First it was $250,000. Then it was $200,000. Now, we've got Obama and his fellow Democrats saying $50-70,000. Yeah, do you feel richer for knowing that you're now considered rich by the Obama campaign and its Democratic party allies?
Hillbuzz has the video.
As I pointed out yesterday, Obama's plans for the coal industry would amount to yet another tax on everyone - regardless of your income level. The cap and trade fees would be passed on to the end users; the companies that don't go bankrupt would be forced to pass on the costs to the consumers. Everyone would pay higher energy costs as a result because 50% of the nation's electricity is generated from coal.
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