Jolt
Afternoon Jolt: Made for TV
Today's Winner: Sen. Maria Cantwell
U.S. Sen. Maria Cantwell likes to talk about complicated stuff: securities markets and oil futures and the failure of the Commodities Futures Trading Commission.
During the Wall Street reform debates, Cantwell fought for legislation that strengthened the CFTC's hand when it came to regulating speculative trading. But, to her chagrin, those rules—a subset of which regulate the oil markets—are currently in limbo.
Not exactly stuff made for TV sound bites.
So we've got to hand it to our boring senator, who's gearing up for 2012, for actually turning her left-leaning wonkery into TV-friendly copy.
She only says "CFTC" once in this otherwise concise and populist TV-minute hit about rising gas prices.
From today's TV morning news, broadcast in the red-leaning 3rd Congressional District:
U.S. Sen. Maria Cantwell likes to talk about complicated stuff: securities markets and oil futures and the failure of the Commodities Futures Trading Commission.
During the Wall Street reform debates, Cantwell fought for legislation that strengthened the CFTC's hand when it came to regulating speculative trading. But, to her chagrin, those rules—a subset of which regulate the oil markets—are currently in limbo.
Not exactly stuff made for TV sound bites.
So we've got to hand it to our boring senator, who's gearing up for 2012, for actually turning her left-leaning wonkery into TV-friendly copy.
She only says "CFTC" once in this otherwise concise and populist TV-minute hit about rising gas prices.
From today's TV morning news, broadcast in the red-leaning 3rd Congressional District:
“We want to have the CFTC regulators do their job in policing this market,” [Cantwell] said. “And make sure there's transparency; that you don't have one person controlling the market and you certainly don't have people doing manipulative practices.”
Cantwell said, based on supply and demand, a gallon of gas should cost about $2.50 a gallon.
