Weekly Address: Protecting Working Americans’ Paychecks
Source: White House
In this week’s address, the President highlighted the progress made protecting American consumers since he signed Wall Street reform into law five years ago, including an important new step taken by the independent Consumer Financial Protection Bureau earlier this week toward preventing abuses in payday lending.
The President emphasized his commitment to fighting to advance middle-class economics and ensure everybody who works hard can get ahead, while opposing attempts by Republicans both to weaken the CFPB and give large tax breaks to the wealthiest Americans at the expense of the middle class.
Read more: https://www.whitehouse.gov/blog/2015/03/28/weekly-address-protecting-working-americans-paychecks
Transcript
https://www.whitehouse.gov/the-press-office/2015/03/28/weekly-address-protecting-working-americans-paychecks
(snip)
As Americans, we believe there’s nothing wrong with making a profit. But there is something wrong with making that profit by trapping hard-working men and women in a vicious cycle of debt.
Protecting working Americans’ paychecks shouldn’t be a partisan issue. But the budget Republicans unveiled last week would make it harder, not easier, to crack down on financial fraud and abuse. And this week, when Republicans rolled out their next economic idea, it had nothing to do with the middle class. It was a new, more-than-$250 billion tax cut for the top one-tenth of the top one percent of Americans. That would mean handing out an average tax cut of $4 million a year to just 4,000 Americans per year, and leaving the rest of the country to pay for it.
I don’t think our top economic priority should be helping a tiny number of Americans who are already doing extraordinarily well, and asking everybody else to foot the bill. I think our top priority should be helping everybody who works hard get ahead. This country does best when everyone gets their fair shot, everyone does their fair share, and everyone plays by the same set of rules.
That’s what middle-class economics is all about, and as long as I’m your President, that’s what I’ll keep on fighting to do.
= new reply since forum marked as read
and efforts to reign them in. 
If you go into any big city, you will see the poorest neighborhoods littered with these, along with check-cashing places and pawn shops. This because banks (as well as supermarkets) refuse to open up shop there.
Thanks for posting! 
Listened this morning on my local news radio station and also glad to hear his mention about the "tax breaks for the top 1/10th of 1%"ers that is currently in the GOP joke of a fiscal year 2016 budget.
