AOC Flunks Economics 101

[Lesh]

Your being a loser has nothing to do with lobbying and everything to do with your own stupidity. vey much like AOC.

you argue like a stupid 6th grader.

Please stay on topic

 

[Cecilie1200]

Government making special deals with private business is not capitalism. Cronyism.

The existence of private business is captalism just as it's purpose is to make capital. I am quite sure you do not understand what cronyism is. You may even be stupider than AOC.

Crony capitalism is an economy in which businesses thrive not as a result of risk, but rather as a return on money amassed through a nexus between a business class and the political class. This is done using state power to crush genuine competition in handing out permits, government grants, special tax breaks, or other forms of state intervention

Crony capitalism - Wikipedia

You really need to stop believing Wikipedia is an actual information source.

That being said, if you really must have Wikipedia be the extent of your "deep thought" and understanding, at least learn to read. The operative phrase in that sentence is actually "USING STATE POWER TO CRUSH GENUINE COMPETITION". NY wasn't crushing any competition. They were basically bidding against all the other cities which would love to have Amazon move in.

 

[Cecilie1200]

Government making special deals with private business is not capitalism. Cronyism.

The existence of private business is captalism just as it's purpose is to make capital. I am quite sure you do not understand what cronyism is. You may even be stupider than AOC.

So you think the government heavily influencing private business is good capitalism?

"Influencing" is certainly a vague term. The Democratic Socialist influenced business in Venezuela just as Trump influenced business in the US albeit in a very different way.

Winners and losers shouldn’t be determined by lobbying.

None of which is relevant to this situation, no matter HOW much you love the incorrect belief that you have discovered a related buzzword to spout.

 

[TNHarley]

You're too stupid to see her stupidity.

You socialists are funny.

You economic illiterates used to be funny, but now you're just dreary and boring.

I understand economics a whole lot better than you kid.

You understand neither jack nor shit about economics.

Occasional Cortex's objection wasn't to the tax incentives per se, but that she's stupid enough to have believed that the $3 billion in tax breaks exists as cash-on-hand...That makes you every bit as economically illiterate as she is.

You can't see past your ignorance built on prejudices and pathological hate.

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'.

.

You think special tax incentives is good capitalism? You fail economics.

That's not the root of Occasional Cortex's economic illiteracy.

There's no $3 billion in actual reality...She made a fool of herself, and is too arrogant to recognize it.

You're dishonest and an intellectually challenged jerk.

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."

Your arrogant hate permeates everything you post, no matter how they lack truth or substance, that hate reeks through every word you post.

How much of that $3 million will go to the construction companies, where do their employees live and how much of their wage will go to her district? How much will go to lumber, steel and concrete to build the facility, how man carpenters, electricians, plumbers, etc. live in her district? Live in NYC?

Thats the context?
Lol she is a dumbass. And so are you

 

[bripat9643]

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'.

.

Once again, the stupid Russian is lying:

AOC graduated cum laude from Boston University's College of Arts and Sciences in 2011, majoring in international relations and economics. She won second prize in the Intel International Science and Engineering Fair with a microbiology research project on the effect of antioxidants on the lifespan of the nematode C. elegans.

Which puts her miles ahead of Donald Trump who never studied economics at all, and graduated from Wharton with no academic distinctions whatsoever. AOC won academic awards throughout her student career.

He went to Wharton school of business, moron. Do you actually believe you can get such a degree without taking classes in economics?

 

[Natural Citizen]

So you think the government heavily influencing private business is good capitalism?

The only good capitalism is free-market capitalism.

But if you say free-markets and capitalism together, we don't have that.

 

[TNHarley]

That dumbass thinks they should use that 3b they saved and invest

 

[Brain357]

Government making special deals with private business is not capitalism. Cronyism.

The existence of private business is captalism just as it's purpose is to make capital. I am quite sure you do not understand what cronyism is. You may even be stupider than AOC.

So you think the government heavily influencing private business is good capitalism?

No, I think the level to which NYC thought they were going to tell Amazon how to run their business, as though Amazon needed them more than they needed Amazon, was extremely bad capitalism, and bad government. Amazon apparently thought so, too, which is why NY has now failed at one of the primary functions of city government.

The way MOST cities go about it, making deals to encourage new businesses to open in their city that actually WORK, is a pretty standard feature of capitalism, yeah.

Cronyism. You sure have a lot of faith in politicians. You sound rather socialist...

 

[TNHarley]

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'.

.

You think special tax incentives is good capitalism? You fail economics.

That's not the root of Occasional Cortex's economic illiteracy.

There's no $3 billion in actual reality...She made a fool of herself, and is too arrogant to recognize it.

She didn’t support special tax incentives. That’s a good thing.

She does support it. Just not with amazon.

I wouldn’t know, was just referencing this incident.

