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Open Discussion Discuss Alexandria Ocasio-Cortez at the General Forum; It is my opinion that Ocasio is in desperate need of a prune juice enema....

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  #311 (permalink)  
Old 03-14-2019, 11:04 AM
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Default Re: Alexandria Ocasio-Cortez

It is my opinion that Ocasio is in desperate need of a prune juice enema.
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Old 03-14-2019, 12:09 PM
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Default Re: Alexandria Ocasio-Cortez

Yes comrades, loan decisions are subject to political dictates. The good of the collective as determined by Leftists. Banks ought to be punished when they failed to conform to the whims of Democrats.

Of course a baker refusing to bake a custom cake for a homosexual weddings ought to be fined into bankruptcy. But banks should have to refuse loan applications from businesses Democrats don't like.
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Old 03-14-2019, 08:24 PM
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Default Re: Alexandria Ocasio-Cortez

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Originally Posted by Hairy Jello View Post
Anyone else see this debacle yesterday?

This woman is a pure dunce.

Ocasio-Cortez tries to knock out Wells Fargo CEO during questioning — and embarrasses herself instead

Rep. Alexandria Ocasio-Cortez (D-N.Y.) tried to grill the CEO of Wells Fargo during his testimony before Congress on Tuesday but it resulted in embarrassing video for the upstart freshman congresswoman.

Timothy Sloan testified in the House Financial Services Committee Hearing meant to hold "megabanks" accountable. Rep. Maxine Waters (D-Calif.) chairs the committee and headed the hearing.

Ocasio-Cortez first tried to tie the bank to family separations at the border, but Sloan simply denied they had any direct involvement.

"Why was the bank involved in the caging of children and financing the caging of children to begin with?" Ocasio-Cortez asked.

"I don't know how to answer that question because we weren't," Sloan replied flatly.


"Uh, so in finan... you've, you were financing, involved in debt financing in CoreCivic and GEO group, correct?" Ocasio-Cortez continued, referring to two public prison firms.

"For a period of time, we were involved in financing one of the firms, we are not anymore," Sloan said. "I'm not familiar with the specific assertion you are making, we were not involved in that."

Ocasio-Cortez then turned to global warming issues surrounding the financing of various oil pipelines.

She asked if Wells Fargo should pay for spills from the Keystone XL pipeline, but Sloan responded that they didn't directly finance that pipeline. She had to move on.

Ocasio-Cortez then asked if they should be liable for global warming effects from their pipeline financing.

"I don't know how'd you calculate that, congresswoman," Sloan replied.

"Say from spills, or when we have to reinvest in infrastructure building sea walls from the erosion uh, of," Ocasio-Cortez stammered, "um, from the erosion of infrastructure or cleanups, wildfires, et cetera."

"Related to that pipeline?" Sloan asked. "I'm not aware that there's been any of what you've described that's occurred that's related to that pipeline."

Ocasio-Cortez, clearly growing impatient, demanded to know why Wells Fargo shouldn't pay for clean up from theoretical spills in the future that haven't happened yet.

"Because we don't operate the pipeline," he responded, "we provide financing to the company that's operating the pipeline."


Despite being unable to corner the CEO, Ocasio-Cortez declared victory on social media and demanded that those who disagree with her stop debating and simply cave to her demands.

"It's too late for us to not have to deal w/ the impact of climate change," she tweeted. "At this point we shouldn't be debating IF we do it, it's how."
This lady is a special kind of stupid. A stupid that only comes around once in a generation. And to think, she had over 16,000 people dumb enough to vote for her.
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Old 03-14-2019, 09:11 PM
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Default Re: Alexandria Ocasio-Cortez

Just when ya thought Socialist Girl couldn't be more retarded....

Ocasio-Cortez again proves she's clueless on economics

Rep. Alexandria Ocasio-Cortez, D-N.Y., exposed her economic ignorance again this week when she argued that bankers should be liable for borrowers' mistakes.

During Capitol Hill testimony from Wells Fargo CEO Timothy Sloan, Ocasio-Cortez contended that if in the event of an oil spill on the Dakota Access Pipeline, which Wells Fargo helped finance, the bank should be held responsible.

"If there was a leak from the Dakota Access Pipeline," Ocasio-Cortez asked rhetorically, "why shouldn’t Wells Fargo pay for the cleanup of it, since it paid for the construction of the pipeline itself?”

"Because we don't operate the project," Sloan responded. "We provide financing to the company that’s operating the pipeline.”


This is getting embarrassing.

Ocasio-Cortez’s point betrays a total naïveté about how financing works. Her contention is akin to claiming that a bank holding a car loan should be responsible if the owner gets into a crash. It's like saying a bank holding a home mortgage should pay to fix the pipes when they burst.

