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	<title>Comments on: The Place Where Reform Goes to Die</title>
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	<link>http://www.ritholtz.com/blog/2009/12/the-place-where-reform-goes-to-die/</link>
	<description>Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media</description>
	<lastBuildDate>Tue, 14 Feb 2012 21:16:44 +0000</lastBuildDate>
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		<title>By: dsawy</title>
		<link>http://www.ritholtz.com/blog/2009/12/the-place-where-reform-goes-to-die/comment-page-1/#comment-245014</link>
		<dc:creator>dsawy</dc:creator>
		<pubDate>Thu, 31 Dec 2009 04:08:04 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=47622#comment-245014</guid>
		<description>I have to laugh at people proposing European-style parliaments as a solution to our problems.

Everyone knows that the French government is utterly without any corporate corruption, right? Right?

(insert sound of crickets chirping here).

And we know that the English system of government is uncontaminated by banking interests, right?

(more crickets).

The first solution to the problem is to get campaign finance &quot;reform&quot; repealed. It was nothing more or less than &quot;incumbent protection.&quot;

For all the people proposing &quot;European&quot; solutions to our problems: Please go live in Europe. It will be a much faster way of achieving what you want, ie, to live in a European nation.</description>
		<content:encoded><![CDATA[<p>I have to laugh at people proposing European-style parliaments as a solution to our problems.</p>
<p>Everyone knows that the French government is utterly without any corporate corruption, right? Right?</p>
<p>(insert sound of crickets chirping here).</p>
<p>And we know that the English system of government is uncontaminated by banking interests, right?</p>
<p>(more crickets).</p>
<p>The first solution to the problem is to get campaign finance &#8220;reform&#8221; repealed. It was nothing more or less than &#8220;incumbent protection.&#8221;</p>
<p>For all the people proposing &#8220;European&#8221; solutions to our problems: Please go live in Europe. It will be a much faster way of achieving what you want, ie, to live in a European nation.</p>
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		<title>By: LeeX</title>
		<link>http://www.ritholtz.com/blog/2009/12/the-place-where-reform-goes-to-die/comment-page-1/#comment-244939</link>
		<dc:creator>LeeX</dc:creator>
		<pubDate>Wed, 30 Dec 2009 17:17:57 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=47622#comment-244939</guid>
		<description>Barry, both parties are not specifically beholden to &quot;corporate&quot; interests, but there&#039;s a strong correlation ;-o 

The political system is beholden to greedy and rent-seeking corporate entities, and the system works very well for them. Now we have a &quot;reform&quot; bill that formalizes TBTF with $4 trillion dollars of free insurance for the big banks. Of course, the bill does not mention the words TBTF, but I think the banksters are very happy with the plan. When in the world are we going to see the perps from Countrywide and IndyMac wearing orange jumpsuits? Is everyone going to skate away with their fortune intact?</description>
		<content:encoded><![CDATA[<p>Barry, both parties are not specifically beholden to &#8220;corporate&#8221; interests, but there&#8217;s a strong correlation ;-o </p>
<p>The political system is beholden to greedy and rent-seeking corporate entities, and the system works very well for them. Now we have a &#8220;reform&#8221; bill that formalizes TBTF with $4 trillion dollars of free insurance for the big banks. Of course, the bill does not mention the words TBTF, but I think the banksters are very happy with the plan. When in the world are we going to see the perps from Countrywide and IndyMac wearing orange jumpsuits? Is everyone going to skate away with their fortune intact?</p>
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		<title>By: Wednesday links: as steep as it gets Abnormal Returns</title>
		<link>http://www.ritholtz.com/blog/2009/12/the-place-where-reform-goes-to-die/comment-page-1/#comment-244934</link>
		<dc:creator>Wednesday links: as steep as it gets Abnormal Returns</dc:creator>
		<pubDate>Wed, 30 Dec 2009 16:45:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=47622#comment-244934</guid>
		<description>[...] The House Banking committee is too big to succeed.  (Big Picture) [...]</description>
		<content:encoded><![CDATA[<p>[...] The House Banking committee is too big to succeed.  (Big Picture) [...]</p>
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		<title>By: How the Common Man Sees It</title>
		<link>http://www.ritholtz.com/blog/2009/12/the-place-where-reform-goes-to-die/comment-page-1/#comment-244927</link>
		<dc:creator>How the Common Man Sees It</dc:creator>
		<pubDate>Wed, 30 Dec 2009 16:07:20 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=47622#comment-244927</guid>
		<description>What is needed is a Gypsy Seniors Party of economically independent seniors that can move into the districts of senior members of congress that control committees. Once the seniors are eligible to vote they can fire the members in some of the safer districts and then break up the incumbency/seniority hammer lock that is held on the congress. I call them Gypsies because once they deal with one &#039;safe&#039; seated senior member of congress they can flood into the next district and do the same thing all over again :)</description>
		<content:encoded><![CDATA[<p>What is needed is a Gypsy Seniors Party of economically independent seniors that can move into the districts of senior members of congress that control committees. Once the seniors are eligible to vote they can fire the members in some of the safer districts and then break up the incumbency/seniority hammer lock that is held on the congress. I call them Gypsies because once they deal with one &#8216;safe&#8217; seated senior member of congress they can flood into the next district and do the same thing all over again :)</p>
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		<title>By: hr</title>
		<link>http://www.ritholtz.com/blog/2009/12/the-place-where-reform-goes-to-die/comment-page-1/#comment-244922</link>
		<dc:creator>hr</dc:creator>
		<pubDate>Wed, 30 Dec 2009 15:50:03 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=47622#comment-244922</guid>
		<description>Become a member of the NRA - Never Re-Elect Anybody</description>
		<content:encoded><![CDATA[<p>Become a member of the NRA &#8211; Never Re-Elect Anybody</p>
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		<title>By: xynz</title>
		<link>http://www.ritholtz.com/blog/2009/12/the-place-where-reform-goes-to-die/comment-page-1/#comment-244916</link>
		<dc:creator>xynz</dc:creator>
		<pubDate>Wed, 30 Dec 2009 15:26:30 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=47622#comment-244916</guid>
		<description>Damian Hoffman asks the right question:

&quot;How do we break the two-party duopoly?&quot;

The answer is a  more parliamentary system of government. You can&#039;t  do it to the Senate, without amending the Constitution,  but you can do it to the House. That&#039;s a good start.

It would work the same way as this initiative to effectively end the Electoral College, without amending the Constitution:

http://en.wikipedia.org/wiki/National_Popular_Vote_Interstate_Compact

There&#039;s nothing in the Constitution that says you have to use a Congressional District. Voting Representatives into the House is controlled at the State level. If a State were to amend the State Constitution, so that all Representatives were elected &quot;At Large&quot;, then that would be Constitutional. With Reps elected &quot;At Large&quot;, you can get rid of winner take all and have proportional representation.

Obviously, this would work best in the larger states, with at least 10 or more Representatives.  The people no longer vote for individual candidates, they vote for parties that submit party lists. If the state has 10 Representatives, then the party lists have 10 candidates. The seats in the House are won, based on what percentage of the vote they&#039;ve received. For example

Democrats win 41 (44) % of the vote, they get 4 seats (first 4 members on their list win seats)

Republicans win 27 (30)% of the vote, they get 3 seats 

Green Party win 14 (19)% of the vote, they get 2 seats 

Christian Theocracy Party win 4% (7%) of the vote, they get 1 seats 

Cannabis Legalization Party win 4% of the vote, they get  0 seat

Extreme Looney Party win 3% of the vote, they get 0 seats  

Bunch of minor parties get the remaining 7% and 0 seats


While you&#039;re making this change, you also want to switch to STV (Single Transferable Vote).  For example, people who voted for the Cannabis Legalization Party marked their ballot with the CLP #1 , the Greens #2 and the Democrats #3. The CLP didn&#039;t get enough votes for seats, but the people who voted for CLP didn&#039;t waste their votes, those votes then transferred to the Green Party (the revised percentage for the Greens is in parenthesis).

Extremely Looney Party made the ELP their first choice, the CTP their second choice.

The votes for the other parties that didn&#039;t get seats were also transferred, based on their voters ranked preferences. More details about how STV works here:

