Is this a circular argument? People voting to raise others' taxes instead of their own or the acceptance and validity of this opportunity being on the ballot. Presumably there were two separate motions, one for general sales tax and one to raise the top end of marginal rates and the results were certainly predictable.
Obama made a point of the (past) fact of the nation comprising 2 pct of world population accounting for 25 pct of world consumption. What was not said was the other side where 2 pct accounted for 25 pct of world economy. Fairness to Obama is 2 pct population is equal to 2 pct of total economic activity.