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Today's all purpose post begins with the quote of the day. It comes from the LA Times:
From the beginning, fast food and beverage company executives were uneasy about President Obama. He and his wife were known advocates of healthy eating.
That is scary! Advocates of healthy eating could pose a real problem. The industry's response is our chart of the day:
The entire story is worth reading. As a policy matter I'm not sure whether I support a tax on sugared beverages or not, but in the end it really doesn't matter. What matters is that the food industry doesn't want it, they're willing to spend a lot of money to make sure it never happens, and both interest groups and politicians are unwilling to risk losing their support. So, no tax.