The non-indexing for inflation raises an interesting question about whether it breaks President Obama’s pledge. Was his $250K limit in real or nominal dollars? (Emphasis mine)
Why did I laugh at this? Because I don't think Barack Obama has any idea what "real" or "nominal" dollars means. And I highly doubt that when he made that ridiculuous campaign promise that he was thinking about the most simple aspects of microeconomics: real prices, nominal prices, and indexing for inflation. Too funny. Sad, but funny.
Moving on... Ed Morrissey makes a great point when he says that Reid's decision to postpone cap and trade for so long is an indication of his readiness to smash the health care bill through the Senate. And really, the Democrats are deciding, what will be more disastrous for me? Passing HellCare or not passing anything? Get on your phones/fax machines today.
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