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December 03, 2012 6:20 PM Day’s End and Night Watch

By Ed Kilgore

Political news got off to a decent start today but then started to dry up as everyone stared at the GOP fiscal “counteroffer,” meagre as it was. In any event, here are some remainders of the day:

* White House rejects GOP “counteroffer,” suggesting any plan that does not involve higher tax rates on wealthy cannot be “balanced.”

* Nice combo platter from third-quarter GDP numbers: after-tax corporate profits hit all-time high as percentage of GDP just as wages hit all-time low share.

* Romney finally passes John McCain’s 2008 popular vote totals as final tally nears.

* At Ten Miles Square, Greg Anrig evaluates the risk that obstructionist states will be able to screw up implementation of Obamacare.

* At College Guide, Daniel Luzer reports that rising costs are rapidly eroding the belief of Americans that a college education it’s worth the money.

And in non-political news:

* Yglesias reports Delta Airlines moving to obtain stealth control of Virgin Atlantic to get access to European airports.

As a valedictory to another day of news-cycle blogging, here’s Procol Harum performing “Bringing Home the Bacon” on Danish television in 1974.

Ed Kilgore is a contributing writer to the Washington Monthly. He is managing editor for The Democratic Strategist and a senior fellow at the Progressive Policy Institute. Find him on Twitter: @ed_kilgore.

Comments

  • schtick on December 03, 2012 10:04 PM:

    Record corporate profits is news? They've been in record profits through most of the "recession" while the rest of us are losing. That's why they want more and more tax breaks, so the 99% have nothing left and we have to beg them to screw us.