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Article: The New U.S. Electorate: Why The Rich Voted Against Their Self Interest, For Obama.(International Edition; PERISCOPE)(rich people in United States on Barack Obama)
- Article from:
- Newsweek International
- Article date:
- November 24, 2008
- Author:
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Byline: Daniel Gross
Barack Obama's election was a grand day for Bushenfreude, the phenomenon of angry rich folk funding populist Democratic campaigns. People who work in financial services and related fields have benefited hugely from President Bush's tax cuts, but have become so alienated by the incompetence and crass social conservatism of the Bush-era Republican Party that they're voting against their wallets. Though Obama pledged to unite the country, he singled out one group for ridicule: at his rallies, he would ask for a show of hands of those making less than $250,000 a year. Then he'd note that those in the majority would get their taxes cut, while the ...