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New Legislation Proposes to Take Wall Street Out of the Housing Market
(www.nytimes.com)
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this post was submitted on 07 Dec 2023
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This will pass at the same time as the healthcare, world peace, and word hunger bills.
From the article:
Solid odds this will be a campaign issue, which is a great thing.
It will be a campaign issue and then nothing will be done about it. Fingers will be pointed.
This 1000%. A bunch of bullshit from all sides, all these "ought to's" and a bunch of malarkey will get tossed around. The election will get won by Biden or Trump, and all this will just turn into the same thing it always does.....empty promises and a shit ton of money getting made at the top while we're all fucked.
Real change won't happen by voting for it, it's when billionaires find their heads in baskets staring up at the axe/guillotine/whatever that just cut their fucking heads off. Eat the rich.
The "Guillotine the rich" crowd sure loves saying they wanna do it but they never have the balls. You talk of politician "ought to's" yet here you and many others are not executing billionaires. Put up or shut up.
I said, and I'll copy and paste:
That's a message to show support and willingness. I can't pull it off myself, but if more people are aware and willing, the future is bright.
Disolving companies resolves problems only if the people who bought the products dont turn immediately to the replacement.
can’t wait to see conservatives line up in droves to defend wall street buying houses in a few months time
Everyone will talk about it, nobody will do anything to improve the situation.
Once you reach the ranks of the Senate, you have more financial interest in the future of your REIT-heavy investment portfolio than the price any of your constituents are paying for housing. Hell, more than a few Senators come straight from the halls of Wall Street themselves. That's how they have the kind of surplus cash to run for office to begin with.
Do your part and vote 3rd party. If we want change we have to vote for it.
Our current electoral system is inherently biased against 3rd parties. We need to switch to approval/STAR voting to make 3rd parties viable.
Yeah, people keep saying things like this, and then just completely ignore that their view is led us down a 40-year path where our liberty and economic power has dwindled progressively with each passing election.
So no.
Your viable parties are shit. I'll vote better.
It would help if third parties would do something other than put a candidate up for President every 4 years, fail, and then disappear for the next 4 years. That's a waste of everyone's time, money, effort, and votes. Parties that do this should be looked on with suspicion.
Get people into city councils, school boards, and county comptroller. Work up to state level government. There is tons of good to be done at that level of government--in many ways, far more than the White House could ever do.
Greens, this is about you, specifically.
It would help if, when we give the White House and Congress to Democrats, they actually follow through on their promises.
But they never do.
Voters do not have a viable way of holding them to their promises, because letting Republicans win is unacceptable. A good third party would help that, but they're all busy trying to get into the White House and failing.
All you do by voting for a 3rd party in a FPTP election is take a vote away from the major party you are most closely aligned to. You may as well just not vote
Both parties rule as conservatives. Can't say I really align with either.
You're right though. I may just as well not vote, given that we always get conservative outcomes.
As much as people are disenfranchised the two parties are not the same. One is conservative, and the other is trying to create a authoritarian theocracy.
One is trying to create an authoritarian theocracy, and the other is collaborating in that effort either overtly or by inaction. They are functionally the same.
Then you might as well not vote. This is not the right political climate to try to make 3rd parties viable.
Unless, of course, you want the country to become a fascist theocracy.
I literally only voted Biden because I thought it might help stop fascism.
He couldn't find five minutes in his busy schedule of shoveling more of our money into other countries' wars to be bothered with it.
Our viable parties are shit because our electoral system is shit.
The 100 year path of wishful thinking that single person who votes will suddenly change their behavior such that they won't vote strategically hasn't got us anywhere. Our electoral system needs reform. It is inherently biased to make 3rd parties fail every single time. The game is rigged for 2 parties and only 2 parties.
You're talking about a view different from mine.
That's as much a consequence of legalisms - Bush v Gore invalidating votes in swing states, Tom DeLay kicking off a big wave of legislative gerrymandering, candidates party-flipping starting in the White Flight of the 80s/90s (WV's governor flipped the day after the '17 election), the banning of earmarks in legislatures and the legalizing of unlimited campaign donations following Citizens United - as voting patterns.
