Wayne Jett explains what "deemed passed" means in the context of the health care bill

According to media reports, House Democratic leaders were tempted to approve the Senate’s health care bill by applying the arcane, “deemed passed” rule.

Wayne Jett is the managing principal and chief economist for Classical Capital LLC who has been a guest on our radio show several times in the past, including his most recent appearance on Feb. 2.

In today’s broadcast, Wayne will offer his perspective about the economy and explain the deemed passed rule in layman’s terms.