"The hardest thing in the world to understand is the income tax." - Albert Einstein

Nancy Pelosi Wants To Be House Minority Leader

Specifically:

“Based on those discussions, and driven by the urgency of protecting health care reform, Wall Street reform, and Social Security and Medicare, I have decided to run,” Ms. Pelosi wrote in her letter.

Admittedly, I don’t entirely know how these things work, but I have have to think her chances aren’t good based on the way elections turned out. Even if it isn’t entirely her fault, I would expect her to be held at least partially responsible for her party losing the majority.

Fear The Boom And Bust…LIVE!

The guys at EconStories are back at it, this time with a live smaple of the the sequel to their original video:

Reason.tv: 3 Reasons This Election Didn’t Change A Thing

As usual, Reason gets it right. Things aren’t fixed with more conservatives. Could be a step in the right direction, but that’s it.