Wall Street Backlash

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Uploaded by on Feb 5, 2009

President Obama's executive pay cap for companies that receive federal funds is the first step to retain control of bailout money. Jeff Glor reports.

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News & Politics

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  • I can't believe this guy is still up there crying for the banking industry! putittogether's post is right on - they're taxing the middle class into slavery while bailing out corrupt institutions. LET THEM FAIL AND START NEW BANKS WITH THIS GOVT MONEY THAT HAVE CLEAN BALANCE SHEETS AND CAN START LENDING IMMEDIATELY - instead of just getting them back to zero where they still don't lend!!!

  • Simple math for dumb Americans:

    Middle class working person's taxes in America:

    23% Federal income tax

    11% State income Tax

    6% Social Security

    7% Sales tax

    6% Misc.

    TOTAL 53% !!!!!!

    That is over half of your working life time.

    Please note: Many hidden taxes were left out, and the real number is much higher, but to horrifying for your small minds to comprehend.

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