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  • Newsweek: Why the wealthy voted for Obama and higher taxes

    11/10/2008 12:32:39 PM PST · by drzz · 60 replies · 516+ views
    Newweek ^ | 11/10/08 | Daniel Gross
    For several years, I've been writing about Bushenfreude, the phenomenon of angry yuppies—who've hugely benefited from President Bush's tax cuts—funding angry, populist Democratic campaigns. I've theorized that people who work in financial services and related fields have become so outraged and alienated by the incompetence, crass social conservatism, and repeated insults to the nation's intelligence, of the Bush-era Republican Party, that they're voting with their hearts and heads instead of their wallets. Last week's election was perhaps Bushenfreude's grandest day. As the campaign entered its final weeks, Barack Obama, who pledged to unite the country, singled out one group of...