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And speculators use it as a chance to spike prices, to drive up prices. and when republicans were in control, the -- and their allies on wall street, they clearly just operated in the dark. they never went after the speculators. that why we wrote into the dodd-frank bill, we gave the government, the cftc, the tools, if you will, to go after the speculators. we bring transparency. they would have to tell us -- we'd know how many speculators were in the market, what they were buying, the quantity they were buying and selling. that's why we need to enforce it. the president needs somebody strong ...

Right direction. but it's fragile. and if gas prices go where they could go, unchecked, and speculators running rampant in the market, if we see $4 a gallon gas and go through what we went through in 2008, this recovery could be tanked. isn't this a critical juncture right now for the democrats to make sure this gets done? >> yeah, it's a critical juncture for the country especially importantly. i was at the gas station talking to people in norwood, maybe two weeks ago, a couple sundays ago in cincinnati. there's real fear among small business people, among people looking for work, people who ...

Where the president was on position limits. he said he didn't. where do you stand on position limits? where should the president stand on position limits? >> i think the president's moving in the right direction on this. i think that he wants to put somebody strong to replace dunn on the commission. i think he's empowered gents ler of the cftc to be aggressive. i know he's fighting for the budget as we are to make sure once the rules are in place, that the budget is enough, that they can go after -- you know, bring them out of the dark, these speculators, and make sure that they in fact can go...

Fire at a refinery or outage in a pipeline, or any unrest in the middle east, the oil industry and speculators use it as a chance to spike prices, to drive up prices. and when republicans were in control, the -- and their allies on wall street, they clearly just operated in the dark. they never went after the speculators. that why we wrote into the dodd-frank bill, we gave the government, the cftc, the tools, if you will, to go after the speculators. we bring transparency. they would have to tell us -- we'd know how many speculators were in the market, what they were buying, the quantity they ...

Limits? where should the president stand on position limits? >> i think the president's moving in the right direction on this. i think that he wants to put somebody strong to replace dunn on the commission. i think he's empowered gents ler of the cftc to be aggressive. i know he's fighting for the budget as we are to make sure once the rules are in place, that the budget is enough, that they can go after -- you know, bring them out of the dark, these speculators, and make sure that they in fact can go after what they need to. it's not just oil prices. it's grain prices. speculators can make a ...