GOP Offers Fiscal Cliff Proposal, Boeing Gets Big Taxpayer Bucks, New York Times Sheds Jobs : P.M. Links
- House Republicans have a fiscal-cliff counteroffer for Obama that's a little heavier on cuts and lighter on taxes than the president's own scheme. Basically, it's less sucky than the White House proposal.
- In 2012, 82 percent of the U.S. Export-Import Bank's taxpayer-backed loan guarantees went to one company: Boeing. That's a cool $12 billion. Honestly, these people aren't even pretending anymore.
- The New York Times is shedding yet another 30 newsroom positions. Wait … wait. I feel a tear coming. No, that was an eyelash.
- Spain is, once again, brandishing its tin cup in search of another €39.5 billion in bailouts. It wants the bailout so it can bailout its own banks. It's broke turtles all the way down.
- The Greek government is having better success than anticipated in buying back its bonds and thereby cutting debt. Yes, but can the Greek people learn to love working in real jobs?
- The wind-energy industry is hoping for an extension of tax breaks set to expire at year's end because, basically, the business isn't viable on its own.
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