So much power has been consolidated within the hands of party leadership and so much money has flown to affiliated party-loyal business interests that voting no longer shapes political behaviors. When Republicans can't win an HISD board seat, they turn to the governor to simply take over the entire board by fiat. When someone in the Democratic Primary attempts to unseat an incumbent, the party spends tens of millions to defend them. When a third party bid emerges, they're cut out of debates and excluded from news coverage save for the yellow journalism designed to dismiss you as a crank. (And, in fairness, there are tons of cranks in the 3rd party scene already).
I don't think you can strictly attribute this to "not enough 3rd party bids". We have consolidated political power in the same way we're consolidating economic power.
That's true until it isn't. Year-over-year, the nation can only support two parties nationally and one dominant party state-by-state. But which party (and which coalition of leaders) hold power can change in wave years, particularly when strong third party campaigns force rival parties to cater to the independent vote to get over the 50% hump.
There's a podcast called Hell of Presidents that does a great job of documenting the rise and fall of state party organs and their impact on the national scene. The rapid collapse of the Federalists, the rise of the Jacksonian Democrats, the collapse of the Whigs and emergence of the Republicans, the rise and fall of democratic socialists, and the emergence of liberal progressives, movement conservatives, libertarians, and neoliberal democrats all begin with third party bids in small states.
While we don't have more than two distinct parties in the US, we absolutely do have factions within the main two parties that have regionalized and polarized constituencies that are fighting for control of the national party apparatuses. Even setting aside guys like Trump and Sanders, just check out Nebraska's Indie dark horse contender Dan Osborn, whose union organizing is putting him ahead of both party candidates.
I'm not saying 3rd parties have zero influence, but they just don't succeed frequently enough for it to be called fair. The spoiler effect is far too strong for that to happen.
Absolutely. But because of the spoiler effect, the two parties are held together with glue. Reforming our electoral system would weaken that glue, and hopefully fracture them enough to make a difference.
Statistically speaking, the majority of campaigns are going to fail. There's one seat and, unless it is uncontested, a minimum of one losing candidate. But politics isn't a one-and-done game. Its a game of coalition building and expanding name recognition. Starting off as a third party candidate, establishing a message and a political brand, and then canvasing your neighborhood to build up your appeal is fundamental to most successful politicians.
The spoiler effect only matters to losers. If you're the guy with the plurality of support, you're in the best position to win.
Sometimes, the winning move is simply to carry the banner of the dominant political party (which is why you'll have a dozen people compete for the Texas GOP gubernatorial nomination while only two or three bother trying to run as Dems). But other times, it really is about issues-based politics and name recognition.
Schwarzenegger was able to win in California by being a famous popular guy. Sanders won in Vermont by being a high profile well-respected mayor of the state's biggest city. Joe Lieberman lost his primary but held onto his Senatorial seat back in 2006 by rallying the Democratic Party leadership around him even after he'd lost the state party nomination.
Bush beat Gore in 2000 not because of a Green Party spoiler effect (Nader actually pulled more Republicans than Democrats in the state) but because he had die-hard conservative activists willing to risk jail to shut down the recount with the Brooks Brothers' Riot, while Al Gore's party just kinda shrugged and gave up as soon as the Republican-leaning SCOTUS sided with the Republican candidate. Hell, the 2000s were awash with caging, disenfranchisement, gerrymandering, and outright election stealing from the top of the ballot to the bottom. Third parties didn't have anything to do with that.
That wasn't quite what I was getting at. Roughly half of all positions are democrat held, the other half republican held. 3rd parties make up such a small percentage of the existing seats, hence the "they don't succeed frequently enough for it to be called fair" statement.
Not really. Take the green party for instance. They definitely don't align with the democrats, but they can at least agree on some things, where as them agreeing with republicans is far, far more rare. So it is in the interest of green voters that green politicians get voted in most, followed by democrat politicians, then republican.
But when they split the vote due to the spoiler effect, it ends up meaning the worst of the worst options gets voted in, a republican. And that should matter to the 3rd party losers.
They don't have to. The threat of splitting the vote is more than enough for everyone to vote strategically, which means 3rd parties don't get any votes.
Its more 55/45, as Republicans dominate the rural sectors with a plurality of smaller seats while Dems dominate the large-pop singular seats. Even then, the real balance of power is in the financing of races, with local business magnets and special interest groups dictating the nominees of both major parties. Down in Houston, for instance, the candidates that consistently win the mayorship have to first win the endorsement of either the police or fire departments (ideally both), as these organizations command popular prestige, enormous campaign war chests, and a large body of active canvasers who will work on your campaign's behalf. Similarly, everyone kowtows to the oil and gas industries.
Introduce an independent candidate for mayor, and that candidate will still need to suck up to O&G, fire, and police in order to win the race. And, once in office, they'll be constrained just like either of the two major party's preferred candidates would be.
Go up to the Rust Belt and you're bowing to the interests of the automotive industry. Take a stab at politics on the West Coast and you're going to need to cater to Silicon Valley. Everyone running for office on the Atlantic Seaboard is keenly aware of the clout enjoyed by the investment banks, the real estate magnets, and the DC bureaucracies. Add a modern-day Ross Perot to your list of candidates and you're still juggling these interest groups in order to win.
Except you're assuming people are choosing to vote D, R, or G and then ranking their preference. In truth, you've got a substantive pool of voters who simply do not turn out when they don't like who is on the ballot. Turnout in the US rarely breaks 60% of the eligible base. But when it does, you can see establishment candidates falter behind insurgents.
At that point, the Ds and Rs will court you for your membership in their party. And because they have far more to offer than a Green Party leadership, more viable candidates tend to be attracted to the Big Two parties. Greens (and Libertarians and other niche parties) are stuck with candidates who can't get onto the D or R ticket via a primary or appointment.
If you have a candidate that is genuinely popular and generates a ton of organic enthusiasm - a guy like Trump, who bounced from Reform Party to Dem Party and then on to the GOP unsuccessfully for decades, before catching fire among anti-Obama anti-immigrant conservatives - then that candidate is going to dramatically increase voter participation and win regardless of which party they run under. Similarly, Obama was able to undercut Hillary in the '08 primary by dramatically boosting turnout, particularly in states where Hillary failed to campaign aggressively. So Tennessee and South Carolina and Georgia went to Obama in landslides, undercutting Hillary's thinner margins in California and New York and Florida.
Obama could theoretically have run as an Independent candidate for Senator of Illinois and won (in large part thanks to the Republican incumbent flaming out in a sex scandal), then challenged the Top 2 for the Presidency. But why do that when you can run inside the party apparatus and fall back to a cabinet position or VP slot if you lose?
The spoiler effect doesn't come into play, because the people who have the most viable campaigns get absorbed by the bigger parties. That's why Sanders and Angus King caucus with the Democrats and even run as Democrats on the Presidential ballot.
As another case-in-point, consider Dan Osborn, an Indie currently being courted by the Democratic Party entirely because he polls so well against sitting Senator Deb Fisher.
The way you change that is election reform. Not thoughts and prayers and spoiler votes when one of the 2 big parties is running a wannabe-dictator.
Think, if fools in Florida didn't vote 3rd party in 2000 you'd never have bush or the war in iraq, and we might have given a shit about global warming.
Can't even get DC statehood with a Dem majority and Presidency. Couldn't do it when we had a 60 vote supermajority in 2008. We're certainly not going to get it through the courts, given how the SCOTUS is stacked.
The majority of green party votes came from registered Republicans. 2000 was decided by mass deregistering, disenfranchisement, and intimidation of the state's black voter population, combined with the Brooks Brothers Riot that halted the ballot counting long enough for the conservative SCOTUS majority to certify the election in Bush's favor.
There's quite a few southern states that use runoff voting. Their state legislatures are just as filled with the big two parties as everywhere else. Additionally, the US is not alone in favoring FPTP voting, but many of those other countries still have third parties that are viable in individual regions (Canada and UK, for example). The US is unique in how the big two parties are dominant everywhere at every level.
People focus a lot on FPTP, but it's not the only factor at work.
Yeah it absolutely isn't the only factor, but it's one of the biggest ones. I neglected to point out it isn't the only factor.
After FPTP issues, the next biggest one in my mind is the spending rules. I think that all candidates should operate from a "shared pool" of election funds. So if candidate A wants to use 1 million for the election, half of it goes to them, half of it goes to their opponent. No candidate should have a higher spending fund from another. It would drive down campaign spending, make bullshit political ads less frequent, and add a degree of fairness.
