The genetic engineering of plants and animals is looming as one of  the greatest and most intractable environmental challenges of the 21st  Century. Already, this novel technology has invaded our grocery stores  and our kitchen pantries by fundamentally altering some of our most  important staple food crops.
By being able to take the genetic material from one organism and  insert it into the permanent genetic code of another, biotechnologists  have engineered numerous novel creations, such as potatoes with bacteria  genes, “super” pigs with human growth genes, fish with cattle growth  genes, tomatoes with flounder genes, and thousands of other plants,  animals and insects. At an alarming rate, these creations are now being  patented and released into the environment.
Currently, up to 40 percent of U.S. corn is genetically engineered as  is 80 percent of soybeans. It has been estimated that upwards of 60  percent of processed foods on supermarket shelves–from soda to soup,  crackers to condiments–contain genetically engineered ingredients. 
A number of studies over the past decade have revealed that  genetically engineered foods can pose serious risks to humans,  domesticated animals, wildlife and the environment. Human health effects  can include higher risks of toxicity, allergenicity, antibiotic  resistance, immune-suppression and cancer. As for environmental impacts,  the use of genetic engineering in agriculture will lead to uncontrolled  biological pollution, threatening numerous microbial, plant and animal  species with extinction, and the potential contamination of all  non-genetically engineered life forms with novel and possibly hazardous  genetic material.
Despite these long-term and wide-ranging risks, Congress has yet to  pass a single law intended to manage them responsibly. This despite the  fact that our regulatory agencies have failed to adequately address the  human health or environmental impacts of genetic engineering. On the  federal level, eight agencies attempt to regulate biotechnology using 12  different statutes or laws that were written long before genetically  engineered food, animals and insects became a reality. The result has  been a regulatory tangle, where any regulation even exists, as existing  laws are grossly manipulated to manage threats they were never intended  to regulate. Among many bizarre examples of these regulatory anomalies  is the current attempt by the Food and Drug Administration (FDA) to  regulate genetically engineered fish as “new animal drugs.” Yet, at the  same time, the FDA claims it has no jurisdiction over genetically  engineered pet fish like the Glofish.
The haphazard and negligent agency regulation of biotechnology has  been a disaster for consumers and the environment. Unsuspecting  consumers by the tens of millions are being allowed to purchase and  consume unlabeled genetically engineered foods, despite a finding by FDA  scientists that these foods could pose serious risks. And new  genetically engineered crops are being approved by federal agencies  despite admissions that they will contaminate native and conventional  plants and pose other significant new environmental threats. In short,  there has been a complete abdication of any responsible legislative or  regulatory oversight of genetically engineered foods. Clearly, now is a  critical time to challenge the government’s negligence in managing the  human health and environmental threats from biotechnology.
CFS seeks to halt the approval, commercialization or  release of any new genetically engineered crops until they have been  thoroughly tested and found safe for human health and the environment.  CFS maintains that any foods that already contain genetically engineered  ingredients must be clearly labeled. Additionally, CFS advocates the  containment and reduction of existing genetically engineered crops.
Notes:
This source lists more of the cons of GMOs, but instead of just complaining proposes a solution!
Crops | The Center for Food Safety." The Center for Food Safety | Protecting Human Health and the Environment. Web. 03 May 2011. <http://www.centerforfoodsafety.org/campaign/genetically-engineered-food/crops/>.
 
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