In response to:

More Pain, Less Gain

karpe diem Wrote: Nov 20, 2012 1:37 AM
it is very obvious. capitalists create more millionaires. socialists create more poor people. obama created the most poor people of any gov't in history. he is the most socialist of any president ever.

President Obama and the Democrats have made a cottage industry of peddling "tax hikes for the rich" as the way out of the fiscal crisis precipitated by ObamaCare and other profligate spending.  

But with reports and polling showing that upper income spending has fallen since the beginning of September, the country may have a chance to see that "tax hikes for the rich" are not as costless as the administration and Democrats want Americans to believe.

The "rich" are pulling back in anticipation of tax increases coming down the pike in 2013.  As a result, it looks like they...