She is a socialist bro. What do you think she supports? Lol

 

[danielpalos]

Government making special deals with private business is not capitalism. Cronyism.

The existence of private business is captalism just as it's purpose is to make capital. I am quite sure you do not understand what cronyism is. You may even be stupider than AOC.

Crony capitalism is an economy in which businesses thrive not as a result of risk, but rather as a return on money amassed through a nexus between a business class and the political class. This is done using state power to crush genuine competition in handing out permits, government grants, special tax breaks, or other forms of state intervention

Crony capitalism - Wikipedia

You really need to stop believing Wikipedia is an actual information source.

That being said, if you really must have Wikipedia be the extent of your "deep thought" and understanding, at least learn to read. The operative phrase in that sentence is actually "USING STATE POWER TO CRUSH GENUINE COMPETITION". NY wasn't crushing any competition. They were basically bidding against all the other cities which would love to have Amazon move in.

lol. the right wing believe wikileaks more than the Press.

 

[Meathead]

Your being a loser has nothing to do with lobbying and everything to do with your own stupidity. vey much like AOC.

you argue like a stupid 6th grader.

Please stay on topic

Flunking is squarely tied to stupidity and losing, as you know all to well. We can not only discuss the abject stupidity of AOC, but of yours as well. Why not?

 

[Brain357]

Government making special deals with private business is not capitalism. Cronyism.

The existence of private business is captalism just as it's purpose is to make capital. I am quite sure you do not understand what cronyism is. You may even be stupider than AOC.

So you think the government heavily influencing private business is good capitalism?

No, I think the level to which NYC thought they were going to tell Amazon how to run their business, as though Amazon needed them more than they needed Amazon, was extremely bad capitalism, and bad government. Amazon apparently thought so, too, which is why NY has now failed at one of the primary functions of city government.

The way MOST cities go about it, making deals to encourage new businesses to open in their city that actually WORK, is a pretty standard feature of capitalism, yeah.

Agreed. The essence of capitalism is competion, and localities compete as well. NYC lost because of the stupidity of idiots like AOC.

So you think heavy government influence is the essence of capitalism. Your stupidity is impressive.

 

[Brain357]

You think special tax incentives is good capitalism? You fail economics.

That's not the root of Occasional Cortex's economic illiteracy.

There's no $3 billion in actual reality...She made a fool of herself, and is too arrogant to recognize it.

She didn’t support special tax incentives. That’s a good thing.

She does support it. Just not with amazon.

I wouldn’t know, was just referencing this incident.

She is a socialist bro. What do you think she supports? Lol

She didnt support this one.

 

[Meathead]

Government making special deals with private business is not capitalism. Cronyism.

The existence of private business is captalism just as it's purpose is to make capital. I am quite sure you do not understand what cronyism is. You may even be stupider than AOC.

So you think the government heavily influencing private business is good capitalism?

No, I think the level to which NYC thought they were going to tell Amazon how to run their business, as though Amazon needed them more than they needed Amazon, was extremely bad capitalism, and bad government. Amazon apparently thought so, too, which is why NY has now failed at one of the primary functions of city government.

The way MOST cities go about it, making deals to encourage new businesses to open in their city that actually WORK, is a pretty standard feature of capitalism, yeah.

Agreed. The essence of capitalism is competion, and localities compete as well. NYC lost because of the stupidity of idiots like AOC.

So you think heavy government influence is the essence of capitalism. Your stupidity is impressive.

Taxes are "heavy government"; bit of a stupid label. Some other area more competive than the socialist enclaves of NYC will benefit.

I don't suffer idiots well, I admit.

 

[Cecilie1200]

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'.

.

You think special tax incentives is good capitalism? You fail economics.

In the sense that it's a government entity interacting with the private sector, yes.

New York and Amazon were negotiating a business deal. New York was offering Amazon something it wanted - favorable tax incentives - for something New York wanted - a big new employer with lots of new jobs and revenue. New York got stupid and forgot that they were not sitting in the driver's seat on the negotiation, and that there are a lot of other cities competing to make that deal with Amazon.

Sounds like capitalism to me.

Government making special deals with private business is not capitalism. Cronyism.

Uh, no. I'm very sorry that it's news to you that city governments all over the nation routinely do business with and make business deals with private companies. Don't get too attached to joyfully throwing around conservative buzzwords with no clue about or concern for what they actually mean.

And free market capitalists disagree with it for many reasons. You must really like big gov.

"Big gov! If you think government has a purpose, you love big government!!!!!"

If you're quite done being childish, absolutely no free-market capitalists object to city governments attracting business and new jobs to their cities. There's no number of times you're going to scream unrelated buzzwords that SOUND related to you because you have the thinking capacity of a particularly dumb 5-year-old that will actually make it true.

Since you very clearly do not understand anything about this subject, and equally clearly do not WANT to understand it, we're done. Go waste someone else's time; your nanny, for example, since she's paid to wipe your runny nose.

