So what else is new? I voted on the wrong side of the presidential election and on Prop 8 and now I made the wrong prediction about capital gains. So it goes. Of course, the almost comically complaisant media didn’t ask the President-elect a single interesting question, let alone probing him about whether he intended to honor his pledge about raising capital gains taxes, even though we are in an economic meltdown. I obviously had no idea what his advisers said to him, but it’s hard to imagine Warren Buffet or Robert Rubin recommending an increase in capital gains in the current environment.