- Nov 7, 2012
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* The President overcame furious lobbying by big banks to pass the most far reaching reform of Wall Street in history, which will prevent the excessive risk-taking that led to the financial crisis while providing common-sense protections to American families for their mortgages and credit cards.
The law created the Consumer Financial Protection Bureau to prevent mortgage companies and pay-day lenders from exploiting consumers.
** President Obama negotiated a bipartisan agreement that led to a payroll tax cut for 160 million working Americans, giving them in effect a 2 percent raise through the end of 2012. A family earning $50,000 got a tax cut of around $1,000, or about $40 with every paycheck.
THIS IS HOW THE LEADER OF THE FREE WORLD SHOWS SUPPORT OF THE 99% of the REAL AMERICANS; OUR MIDDLE CLASS!
THANK YOU PRESIDENT OBAMA!
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