Obama Release on “Enron Loophole”
Mark Halperin
Time
Obama Announces Plan to Fully Close the Enron Loophole, Crack Down on Excessive Energy Speculation
As President, Obama will restore common-sense regulation to ease the impact of soaring gas prices
CHICAGO, IL—Senator Barack Obama today announced his plan to crack down on excessive energy speculation and fully close the “Enron Loophole” to ease the impact skyrocketing gas prices. The Enron Loophole was created by McCain campaign co-chair Phil Gramm at the behest of Enron—just one example of the special interest politics that put the interests of Big Oil and speculators ahead of the interests of working people. And the American people have seen the results: record corporate profits while Americans pay record prices at the pump.
“For the past years, our energy policy in this country has been simply to let the special interests have their way—opening up loopholes for the oil companies and speculators so that they could reap record profits while the rest of us pay $4.00 a gallon,” Senator Obama said. “My plan fully closes the Enron Loophole and restores common-sense regulation as part of my broader plan to ease the burden for struggling families today while investing in a better future.”
(Continued here.)
Time
Obama Announces Plan to Fully Close the Enron Loophole, Crack Down on Excessive Energy Speculation
As President, Obama will restore common-sense regulation to ease the impact of soaring gas prices
CHICAGO, IL—Senator Barack Obama today announced his plan to crack down on excessive energy speculation and fully close the “Enron Loophole” to ease the impact skyrocketing gas prices. The Enron Loophole was created by McCain campaign co-chair Phil Gramm at the behest of Enron—just one example of the special interest politics that put the interests of Big Oil and speculators ahead of the interests of working people. And the American people have seen the results: record corporate profits while Americans pay record prices at the pump.
“For the past years, our energy policy in this country has been simply to let the special interests have their way—opening up loopholes for the oil companies and speculators so that they could reap record profits while the rest of us pay $4.00 a gallon,” Senator Obama said. “My plan fully closes the Enron Loophole and restores common-sense regulation as part of my broader plan to ease the burden for struggling families today while investing in a better future.”
(Continued here.)
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