Absolutely horrifying news from Vermont: Gov. Peter Shumlin has scrapped Vermont's plan to institute a single-payer health care plan by 2017, citing its cost, naturally. A state income tax rate of up to 9.5%, by Ford! Is he aware that some New Jersey residents already pay that much? And why does he shrink from an 11% payroll tax hike when corporations are already likely paying 20% of their workers' salary on health insurance? And did Mr. Shumlin ever calculate the boom in tax revenues that would happen when businesses and corporations relocate to Vermont, knowing health insurance would actually cost less for them? Oh, well -- "it is not the right time for Vermont" will surely be remembered alongside Mr. Churchill's "this was their finest hour." Typical Democrat weakness.
Ho hum, the Federal Reserve allows banksters to hold on to their private equity and hedge fund investments for two more years. You may recall that the "Volcker Rule" would prevent banks from holding various kinds of securities so that they, you know, act like banks, but banks got the reprieve after complaining that they'd have to sell these securities at "discount" prices to comply with the rule. Jesus Mary and Joseph what is the difference between being really rich and really really rich? At least Paul Volcker himself gets the best word, if not the last word.
Surprise, surprise, the "liberal" media uses the controversy over banking regulations to call Democratic populists "demanding and disruptive" and laud the "can-do desires of establishment Democrats." What the latter group "can do," of course, is sell out the popular will to the banksters, as if "governing" means ignoring your constituents, whose interests you're supposed to represent. When we see Congress trying to steal Social Security and Medicare for their corporate paymasters, the "liberal" media will call that "mature governing," and when Elizabeth Warren fights it, at least one "liberal" media figure (who wants to bet on whom it will be?) will drop the b-word on her.
Patrolmen's Benevolent Association President blames "those that incited violence on the street under the guise of protest" for the cold-blooded murder of two cops sitting in their patrol car. I guess it's too much to ask for a public figure to blame, oh, I don't know, the shooter, who did not carry a protest sign or break off from a crowd of protestors. The next fool who utters something like this will probably just up and call protestors "terrorists," and then we'll have to slay that zombie lie, over and over again. At least we'll be on the side of righteousness when we do.
Gallup poll finds President Obama's approval rating at its highest level in over half a year. But does author Justin Sink really think Mr. Obama's actions on behalf of that noxious spending bill might be a factor in his rise? Why can't it be because he's lately refused to let Republicans kick sand in his face for the first time in six years? People do respond to folks who don't back down, after all, even when they don't agree with them.
Finally, Ralph Nader, America's Greatest Citizen, reminds us that "Toys from Abusive Chinese Factories Bring No Holiday Cheer." You're likely familiar with most of the details already, but perhaps not this observation from China Labor Watch: "Many toy companies divide their toy orders among dozens or hundreds of factories...Toy companies will also use this as a basis for avoiding responsibility for poor labor conditions. For example, if CLW uncovers labor rights violations at a Disney supplier factory in China, Disney might respond that it only maintains a small number of orders in the plant and is unable to influence the factory’s behavior." Buy local and buy small, folks, and put the Christ back in Christmas.