Wealthiest to America: "looks like we were suckers!"
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After the 2004 election, the Village Voice did an analysis of exit polls (which I canâ€™t find now) and drew a conclusion I never saw anywhere else: turnout was very high in 2004, but it was high among all groups proportionally. The GOPâ€™s core constituents came out in record numbers and so did the Demsâ€™ most reliable voting blocks.
The only group that turned out in relatively greater numbers than everyone else were those making over $100,000 dollars. They came out in droves, voted for their tax cuts, and George W. Bush won a second ruinous term.
Which is why this article in Businessweek caught my eye. Apparently, the administration is now losing what the storyâ€™s author terms â€œthe investor classâ€: