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Sunday, June 27, 2010

multiple transferrable vote

...Fair Vote, an excellent organization pushing a variety of worthy reforms to the American electoral system.
...the related topics of gerrymandering and polarization,  [could be ameliorated by] ...multiple member congressional districts withsingle transferrable vote.
What does that mean and what does it have to do with polarization?
Well, take New York City. Instead of carving the city up into 13 or 14 different districts with members elected by plurality, all of them won by Democrats, the whole city could vote proportionally for a slate of 13-14 members of congress, and several of them would wind up being Republicans with the exact number depending on political fortunes. This would reduce what I think bothers people about polarization in congress in at least two ways. One is that though on many issues the NYC Republicans and NYC Democrats would fiercely disagree, on a bunch of other issues that have substantial regional or urban/non-urban elements to them the NYC bloc would be collaborating along with other bipartisan congressional blocks against other bipartisan congressional blocks. The other is that the balance of power in congress wouldn’t be determined by a relatively small number of “swing districts.” In any given election, Democrats and Republicans alike would have plausible pickup opportunities all across the country—even in New York City—meaning that it would make sense for the GOP to always at least think about trying to answer the concerns of American cities.
Then on the flipside, if Nebraska elected its three-member congressional delegation in a proportional manner you wouldn’t have the scenario where 41 percent of Nebraskans vote for Barack Obama but 100 percent of them are represented in the House by conservative Republicans. All regions of the country would have a measure of bipartisan representation, and both parties would have substantial blocs of members to advocate for the interests of different kinds of places.

Monday, June 21, 2010

Matthew Yglesias » The Cost of Fannie and Freddie

Matthew Yglesias » The Cost of Fannie and Freddie
If you look at the fiscal cost of TARP compared to the cost of the Fannie & Freddie takeover, it’s quite small. But the legislative measure authorizing the Fannie/Freddie nationalization, the Housing and Economic Recovery Act of 2008, was passed by a bipartisan congressional vote and signed by George W Bush with very little controversy back in July of 2008.
The government should not be subsidizing home ownership anyhow. The US has better housing than anywhere else on earth and more home ownership.
And the idea that middle class families should basically live inside their lifesavings seems perverse. The good idea at the heart of mortgage securitization is that it doesn’t make sense for a bank to make a geographically undiversified investment in housing. But of course that’s exactly what a household is doing when it buys its home.