The economic problems aren’t all Obama’s fault, but his policies have hobbled the recovery and invited the double dip that the EU has been racing towards.

This is why I say give the man his tax hikes, while publicly declaring we don’t think they will work, and let him and the Democrats own the results.

Besides, the American electorate has spoken, it is what they want, and perhaps they will draw some education from the results.

Perhaps. It’s clear Obama doesn’t care if we go over the cliff. He can pocket the increased taxes on everybody and blame the Republicans. But it’s telling that he never specifically said “thousandaires” until after the election. (Doesn’t play to the millionaire/billionaire narrative.) These taxes will mostly affect those who derive their wealth from “earned” income, including the self-employed, dual income married couples at the peak of their earning years and small businesses that file individually and from whose “earnings” they hire and pay their employees/benefits, their payroll taxes and, if anything’s left, their own salary and insurance. My spouse and I fall into the last category. Our response to these increases–which will be far higher than the rates under Clinton due to AMT and phaseouts–will be to cut back, reduce investment and spending, and move more assets to less taxable assets like passive real estate. So Obama will be lucky if he gets even half the projected $82B a year. Yes, it will be a painful lesson, but unfortunately the producers will bear the brunt of it initially.

You would like to believe all the taxpayers voted for Romney and all the nontaxpayers for Obama, but it just isn’t so.

The good news, once the dollar goes up in flames, birth control and tampons will be the new currency. Lets see them quantitatively ease that

“Vagina voters”?

I knew something about this election smelled fishy.

Shit.

Thanks. We’ll see how long this stretch of unemployment lasts. My longest was 8 months in 1993 (Bill Clinton), though I had 2 stretches of 6 months each under Obama with only a 3-month contract between them. I’m hoping it doesn’t come to that again.

Godspeed.