AOC Flunks Economics 101

[hadit]

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

We can use it to offset the 27b they lost. In lala land, that balances, right?

 

[hadit]

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'.

.

She's right. If corporations don't have to pay taxes guess who will have to pay more? You and me.

So what state is going to take Amazon and not make them pay taxes? It's a race to the bottom.

Only by focusing on one part of the picture can you pretend that NY was going to lose 3b if Amazon came into town. Such is not wise.

 

[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'.

.

She's right. If corporations don't have to pay taxes guess who will have to pay more? You and me.

So what state is going to take Amazon and not make them pay taxes? It's a race to the bottom.

So ny was going to raise the tax rate of individuals because they were giving amazon a tax break? Lol

If every company pulls this "give us a tax break or we will move" then eventually no companies will pay taxes and then your taxes will have to go up you fucking dummy. I can't believe I have to explain this.

And this is the GOP goal. They don't believe corporations should pay taxes because they employ people. Do you deny this? OMG you vote GOP and don't even know what they are about. Stupid.

Lol that is not what you said.
You are dumb as fuck.

 

[Oddball]

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

No shit, Dick Tracy.....True as that is, there's still no $3 billion for the economic nitwit AOC to redistribute to the sainted pooooooor.....That is the reason that she stated for opposing the deal.

 

[Bootney Lee Farnsworth]

Almost everyone is direct competition with amazon.

Do you understand the difference between direct and indirect....never mind. It's like arguing with a child.

Fine.

If giving tax breaks to out-of-state companies to entice them to move to my state and boost the economy of my state (which helps EVERYONE, including competitors) is "socialist"....FINE, you dumbfuck. I will accept your dumbass label.

Now, go fuck your idiot self.

 

[sealybobo]

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'.

.

She's right. If corporations don't have to pay taxes guess who will have to pay more? You and me.

So what state is going to take Amazon and not make them pay taxes? It's a race to the bottom.

Only by focusing on one part of the picture can you pretend that NY was going to lose 3b if Amazon came into town. Such is not wise.

This is why Democrats didn't have a better economic rebound after the Bush Great Recession. They weren't willing to lower corporate taxes anymore. Of course Republicans are and eventually that's going to shift the tax burden on to you and me.

 

[iceberg]

next time we give someone $500 in welfare and food stamps cause they're in their 18th month of "joblessness" let me know how many jobs they put into the economy again.

Wait...$500 for someone with no job "horrifies" you...but 3 BILLION for the richest corporation in the world...is great

Oh...

i see you left off 18th month and that this is welfare, not a way to get back on their own feet.

but hey - you just bitch. like a bitch.

 

[iceberg]

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.

Conservatives don’t seem to mind welfare . When it’s given to giant corporations.

next time we give someone $500 in welfare and food stamps cause they're in their 18th month of "joblessness" let me know how many jobs they put into the economy again.

most of it went toward stock buy backs to help prop up the stock market, for profit.

why is there any homelessness in right to work States.

they have a right to work just like the rest of us.

 

[sealybobo]

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'.

.

She's right. If corporations don't have to pay taxes guess who will have to pay more? You and me.

So what state is going to take Amazon and not make them pay taxes? It's a race to the bottom.

So ny was going to raise the tax rate of individuals because they were giving amazon a tax break? Lol

If every company pulls this "give us a tax break or we will move" then eventually no companies will pay taxes and then your taxes will have to go up you fucking dummy. I can't believe I have to explain this.

And this is the GOP goal. They don't believe corporations should pay taxes because they employ people. Do you deny this? OMG you vote GOP and don't even know what they are about. Stupid.

Lol that is not what you said.
You are dumb as fuck.

What I said was If corporations don't have to pay taxes guess who will have to pay more? You and me.

Is that not true? How are they going to make up for all that money we are no longer getting?

In Michigan they are trying to figure out a way to pay for our crumbling roads. After giving all those corporate tax breaks away now the politicians are asking us if they should raise our car registration fees or gas tax. So we see that because the rich and corporations got tax breaks, now the politicians are coming to us digging in our pockets.

 

[Bootney Lee Farnsworth]

This is why Democrats didn't have a better economic rebound after the Bush Great Recession. They weren't willing to lower corporate taxes anymore. Of course Republicans are and eventually that's going to shift the tax burden on to you and me.

So, government should not worry about the effects tax policy has on the economy, and fuck individuals over in a shitty, jobless market....all so government can get its cut?

Government exists for the benefit of the people. Not the other way around.

.

 

[TNHarley]

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

No shit, Dick Tracy.....True as that is, there's still no $3 billion for the economic nitwit AOC to redistribute to the sainted pooooooor.....That is the reason that she stated for opposing the deal.

she wants them to use the 3b they saved for investment into the city

 

[Bootney Lee Farnsworth]

In Michigan they are trying to figure out a way to pay for our crumbling roads. After giving all those corporate tax breaks away now the politicians are asking us if they should raise our car registration fees or gas tax. So we see that because the rich and corporations got tax breaks, now the politicians are coming to us digging in our pockets.

Well, let's take a look at the rest of Michigan's budget. Does Michigan have a revenue problem, or a spending problem?

(hint: it's always a spending problem)

 

[Clementine]

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'.

.

Giving Amazon a tax break meant taking a few billion less. They would have ended up with billions more in revenue from the company and employees. The jobs created would have been awesome.

No one was giving Amazon shit. The city has offered tax breaks for a few years now in hopes of getting companies to move there.

AOC is an idiot. If she really believes that NY was giving anything up, she is downright dangerous. Those who believe her are even more dangerous because they are the voters who will sell the rest of us out in hopes of free stuff. They are clueless. The term 'useful idiots' definitely applies here.

It's also disturbing that our schools and colleges are churning out idiots like this.

 

[TNHarley]

AOC is almost as retarded as the bedwetters in this thread

 

[Bootney Lee Farnsworth]

Giving Amazon a tax break meant taking a few billion less.

But, that's the thing. NYC was NOT taking 3 billion less. NYC did not have that 3 billion in the first place. That's only what NYC WOULD HAVE had if Amazon actually moved there. That's what makes AOC and all the others agreeing with her, complete fools.

 

[hadit]

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'.

.

She's right. If corporations don't have to pay taxes guess who will have to pay more? You and me.

So what state is going to take Amazon and not make them pay taxes? It's a race to the bottom.

Only by focusing on one part of the picture can you pretend that NY was going to lose 3b if Amazon came into town. Such is not wise.

This is why Democrats didn't have a better economic rebound after the Bush Great Recession. They weren't willing to lower corporate taxes anymore. Of course Republicans are and eventually that's going to shift the tax burden on to you and me.

Sounds like a good reason for the government to stop coming up with new things to spend money on.

 

[Oddball]

Giving Amazon a tax break meant taking a few billion less.

But, that's the thing. NYC was NOT taking 3 billion less. NYC did not have that 3 billion in the first place. That's only what NYC WOULD HAVE had if Amazon actually moved there. That's what makes AOC and all the others agreeing with her, complete fools.

And then after the tax deal expired, NY could have taxed the living hell out of them, like they do everyone else.

 

[Bootney Lee Farnsworth]

And then after the tax deal expired, NY could have taxed the living hell out of them, like they do everyone else.

I know. AOC is too dumb for her own good.

 

[TNHarley]

Has she been inaugurated yet? I havent seen it on the news. I know she has been looking forward to that.

 

[Oddball]

Has she been inaugurated yet? I havent seen it on the news. I know she has been looking forward to that.

She was already sworn in by the Wicked Witch of the West.