Day’s End and Night Watch

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

Ed Kilgore, a Monthly contributing editor, is a columnist for the Daily Intelligencer, New York magazine’s politics blog, and the managing editor for the Democratic Strategist.