AOC Flunks Economics 101

[Brain357]

Marc Thiessen: Alexandria Ocasio-Cortez is an economic illiterate -- And that's bad news for America

"The left complains that conservatives are "obsessing" over Alexandria Ocasio-Cortez. Well, there is a reason for that: Ocasio-Cortez is driving the agenda of today's Democratic Party -- and her economic illiteracy is dangerous.

Case in point: Last week, Ocasio-Cortez celebrated the tanking of a deal negotiated by her fellow Democrats in which Amazonpromised to build a new headquarters in Long Island City, New York, right next to her congressional district. Amazon's departure cost the city between 25,000 and 40,000 new jobs. Forget the tech workers whom Amazon would have employed. Gone are all the unionized construction jobs to build the headquarters, as well as thousands of jobs created by all the small businesses -- restaurants, bodegas, dry cleaners and food carts -- that were preparing to open or expand to serve Amazon employees. They are devastated by Amazon's withdrawal.

Ocasio-Cortez was not disturbed at all. "We were subsidizing those jobs," she said. "Frankly, if we were willing to give away $3 billion for this deal, we could invest those $3 billion in our district, ourselves, if we wanted to. We could hire out more teachers. We can fix our subways. We can put a lot of people to work for that amount of money if we wanted to."

No, you can't. Ocasio-Cortez does not seem to realize that New York does not have $3 billion in cash sitting around waiting to be spent on her socialist dreams. The subsidies to Amazon were tax incentives, not cash payouts. It is Amazon's money, which New York agreed to make tax-exempt, so the company would invest it in building its new headquarters, hiring new workers and generating tens of billions in new tax revenue."

You can't fix her Socialist type of 'stupid'.

.

Still using that even though Hayek would greatly disagree with what Trump is doing? Funny.

Lol
There’s nothing wrong with disagreeing, But the fact remains socialism is an dead end... history has proven that countless times.

I don't disagree, but special tax deals for big business is much closer to socialism than capitalism.

capitalism is the only offset for an overbearing government

And yet you trust government to make special deals with corporations?

 

[Rustic]

And yet so many here on the right trust government to make these special deals with corporations. It's complete nonsense.

Lol
Personal Finances are none of the federal governments business

 

[Rustic]

 

[Brain357]

And yet so many here on the right trust government to make these special deals with corporations. It's complete nonsense.

Lol
Personal Finances are none of the federal governments business

We are talking about special deals like Amazon gets. You are saying you trust government to use our tax dollars for this cause?

 

[Brain357]

And Milton was strongly against corporations getting these special deals.

 

[Crepitus]

Marc Thiessen: Alexandria Ocasio-Cortez is an economic illiterate -- And that's bad news for America

"The left complains that conservatives are "obsessing" over Alexandria Ocasio-Cortez. Well, there is a reason for that: Ocasio-Cortez is driving the agenda of today's Democratic Party -- and her economic illiteracy is dangerous.

Case in point: Last week, Ocasio-Cortez celebrated the tanking of a deal negotiated by her fellow Democrats in which Amazonpromised to build a new headquarters in Long Island City, New York, right next to her congressional district. Amazon's departure cost the city between 25,000 and 40,000 new jobs. Forget the tech workers whom Amazon would have employed. Gone are all the unionized construction jobs to build the headquarters, as well as thousands of jobs created by all the small businesses -- restaurants, bodegas, dry cleaners and food carts -- that were preparing to open or expand to serve Amazon employees. They are devastated by Amazon's withdrawal.

Ocasio-Cortez was not disturbed at all. "We were subsidizing those jobs," she said. "Frankly, if we were willing to give away $3 billion for this deal, we could invest those $3 billion in our district, ourselves, if we wanted to. We could hire out more teachers. We can fix our subways. We can put a lot of people to work for that amount of money if we wanted to."

No, you can't. Ocasio-Cortez does not seem to realize that New York does not have $3 billion in cash sitting around waiting to be spent on her socialist dreams. The subsidies to Amazon were tax incentives, not cash payouts. It is Amazon's money, which New York agreed to make tax-exempt, so the company would invest it in building its new headquarters, hiring new workers and generating tens of billions in new tax revenue."

