How Do Republicans Explain This?
I thought businesses would be firing people left and right. I thought unemployment would be exploding. I thought tax receipts would be falling according to the Republican interpretation of the Laffer Curve. I thought Fox News and CNBC said we would be headed for a major Depression caused by higher taxes.
Wrong.
So very wrong in fact, my guess is that both Fox News and CNBC will totally ignore their own predictions and indeed ignore this entire story. The reality-challenged chuckleheads on Fox News can be somewhat excused for their allegiance to their employer’s completely biased content, but CNBC cannot. CNBC tries to pass itself off as a respectable financial source but in reality is filled with nothing but shills for the Republican Party and Libertarian/Dudebro/Tea Party loons like Santelli. Eager to rant about lower economic times but quick to ignore reality that challenges and refutes their long-debunked economic theories. To them, higher taxes and Obamacare automatically means lower tax revenues, more unemployment, businesses firing employees, etc etc etc. Expect no mea culpas. They do not have that sort of honor.