Obama will never learn.
At least the previous Democratic President learned to shift his political strategy after suffering through a shellacking of his own two years into his first term.
Once again, the current President wants to tax the rich.
Who are these people, whom the President insists on treating like perennial, pervasive piggy banks, all ready for the pilfering?
The same people who have wisely and judiciously moved their stocks, bonds, and investments into off-shore accounts and hard-box trusts, where the prying hands of the state can never get them.
He has already raided Medicare to the tune of $500 billion dollars. He has forced $! trillion in wasted stimulus funds on a nation which needs more liberty, not more of its own money taken by legal theft.
He has played fast and loose with tax cuts and unemployment benefits, which only stir up mixed signals in the employee-employer market place. Why invest if you have no idea how much money you will be able to keep after sales? Why work when the state subsidizes you to stay at home and "look for employment"?
Whether the Republicans resist Obama's further forays into fiscal insanity out of principle or politics is besides the point. The President is a one-not tax-and-spend liberal with no other ideas beyond increase the size and scope of the state.
Taxing the rich will lead to eating the rich, at which point there will be no more rich people left. And that's just rich!