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Detailed text transcripts for TV channel - CNN - 20101214:00:04:00

Certainly you re going to see a series in rulings, but even in the two we ve seen so far that went the federal government s way on the individual mandate, the federal government was ruled against in both cases on their tax argument. and there are two arguments in this case. the individual mandate, whether or not it s constitutional, and whether or not the penalty, if you disobey the government instruction that you must buy their government-approved insurance is a tax. and the federal government lost again on the tax argument in addition to the individual mandate today. this is obviously a very important ruling. but as you ve pointed out here on this show, this one is probably going to the supreme court. we hope it gets there soon because it certainly introduces an amazing amount of uncertainty for our whole economy. let s get to that point. your position is this law is unconstitutional. the admissied administration cl disagrees. you re in a bit of a limbo. you re thinking, should i c ....

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