Forbes – As the 2012 presidential elections approach on the horizons, questions remain about which way Wall Street will lean. In particular, hedge funds and private equity funds may soon bear a serious grudge against President Obama and his Democratic Party, despite having contributed so heavily to their electoral success in 2008.
Tax increases will almost certainly play some part in the Democrats’ proposal to the bipartisan Congressional committee, when they assemble to consider the minutiae of the $1.5 trillion in deficit cuts that are required pursuant to the debt ceiling deal agreed last month between Obama and Congress.
