[Buckeye McFrog]

if it passes the Senate (highly dubious) then Barry will be facing the same kind of moment that Bill Clinton had with Dickie Morris over the welfare reform bill (i.e. “if you want to end your political career right freakin’ now, go ahead with your threat to veto”)

I agree that the BBA is pointless. They will never get 2/3 of the states to approve it. Too many of them are deep in hock and looking towards an eventual Federal bailout, which could never happen if it passed.

[RonF]

Not 2/3. You need 3/4 of the States to approve an amendment.

[Verginius Rufus]

The threat is meaningless since the Senate will never accept the House bill--the Democrats are in control there. The President can veto a bill only after it has been passed by both houses.

Not that you could expect Obama to know the fine points of the Constitution, even if the University of Chicago Law School was pressured into hiring him as an adjunct to teach the subject. Supposedly he spent the class periods talking about basketball.

His nominee Richard Cordray is a product of the University of Chicago Law School (afterwards clerking for Byron White).