(originally posted in 2010)
Chevy Chase, MD, is an affluent suburb of Washington DC. Median household income is over $200K, and a significant percentage of households have incomes that are much, much higher. Stores located in Chevy Chase include Tiffany & Co, Ralph Lauren, Christian Dior, Versace, Jimmy Choo, Nieman Marcus, Saks Fifth Avenue, and Saks-Jandel.
PowerLine observed that during the 2008 election season, yards in Chevy Chase were thick with Obama signsand wondered how these people were now feeling (in October 2009) about the prospect of sharp tax increases for people in their income brackets.
The PowerLine guys are very astute, but I think they were missing a key point on this one. There are substantial groups of people who stood to benefit financially from the policies of the Obama/Pelosi/Reid triumvirate, and these benefits can greatly outweigh the costs of any additional taxes that these policies require them to pay. Many of the residents of Chevy Chasea very high percentage of whom get their income directly or indirectly from government activitiesfall into this category.