As I've said in other threads, I think the term "class warfare" just becomes a red herring no matter who uses it, for whatever purpose. But the underlying concept is certainly something that the Obama campaign utilized to sell a certain narrative about the causes of the financial crisis. I see a lot of that narrative in the OP, and I just disagree. I think partly the sales pitch of this narrative hinges on painting the top 1-10% as shadowy "robber barons", instead of the goofy schmoes (read: actual regular humans) on, say, the show Undercover Boss, who may be seriously disconnected from the human consequences of their bean counting, but aren't consciously trying to do anything but be successful managers. But more importantly, it hinges on this completely fantastical casting of one of the most regulated markets on earth (wall street) as some anarchic money orgy. This narrative has been so successful that even when you ask the large majority of those who describe themselves as well-informed on the causes of the housing crisis and ensuing recession, they aren't even aware that the entire purpose of the existence of Fannie Mae and Freddie Mac, two of the biggest players in the housing crisis by anyone's estimation, are government-sponsored regulatory agencies. That's what they do. They regulate secondary markets. That's their entire purpose.
I'd say Obama's re-election wasn't so much an embrace of class warfare as it was a slim rejection of all the social conservative hijinks that dominated the media for months and months. And rightfully so, we're just not that country anymore where an old white dude can talk about God and rape on national TV and not creep people the f*ck out. But I also think there is this general popular drive for "equality", or more specifically "income equality". It has become the refrain of all of our tax discussions, for reasons I'm still not entirely clear about based on the math, but as Kurt Vonnegut hilariously pointed out decades ago, most people just don't consider the real life social implications of any kind of government forced equality, much less financial equality. It would require a level of authoritarianism in government that even the dialectic wizards on this site wouldn't be able to morally justify. Besides that, the problems we are facing with income inequality between corporations and workers in America are not being caused by unfettered capitalism, but by this incestuous revolving door relationship between business and government in this country. People in this thread are talking about tax loopholes and corporate law as if these aren't the domain of the US government, and then turning back around and, with a straight face (figuratively speaking) offering LACK of government oversight as the problem. It's insane. The concentration of wealth from a handful of multinational corporations isn't a result of the free market, it's a result of government shielding those special corporations FROM the free market. From the consequences of their own failures. It's not capitalism, it's not socialism, it's this frankenstein's monster of a system where gains are capitalized and losses are socialized for the biggest companies, while everyone outside the bubble is left with a lopsided table with strict instructions to play the game right. It's a cold fact that the majority of congressmen and women eventually leave public service to work in the lobbying sector. This isn't some weird anomaly. The game IS rigged. By the only ones with the keys to the machine.