You can't fix her Socialist type of 'stupid'.

.

First, nobody who thinks tariffs are a good idea has a leg to stand on criticising anyone else's understanding of economics, and don't even get me started on the trickle down myth.

Second, NYC was gonna give them $3 billion in tax breaks. It would have taken them many decades to recoup that investment if they ever did.

It was a bad deal. You can't buy jobs, just like you can't spend your way outta debt.

Second, NYC was gonna give them $3 billion in tax breaks. It would have taken them many decades to recoup that investment if they ever did.

$3 billion out of how many billions in revenue?

You tell me.

I've heard $24-$27 billion.
How many decades will it take NY to recoup that?

Links?

 

[Crepitus]

Marc Thiessen: Alexandria Ocasio-Cortez is an economic illiterate -- And that's bad news for America

"The left complains that conservatives are "obsessing" over Alexandria Ocasio-Cortez. Well, there is a reason for that: Ocasio-Cortez is driving the agenda of today's Democratic Party -- and her economic illiteracy is dangerous.

Case in point: Last week, Ocasio-Cortez celebrated the tanking of a deal negotiated by her fellow Democrats in which Amazonpromised to build a new headquarters in Long Island City, New York, right next to her congressional district. Amazon's departure cost the city between 25,000 and 40,000 new jobs. Forget the tech workers whom Amazon would have employed. Gone are all the unionized construction jobs to build the headquarters, as well as thousands of jobs created by all the small businesses -- restaurants, bodegas, dry cleaners and food carts -- that were preparing to open or expand to serve Amazon employees. They are devastated by Amazon's withdrawal.

Ocasio-Cortez was not disturbed at all. "We were subsidizing those jobs," she said. "Frankly, if we were willing to give away $3 billion for this deal, we could invest those $3 billion in our district, ourselves, if we wanted to. We could hire out more teachers. We can fix our subways. We can put a lot of people to work for that amount of money if we wanted to."

No, you can't. Ocasio-Cortez does not seem to realize that New York does not have $3 billion in cash sitting around waiting to be spent on her socialist dreams. The subsidies to Amazon were tax incentives, not cash payouts. It is Amazon's money, which New York agreed to make tax-exempt, so the company would invest it in building its new headquarters, hiring new workers and generating tens of billions in new tax revenue."

You can't fix her Socialist type of 'stupid'.

.

First, nobody who thinks tariffs are a good idea has a leg to stand on criticising anyone else's understanding of economics, and don't even get me started on the trickle down myth.

Second, NYC was gonna give them $3 billion in tax breaks. It would have taken them many decades to recoup that investment if they ever did.

It was a bad deal. You can't buy jobs, just like you can't spend your way outta debt.

Yeah, 3 Billion in tax breaks but NYC would be collecting taxes still that they would otherwise not be collecting.
From Amazon. Now they will be getting none of that money..... thats not a recipe to get out of debt either by chasing away tax revenue.

Like?

 

[Rustic]

And Milton was strongly against corporations getting these special deals.

Capitalism encourages success, the most successful succeed… The way it should be

 

[Rustic]

And yet so many here on the right trust government to make these special deals with corporations. It's complete nonsense.

Lol
Personal Finances are none of the federal governments business

We are talking about special deals like Amazon gets. You are saying you trust government to use our tax dollars for this cause?

A success tax makes no sense

 

[Brain357]

And Milton was strongly against corporations getting these special deals.

Capitalism encourages success, the most successful succeed… The way it should be

Are you just a Russian hack? You seem incapable of conversation. On one hand you post images of Friedman. And then when I point out he was against all this crony capitalism, you just babble another line.

 

[Brain357]

And yet so many here on the right trust government to make these special deals with corporations. It's complete nonsense.

Lol
Personal Finances are none of the federal governments business

We are talking about special deals like Amazon gets. You are saying you trust government to use our tax dollars for this cause?

A success tax makes no sense

Another babbled line. Are you a Russian hack or do you just have really low education level?

 

[Rustic]

And Milton was strongly against corporations getting these special deals.