 

[Brain357]

You think special tax incentives is good capitalism? You fail economics.

In the sense that it's a government entity interacting with the private sector, yes.

New York and Amazon were negotiating a business deal. New York was offering Amazon something it wanted - favorable tax incentives - for something New York wanted - a big new employer with lots of new jobs and revenue. New York got stupid and forgot that they were not sitting in the driver's seat on the negotiation, and that there are a lot of other cities competing to make that deal with Amazon.

Sounds like capitalism to me.

Government making special deals with private business is not capitalism. Cronyism.

Uh, no. I'm very sorry that it's news to you that city governments all over the nation routinely do business with and make business deals with private companies. Don't get too attached to joyfully throwing around conservative buzzwords with no clue about or concern for what they actually mean.

And free market capitalists disagree with it for many reasons. You must really like big gov.

"Big gov! If you think government has a purpose, you love big government!!!!!"

If you're quite done being childish, absolutely no free-market capitalists object to city governments attracting business and new jobs to their cities. There's no number of times you're going to scream unrelated buzzwords that SOUND related to you because you have the thinking capacity of a particularly dumb 5-year-old that will actually make it true.

Since you very clearly do not understand anything about this subject, and equally clearly do not WANT to understand it, we're done. Go waste someone else's time; your nanny, for example, since she's paid to wipe your runny nose.

Socialists who think they are capitalists are funny. See ya.

 

[Cecilie1200]

Government making special deals with private business is not capitalism. Cronyism.

The existence of private business is captalism just as it's purpose is to make capital. I am quite sure you do not understand what cronyism is. You may even be stupider than AOC.

So you think the government heavily influencing private business is good capitalism?

No, I think the level to which NYC thought they were going to tell Amazon how to run their business, as though Amazon needed them more than they needed Amazon, was extremely bad capitalism, and bad government. Amazon apparently thought so, too, which is why NY has now failed at one of the primary functions of city government.

The way MOST cities go about it, making deals to encourage new businesses to open in their city that actually WORK, is a pretty standard feature of capitalism, yeah.

Agreed. The essence of capitalism is competion, and localities compete as well. NYC lost because of the stupidity of idiots like AOC.

NY just got it in their head somehow that THEY were the prize being competed for, rather than being one of the competitors.

 

[Brain357]

The existence of private business is captalism just as it's purpose is to make capital. I am quite sure you do not understand what cronyism is. You may even be stupider than AOC.

So you think the government heavily influencing private business is good capitalism?

No, I think the level to which NYC thought they were going to tell Amazon how to run their business, as though Amazon needed them more than they needed Amazon, was extremely bad capitalism, and bad government. Amazon apparently thought so, too, which is why NY has now failed at one of the primary functions of city government.

The way MOST cities go about it, making deals to encourage new businesses to open in their city that actually WORK, is a pretty standard feature of capitalism, yeah.

Agreed. The essence of capitalism is competion, and localities compete as well. NYC lost because of the stupidity of idiots like AOC.

So you think heavy government influence is the essence of capitalism. Your stupidity is impressive.

Taxes are "heavy government"; bit of a stupid label. Some other area more competive than the socialist enclaves of NYC will benefit.

I don't suffer idiots well, I admit.

Choosing where a company locates to is rather heavy influence.

 

[Cecilie1200]

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'.

.

Once again, the stupid Russian is lying:

AOC graduated cum laude from Boston University's College of Arts and Sciences in 2011, majoring in international relations and economics. She won second prize in the Intel International Science and Engineering Fair with a microbiology research project on the effect of antioxidants on the lifespan of the nematode C. elegans.

Which puts her miles ahead of Donald Trump who never studied economics at all, and graduated from Wharton with no academic distinctions whatsoever. AOC won academic awards throughout her student career.

Only an imbecile like you would actually be BRAGGING about how brilliant and educated Occasional Cortex is at this point, and don't even get me started on your "But TRRRRRUUUUMMMMPPP!!!"

Call me when she PROVES she's smart, and doesn't need halfwit groupies like you to "explain" that she is.

 

[Cecilie1200]

Government making special deals with private business is not capitalism. Cronyism.

The existence of private business is captalism just as it's purpose is to make capital. I am quite sure you do not understand what cronyism is. You may even be stupider than AOC.

So you think the government heavily influencing private business is good capitalism?

No, I think the level to which NYC thought they were going to tell Amazon how to run their business, as though Amazon needed them more than they needed Amazon, was extremely bad capitalism, and bad government. Amazon apparently thought so, too, which is why NY has now failed at one of the primary functions of city government.

The way MOST cities go about it, making deals to encourage new businesses to open in their city that actually WORK, is a pretty standard feature of capitalism, yeah.

Cronyism. You sure have a lot of faith in politicians. You sound rather socialist...

FLUSH!