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Monday, December 13, 2010

I'm shocked, shocked to find that Main street America just doesn't get it

88% of Americans are against huge Wall Street bonuses. 71% want them banned outright while another 17% want the bonuses taxed at 50%. 7% think they should remain as an incentive while the 'not sure' 5% are obviously in a coma.

But wait, aren't our wise overlords in Washington telling us that if we tax the wealthy too much or deprive them of their billions no jobs will be created and the private jet industry will be devastated. Maybe Spencer Bachus, the incoming chairman of the House Financial Services Committee believes that Washington and regulators are there to serve Wall Street.

He has also remained a staunch opponent of the creation of the new Consumer Financial Protection Bureau. You can obviously fool most of the people most of the time.

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