I have gas: Gassed up this morning at $2.75/gal, and it was under $30 for a tank (I do the smart thing, and drive a car that’s thrifty to operate). Anywho, remarkably cheap these days for everyone, and perhaps worthy of more conversation were it not representative of a failure for the Obama administration. Fair to say when they came into power they at least vaguely wanted to ‘be like Europe’ with their $8/gal gas. Thank you, North Dakota. Thing about North Dakota is hardly none of that land is visually attractive enough to have spurred past administrations into designating it into park land. Very scrubby country, certainly where the oil is.
Watched Ferris Bueller this weekend with the kids. Very interesting to watch it with educated, adult eyes. Ben Stein does about a minute on the Laffer curve. That was obviously a bit of wry commentary from both Stein and John Hughes. Not your typical move fare then or now.
Gruber-gate. We’re up to 9, I think. 6, I think, is an acknowledgement by Gruber that with the Cadillac tax pegged to inflation and not medical inflation, it will in the years coming after 2018 be brought to be bear on most everyone who has employer insurance. The predictable result will be that employers reduce the value / expenditure of their health insurance benefits, with no doubt an eye toward eliminating health benefits entirely. Little white lie / lack of transparency that was done to move the ball. Too many recalcitrant stupid people who would object to taking away their employer insurance so they could be thrown onto the exchanges where insurance would generally be diminished vs. their premiums and they would subsidize or be subsidized depending on their incomes. Now, you may believe noble lies are OK or you may not, but I think it’s inarguable that the turd the American people got for this lie doesn’t justify it. As significantly diminished insurance for the middle class to cover a few people, Obamacare wasn’t worth the lie. And ya know, it won’t stand. In the popular narrative, Obamacare is commonly understood as a pack of lies. Cadillac tax won’t ever be imposed. President Obama may not repeal it, but President Rand or President Hillary will. A Democrat president like Hillary in particular will be forced to.