http://en.wikipedia.org/wiki/Single_transferable_vote</description>
		<content:encoded><![CDATA[<p>Damian Hoffman asks the right question:</p>
<p>&#8220;How do we break the two-party duopoly?&#8221;</p>
<p>The answer is a  more parliamentary system of government. You can&#8217;t  do it to the Senate, without amending the Constitution,  but you can do it to the House. That&#8217;s a good start.</p>
<p>It would work the same way as this initiative to effectively end the Electoral College, without amending the Constitution:</p>
<p><a href="http://en.wikipedia.org/wiki/National_Popular_Vote_Interstate_Compact" rel="nofollow">http://en.wikipedia.org/wiki/National_Popular_Vote_Interstate_Compact</a></p>
<p>There&#8217;s nothing in the Constitution that says you have to use a Congressional District. Voting Representatives into the House is controlled at the State level. If a State were to amend the State Constitution, so that all Representatives were elected &#8220;At Large&#8221;, then that would be Constitutional. With Reps elected &#8220;At Large&#8221;, you can get rid of winner take all and have proportional representation.</p>
<p>Obviously, this would work best in the larger states, with at least 10 or more Representatives.  The people no longer vote for individual candidates, they vote for parties that submit party lists. If the state has 10 Representatives, then the party lists have 10 candidates. The seats in the House are won, based on what percentage of the vote they&#8217;ve received. For example</p>
<p>Democrats win 41 (44) % of the vote, they get 4 seats (first 4 members on their list win seats)</p>
<p>Republicans win 27 (30)% of the vote, they get 3 seats </p>
<p>Green Party win 14 (19)% of the vote, they get 2 seats </p>
<p>Christian Theocracy Party win 4% (7%) of the vote, they get 1 seats </p>
<p>Cannabis Legalization Party win 4% of the vote, they get  0 seat</p>
<p>Extreme Looney Party win 3% of the vote, they get 0 seats  </p>
<p>Bunch of minor parties get the remaining 7% and 0 seats</p>
<p>While you&#8217;re making this change, you also want to switch to STV (Single Transferable Vote).  For example, people who voted for the Cannabis Legalization Party marked their ballot with the CLP #1 , the Greens #2 and the Democrats #3. The CLP didn&#8217;t get enough votes for seats, but the people who voted for CLP didn&#8217;t waste their votes, those votes then transferred to the Green Party (the revised percentage for the Greens is in parenthesis).</p>
<p>Extremely Looney Party made the ELP their first choice, the CTP their second choice.</p>
<p>The votes for the other parties that didn&#8217;t get seats were also transferred, based on their voters ranked preferences. More details about how STV works here:</p>
<p><a href="http://en.wikipedia.org/wiki/Single_transferable_vote" rel="nofollow">http://en.wikipedia.org/wiki/Single_transferable_vote</a></p>
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		<title>By: Its Me</title>
		<link>http://www.ritholtz.com/blog/2009/12/the-place-where-reform-goes-to-die/comment-page-1/#comment-244908</link>
		<dc:creator>Its Me</dc:creator>
		<pubDate>Wed, 30 Dec 2009 14:18:25 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=47622#comment-244908</guid>
		<description>I never thought of the way business is done in Washington.  So the party bosses disperse committee positions not on background or interest, but on the money that is generated from the lobbist in that industry.  

 Have a seat that is a little shacking - Banking  or Finance for you.  In a solid seat and it&#039;s veteran&#039;s afiars or worse ~~~~Ethics~~~.  :o

What an ugle part of our society.</description>
		<content:encoded><![CDATA[<p>I never thought of the way business is done in Washington.  So the party bosses disperse committee positions not on background or interest, but on the money that is generated from the lobbist in that industry.  </p>
<p> Have a seat that is a little shacking &#8211; Banking  or Finance for you.  In a solid seat and it&#8217;s veteran&#8217;s afiars or worse ~~~~Ethics~~~.  :o</p>
<p>What an ugle part of our society.</p>
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		<title>By: philipat</title>
		<link>http://www.ritholtz.com/blog/2009/12/the-place-where-reform-goes-to-die/comment-page-1/#comment-244902</link>
		<dc:creator>philipat</dc:creator>
		<pubDate>Wed, 30 Dec 2009 13:31:33 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=47622#comment-244902</guid>
		<description>I do so wish there was a spellchecker or edit function in Wordpress?</description>
		<content:encoded><![CDATA[<p>I do so wish there was a spellchecker or edit function in WordPress?</p>
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		<title>By: philipat</title>
		<link>http://www.ritholtz.com/blog/2009/12/the-place-where-reform-goes-to-die/comment-page-1/#comment-244900</link>
		<dc:creator>philipat</dc:creator>
		<pubDate>Wed, 30 Dec 2009 13:28:59 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=47622#comment-244900</guid>
		<description>Torrie.

For all thes years. Sad but true. 

Can there evr be a better world? America was supposed to show the way.

Sorry to dream for minute. The skies here in Bali tonight are clear and full of stars. That is, I&#039;m out of it. And never was a Bnaker!!</description>
		<content:encoded><![CDATA[<p>Torrie.</p>
<p>For all thes years. Sad but true. </p>
<p>Can there evr be a better world? America was supposed to show the way.</p>
<p>Sorry to dream for minute. The skies here in Bali tonight are clear and full of stars. That is, I&#8217;m out of it. And never was a Bnaker!!</p>
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		<title>By: torrie-amos</title>
		<link>http://www.ritholtz.com/blog/2009/12/the-place-where-reform-goes-to-die/comment-page-1/#comment-244897</link>
		<dc:creator>torrie-amos</dc:creator>
		<pubDate>Wed, 30 Dec 2009 13:20:43 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=47622#comment-244897</guid>
		<description>the only thing obvious to me, is all of these politicians are following obama&#039;s money machine, get some prime time, spit out your website, tell a story of your fight for right, send a few emails on how it&#039;s going, then ask for money to get the job done, rinse wash and repeat</description>
		<content:encoded><![CDATA[<p>the only thing obvious to me, is all of these politicians are following obama&#8217;s money machine, get some prime time, spit out your website, tell a story of your fight for right, send a few emails on how it&#8217;s going, then ask for money to get the job done, rinse wash and repeat</p>
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