Most times that I write to The Bulletin, I seem to criticize Sen. Jeff Merkley. He may want to take me off of his email list.
On Aug. 6, Merkley’s office released a statement “to call attention to Wall Street speculation in commodity markets that is driving up the prices of aluminum, copper, gas, and electricity.”
The senator categorically condemns the American financial system. “Something is very wrong with America’s current system of finance,” he tells us.
Let’s check the facts. The price of aluminum is approximately what it was in 1994. Copper is no more expensive than it was five years ago. Against what rampant speculation is Merkley crusading, then?
Why would a member of the Senate Banking, Housing and Urban Affairs Committee take an antagonistic position against fundamental financial institutions in the U.S.A.? With his populist posturing, he’ll alienate anyone with the power to implement financial reform (the government can’t do it alone).
The senator should produce something more credible in return for Oregon electing him to the Senate.