >> yes, sir. >> john boehner and the leadership in the ...

A lot of these investigations are key, ed, that we work together. too often as you know government siloed. this is going to help us out. >> finally, senator dorgan, this is a pretty big moment for the attorney general is it not? this has got to have some teeth to it. >> it is. and it needs to have some teeth because as i said, we've been through this before. we'll go through it again unless and until somebody takes a look at the law that created these -- this trading which has by the way a provision in it that talks about excess speculation. it was never intended these markets be captured by e...

Hard to do that. i believe they're really trying to find that balance between private sector and public sector and, you know, collective bargaining versus not. >> that's a great point, michael. but what is the balance when you want to fundamentally change collective bargaining in america? that's both what these gentlemen are concerned about and they feel like they've been under attack as middle class americans. it's not the democrats. it's the republicans. >> it's a legitimate -- well, republican leadership that's in place and where these issues are coming up, you know, i can't speak for what'...

Not to accept that fact including donald trump who happens to be pulling prolling damn well these days. why is that? well this is what he's talking about. this is his issue, where president obama was born. there's been so much conversation on one network about it, so much talk on talk radio across america about it. now they have got the majority, a strong majority of republicans believing that the president is not a citizen of the united states. can we get to the facts? can we have a conversation about what's real and what's not real? joining me now is michael steele, a former chairman of the ...