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Home Front: Politix
JPM Pwns Nancy Pelosi
2012-02-28
Last week we had the mispleasure of suffering a subdural hematoma or 7 after reading CA Congresswoman Nancy Pelosi's formal response to the gas price shock, in which it became abundantly clear that the amount of heavy metals in the California water supply is directly proportional to the insolvency of said state. Yet the only thing better than the resulting cathartic post, which had over 57,000 reads, and hundreds of comments, is JPMorgan doing the very same to what some allege is the most corrupt and incompetent legislator in the history of the US Congress. Which, to our and our readers' utmost delight, is precisely what happened today, when JPM Private Bank CIO Michael Cembalest decided to clinically deconstruct her argument into its constituent utterly insane components. Below we present the carnage.
Posted by:tipper

#12  Having Nancy Pelosi and Debbie Wasserman Sultz as spokeswomen for the Dems is great for the Republicans.

If only Barney Frank wouldn't retire and if only Rev Al could become a spokesman too.
Posted by: Lord Garth   2012-02-28 19:48  

#11  Newc, hobbits are a lot more practical and sensible than San Franciscans. A better description of San Francisco would be the Land of the Lotus Eaters: http://en.wikipedia.org/wiki/Lotus-eaters

Putting term limits on the ballot in every state? The idea has possibilities. Which state would have the guts to go first?
Posted by: mom   2012-02-28 16:30  

#10  In fact a lot of laws should be handled that way. The GOP should be pushing for nearly identical laws in multiple states the way folks did with the medical marajuana. Keep trying and eventually the mindsets start to change and you capture more states.
Posted by: rjschwarz   2012-02-28 15:20  

#9  "Just remember that when Newt had the opportunity he failed to send to the states the Constitutional Amendment for term limits. As much as Ms. Pelosi has damaged America, she as enabled by a Trunk who is no less enamored of power." A better plan is to put it on the ballot in each state. If all 50 states adopt term limits the constitution doesn't need to be changed. I believe the constistion leaves election issues up to the states after all.
Posted by: rjschwarz   2012-02-28 15:19  

#8  Pelosi is reality in the hobbit city of SanFran. Those people are ALL insane and really need a lobotomy. I have been there before but you could not pay me enough to go back to those SCUMBAGS again.

I despise the left coast, their reps, and their view on life.

CURSE her, curse San Francisco, and Curse that evil wicked witch of the west.

FU
Posted by: newc   2012-02-28 13:09  

#7  First it has to get approval of 2/3 of the Chambers and I dion't think incumebents would vote for term limits unless you put a loaded gun on their heads

Of course the French did come up with a solution, but it involved Madame Guillotine. However, forcing such a vote and getting the incumbents name clearly on the record makes him/her a future target for a replacement who would.

However, while agreeing to the greatness if imperfection of the Constitution, the failure to follow the acts called for in Article V by the Congress, has resulted in the Judiciary substituting their 'interpretations' by merely a majority of the Supremes. [Thus the down and dirty fight for nominations and the elevation of such nominations in the Presidential elections] The slow has for all intents and purposes been replaced by the connected who avoid the painful and necessary process as intended and in doing so has basically ended the need to engage in committing themselves to engage the population in the process.
Posted by: Procopius2k   2012-02-28 12:32  

#6  What JFM said, with fireworks and a pretty girl dressed as Lady Liberty. The Founding Fathers designed the system to go slowly, so that all possible objections to a course of action would have the opportunity to bubble up from the primordial muck and block it. Politicians always want to do things, especially things that allow more power to accrue to them. So it's much more important to prevent bad ideas than to permit good ones.
Posted by: trailing wife    2012-02-28 11:35  

#5  @Procopius.

Stop day dreaming. First it has to get approval of 2/3 of the Chambers and I dion't think incumebents would vote for term limits unless you put a loaded gun on their heads. Then you have to get thirty eight states ratifying the Amendmnet. The fact is that either because they have a good chance of being next incumbent, party discipline or because of the incumbents network of influence it is dubious you get thity states ratifying the Amendment let alone thirty eight.

Now before you begin to tell American Constitution is flawed and should be reformed I will tell you that your Constitution is best thiung since sliced bread, that even if the rules for getting it ammended get in the way on this particular subject you shouldn't be in a hurry to make it easier to ammend: had it been in Europe at the time Democrats controlled both chambers Obama could have it had ammended at will. Your Founding Fathers knew too well what they were doing when they made this Constitution.
Posted by: JFM   2012-02-28 11:03  

#4  Its 2/3rds of the House and Senate [or Constitutional Convention] for proposal and 3/4 of the states for ratification. As to if you'd get enough states to vote yes, think about the opportunities presented to state politicians if incumbents in Congress were required to step down. It opens a viable career progression that is otherwise obstructed by sitting incumbents who accumulate lots of bribes 'campaign' contributions from national lobbyists that state personalities usually have no access.
Posted by: Procopius2k   2012-02-28 10:19  

#3  If my meory is any good Contitutional Amendments have to be ratified by two thirds of the States (in addition of being ratified by two thirds of Congress). Couldn't it be that Newt kew all too well it had a snowball in hell chance of adoption?
Posted by: JFM   2012-02-28 10:05  

#2  Just remember that when Newt had the opportunity he failed to send to the states the Constitutional Amendment for term limits. As much as Ms. Pelosi has damaged America, she as enabled by a Trunk who is no less enamored of power.
Posted by: Procopius2k   2012-02-28 08:44  

#1  amount of heavy metals in the California water supply is directly proportional to the insolvency of said state - mad hatters all? Ouch...
Posted by: Water Modem   2012-02-28 02:30  

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