The socialist congresswoman misunderstands the role of credit in the economy. Credit exists to match capital to its most highly valued use. For entrepreneurs and small businesses, this means matching capital in search of ideas with ideas in search of capital. The United States' deep and liquid capital markets are a major reason for its economic productivity and success.

This access to credit allows entrepreneurs and homebuyers to achieve their small business and homeownership ambitions – the American Dream – without the lack of funds standing in their way. This is a big reason why the U.S. has the largest and most vibrant middle class in global history (notwithstanding the conjecture of Ocasio-Cortez and her fellow Democratic socialists). In many countries, you have to be born rich to succeed in business.

If Ocasio-Cortez had her way and lenders were held liable for their borrowers' business decisions, access to credit would dry up because banks would be forced to stop lending to all but the most established clients. Entrepreneurship and economic growth would contract. Economic inequality would increase, because the little guy would lose access to credit.

Ocasio-Cortez overlooks the reality that banks already have built-in liability for their debtors' mistakes. It's called the free market. If a business makes poor decisions and goes bankrupt, the loan will not be repaid and the bank will lose its investment.

Notably, the one area where there aren't consequences to risky lending is when it's done by the government; if Ocasio-Cortez wants to increase government liability for bad taxpayer loans to businesses, we'd support that.

Because they have skin in the game, banks obsessively examine the creditworthiness of their potential clients for potential business mistakes. The natural regulations inherent in the free market prevent banks from making overly risky bets on projects that could, for example, cause significant environmental damage.

Sloan made this exact point in his testimony on Tuesday: "One of the standards that we set in banking (for) any sort of industry that has various reputational issues is to make sure that there's a double check beyond just the normal credit underwriting that we would do."

Yet his bank concluded that the Dakota Access Pipeline was a worthwhile bet: "The reason we were one of the 17 or 19 banks that financed that is because our team reviewed the environmental impact and we concluded that it was a risk that we were willing to take."

This episode fits in with Ocasio-Cortez’s all-time greatest hits of economic ignorance. This album includes her support for a $15 minimum wage that put the coffee shop where she used to work out of business; pursuing a "Green New Deal" that would fundamentally transform the economy and quadruple the national debt; and chasing Amazon out of New York City because she didn't understand how tax credits work.

Of course, Ocasio-Cortez’s biggest economic folly is her general support of socialism – a thoroughly discredited system that the U.S. economy should be moving away from, not toward.
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Old 03-15-2019, 08:30 AM
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Default Re: Alexandria Ocasio-Cortez

By AOC's logic (that was hard to type, but hear me out) her constituents, who voted or didn't vote that ultimately put her into office, should be responsible for the 25,000 jobs lost by NYC due to her crusade to keep Amazon out.
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Old 03-15-2019, 10:42 PM
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Default Re: Alexandria Ocasio-Cortez

Basically the more Socialist Girl speaks the less peeps like her.

Ocasio-Cortez favorability inches up — but the same poll has very bad news for her
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Old 03-16-2019, 02:03 PM
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Default Re: Alexandria Ocasio-Cortez



I almost spewed Corona out of my nose reading this. If y'all watched the hearings ya know this is pretty much how it went.

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Old 03-17-2019, 02:14 PM
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Default Re: Alexandria Ocasio-Cortez

Personally I love Socialist Girl. She's the best thing to happen to the Republican party in years.

Ocasio-Cortez lashes out at Fox News after poll shows her unfavorable ratings have skyrocketed

Quote:
Rep. Alexandria Ocasio-Cortez (D-N.Y.) lashed out at Fox News over the weekend after new polling showed that her "unfavorable" ratings have skyrocketed among most voter demographic groups.

What do the number say?

The new Gallup survey released last Friday showed that Ocasio-Cortez is becoming a well-known politician despite her freshman status in Congress. However, with the recognition has come negative perception.

In fact, while the poll found her favorability has inched up seven points since last September from 24 percent to 31 percent, Ocasio-Cortez's unfavorable ratings have found a similar boost: 15 points since last September from 26 percent 41 percent.
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Old 03-17-2019, 02:17 PM
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Default Re: Alexandria Ocasio-Cortez

It's been a few minutes so that means SG has said something stupid/offensive.

Alexandria Ocasio-Cortez mocks prayer in wake of deadly New Zealand massacre

Quote:
Ocasio-Cortez tweeted, "At 1st I thought of saying, 'Imagine being told your house of faith isn't safe anymore.' But I couldn't say 'imagine.' Because of Charleston. Pittsburgh. Sutherland Springs. What good are your thoughts & prayers when they don't even keep the pews safe?"
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Old 03-18-2019, 08:01 PM
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Default Re: Alexandria Ocasio-Cortez

If you want to know what subconscious bias looks like, it’s a headline saying “AOC is underwater with every group EXCEPT women, nonwhites, and 18-34 year olds.”

So older, conservative white men are considered “everyone” and everyone else is discounted as an exception.
Alexandria Ocasio-Cortez
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