That, and there needs to be a full ban on lobbying (read bribery).
As for the few elections in southern states that use run offs, that's not quite what I'm looking for, and those elections aren't in a vacuum. The political power the two parties get from surrounding areas is enough to mean 3rd parties still don't have a chance.
Please, tell me you're a child who knows nothing about the US electoral system without telling me. People like you got us Trump
Too much of a baby to read and understand the spoiler effect that comes with FPTP? Too impatient and short-sighted to push for election reform (RCV or approval voting) and just want some low effort immediate option that requires nothing more than casting a vote? Child. Democracies require effort to survive.
You're looking at 3rd party votes in the wrong light.
They're an effective means of voicing discontent with the candidates from the two largest party. Unlike the third of Americans who don't vote 3rd party votes demonstrate a willingness to go out and vote along with their discontent in the platform of the two largest parties.
We aren't going to get RCV by just waiting for it to happen. It'll take actual work.
And calling people who have different opinions from you on the Internet 'child' isn't going to get them to agree with you.
Yeah I'm comparing 3rd party votes to voting for the less harmful duopoly + activism, you're comparing it to doing nothing.
You're right voting 3rd party is better than doing absolutely nothing. What a high bar
don't forget gun regulation
Liberals: "We're teetering on the brink of tyranny, democracy may cease to exist after 2024."
Also liberals: "Please remove our 2A rights while fascists in red states expand their own."
"remove our 2A rights" is a weird way to phrase "regulating gun availability to make it harder for people who intend to use them to kill people to get them." you know the text of the second amendment includes the phrase "well-regulated," almost as if they did not intend for gun availability to be the lawless wasteland that it currently effectively is.
I'm sure that if federal legislation is passed all these fascist militias made up of racists, theofascists, and law enforcement officers will all willingly give up their firearms and comply with the law 🤡.
I get it, it's not ideal, but that ship has sailed. Additional gun regulations only pass in blue states, and only further weaken our defensive posture. If you truly believe trump and his retarded followers represent an existential threat to democracy in the US (as I do) I cannot understand why you wouldn't understand the necessity for access to normal capacity magazines and non-nerfed firearms, unless maybe you think Jon Stewart is gonna come rescue you with a witty quip when some fascist has you on your knees in front of a ditch.
You should start believing conservatives when they tell you what kind of America they want to live in and what they're willing to do to get there, cause although they're fucking morons, they're also dead fucking serious.
"HuRrDuRr LiBrUlZ"
Find a second brain cell. JFC.
Your rifle isn't going to protect you. Did guns stop the war on drugs? Did guns stop the Patriot act? Did guns stop the Japanese interment camps? Did guns stop Jim Crow? Did guns save the Natives? Did guns stop the anti-black city riots? Did guns end the robber barrons or the city bosses? Did it stop the attacks on Asians in San Francisco and New York last century or even two years ago?
Your gun means jack and shit. The biggest proof of that is you are not in front of a planned parenthood in Texas ready to battle with it.
Fun fact, my great grandfather, an immigrant from Mexico, worked on a large Japanese farm during WW2 as a foreman. When fearful citizens came for the Japanese my great grandfather took ownership of the property and kept it running during their detention. Upon their return he relinquished ownership, having kept everything in order all while continuing to pay himself the same wage.
I've taken and thrown punches for my fellow POC and the queer community, I've been arrested in protest, and have stood in solidarity when members of my community have required defending. I've been shamed for my culture and where I come from, looked down and spit up on for being less than - and I can still hold my head up high and stand with dignity exactly because I've always chosen to 'battle with it'.
You might consider this interaction the next time you accuse someone of inaction just because their experience and principles differ from your own.
I won't.
Gun regs have better odds, as high real estate prices don't put Congresscritters in the hospital.
In fact, we've already passed more regulations recently in the form of Safer Communities Act, as well as reimplementing the Obama Era mental health screening that was removed under the Trump Admin. Sure, it's not a renewal of the Assault Rifle Ban, but it's something.
A great deal of the Safer Communities Act is simply sending more money to municipal and state police budgets. Given the sway these organizations have in electing state and local leaders, its certainly something.