Seriously, anyone surprised taxes are going up NOW? Whether Obama had won or lost the election, taxes would have gone up to their pre-2001/03 levels.
Had he lost, this would have been his "eff you" to the country on his way out the door. But now that he's won, he knew the tax cut extension would expire anyway, and could lay all of this at the feet of the GOP, even if they had capitulated and given Obama everything he wanted.
But make no mistake, boys and girls--he has ZERO intention of slowing the spending down. None. Nada. Zip. He thinks he has a mandate from the people, and while I think that will backfire badly on him in 2014, his tone-deafness is legendary, as is that of the Democrats in general--hell, pretty much EVERYONE inside the Beltway is pretty much out of touch with reality of late.
And as for the liberals and mushy middle who voted for him, and the "conservatives" who stayed home--YOU OWN THIS. All of it.