Capitalism encourages success, the most successful succeed… The way it should be

Are you just a Russian hack? You seem incapable of conversation. On one hand you post images of Friedman. And then when I point out he was against all this crony capitalism, you just babble another line.

Lol
When you guys are losing the debates... The Russian thing always pops up.

The collective never benefits the individual...

 

[Rustic]

And yet so many here on the right trust government to make these special deals with corporations. It's complete nonsense.

Lol
Personal Finances are none of the federal governments business

We are talking about special deals like Amazon gets. You are saying you trust government to use our tax dollars for this cause?

A success tax makes no sense

Another babbled line. Are you a Russian hack or do you just have really low education level?

Lol
Tell me why do you think the collective knows Best?

 

[Brain357]

And Milton was strongly against corporations getting these special deals.

Capitalism encourages success, the most successful succeed… The way it should be

Are you just a Russian hack? You seem incapable of conversation. On one hand you post images of Friedman. And then when I point out he was against all this crony capitalism, you just babble another line.

Lol
When you guys are losing the debates... The Russian thing always pops up.

The collective never benefits the individual...

You post Friedman and I point out he agrees with me. That's not losing hack. If your a real person and believe Friedman you would be on my side. It's clear you are just a hack who constantly just babbles one liners.

 

[Brain357]

And yet so many here on the right trust government to make these special deals with corporations. It's complete nonsense.

Lol
Personal Finances are none of the federal governments business

We are talking about special deals like Amazon gets. You are saying you trust government to use our tax dollars for this cause?

A success tax makes no sense

Another babbled line. Are you a Russian hack or do you just have really low education level?

Lol
Tell me why do you think the collective knows Best?

As a fan of Friedman you ask me that question? Really hack? Is that just one of your token babbled lines I suppose?

 

[Rustic]

And Milton was strongly against corporations getting these special deals.

Capitalism encourages success, the most successful succeed… The way it should be

Are you just a Russian hack? You seem incapable of conversation. On one hand you post images of Friedman. And then when I point out he was against all this crony capitalism, you just babble another line.

Lol
When you guys are losing the debates... The Russian thing always pops up.

The collective never benefits the individual...

You post Friedman and I point out he agrees with me. That's not losing hack. If your a real person and believe Friedman you would be on my side. It's clear you are just a hack who constantly just babbles one liners.

Lol
Friedman.... about anti-socialist as they get.

 

[Rustic]

Lol
Personal Finances are none of the federal governments business

We are talking about special deals like Amazon gets. You are saying you trust government to use our tax dollars for this cause?

A success tax makes no sense

Another babbled line. Are you a Russian hack or do you just have really low education level?

Lol
Tell me why do you think the collective knows Best?

As a fan of Friedman you ask me that question? Really hack? Is that just one of your token babbled lines I suppose?

Your political correctness is obvious… You’re a control freak through and through

 

[Brain357]

And Milton was strongly against corporations getting these special deals.

Capitalism encourages success, the most successful succeed… The way it should be

Are you just a Russian hack? You seem incapable of conversation. On one hand you post images of Friedman. And then when I point out he was against all this crony capitalism, you just babble another line.

Lol
When you guys are losing the debates... The Russian thing always pops up.

The collective never benefits the individual...

You post Friedman and I point out he agrees with me. That's not losing hack. If your a real person and believe Friedman you would be on my side. It's clear you are just a hack who constantly just babbles one liners.

Lol
Friedman.... about anti-socialist as they get.

Another babbled line. Yes of course he is. And he was against these types of special deals for corporations. If you weren't a Russian hack you'd see that. But you are just here to spout the same idiot one liners.

 

[Brain357]

We are talking about special deals like Amazon gets. You are saying you trust government to use our tax dollars for this cause?

A success tax makes no sense

Another babbled line. Are you a Russian hack or do you just have really low education level?

Lol
Tell me why do you think the collective knows Best?

As a fan of Friedman you ask me that question? Really hack? Is that just one of your token babbled lines I suppose?

Your political correctness is obvious… You’re a control freak through and through

Another one of your lines that is completely nonsense in this conversation. You are either a Russian hack or your education level is so low you can't have a conversation.

 

[Rustic]