The ultra left liberal Democrats in New York City are still taking a victory lap over pushing Jeff Bezos and Amazon out of the city.
They are celebrating the loss of 250K jobs with a median salary of $150K for positions the city totally lacks in the 21st century: High tech development careers.
These positions were not here to make sure your package arrived on time or that Alexa understood your voice, no these were the positions that were going to catapult Amazon to its next iteration.
The men and woman hired would probably develop the first true cancer database for assessing tumors and treatment through AI running on Amazon’s cloud storage system assessing millions of prior scans and treatment options in real time.
That’s one of hundreds of ideas that may have come out of this effort.
Instead we have House Rep. Alexandria Ocasio-Cortez — who is the subject of a perfect meme of holding a surge protected power strip plugged into itself and smiling — celebrating that the $3 billion in Amazon givebacks can now go to the people.
AOC did not get it, since she is only 29 perhaps, that there is no $3 billion to spend. The only way Amazon would received $3 billion in givebacks was if it created $27 billion in revenue for the city in payroll taxes by hiring people.
There’s no such thing as free energy Alexandria and there’s no $3 billion for the people. You and your ultra left-leaning cohorts made sure of that.
While we await the State Of The Union on Tuesday as well as Feb. 15th deadline on the House bill for border wall funding, it appears the Democrats are lining up their new target.
Wall Street appears to be in the cross hairs of more than the Sen. Elizabeth Warren, Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez.
On Sunday Sen. Chuck Schumer and Sanders penned an Op-Ed in the NY Times suggesting that corporate stock buybacks need to curtailed as firms have changed to be solely focused on shareholder value at the detriment of workers.
The opinion piece cited this statistic without any attribution.
Between 2008 and 2017, 466 of the S&P 500 companies spent around $4 trillion on stock buybacks, equal to 53 percent of profits. Another 30 percent of corporate profits went to dividends. When more than 80 percent of corporate profits go to buybacks and dividends, there is reason to be concerned.
I believe this is significant that Schumer, who has bankers as his top supporters, comes out against the hands that feed him. It appears the democrats are searching for a new cause that can resonate with American people.
This marks an important change with the liberal left. Of course it has more gravitas than Ocasio-Cortez slamming Wall Street with uninformed rhetoric.
I’m more interested to see if this gets any traction with the Limousine Liberals in New York, Chicago and Los Angeles, who have profited from these share buybacks in their portfolios.
So looking into my crystal ball, are the Democrats about to cave on the wall and will move to Wall Street as its next cause?
What does NY Congresswoman Alexandria Ocasio-Cortez mean for the country?
AOC — as she is known — has what many politicians don’t have: charisma and a plan, albeit a disastrous economic plan.
Her Green New Deal platform aims at eliminating carbon emissions in the US within 12 years and is partly funded by tax rates as high as 70 percent for the nation’s wealthiest.
Her idea of combating climate change with punitive tax rates is well received by the far left, which should not be a surprise, but AOC is not happy to stop there. She has taken to social media to push her idea further into the mainstream.
House Speaker Nancy Pelosi has her hands full with this freshman congresswoman. How she handles AOC will dictate plenty on AOC’s future. At 29 she is the youngest person ever in the House of Representatives.
Given her drive to chase Senate Majority leader Mitch McConnell around Washington on Wednesday to get an audience with him — press in tow — tells you she has far bigger plans for herself than representing just her Brooklyn and Queens NY constituents.
With just days in office AOC has already made a name for herself and her placement on the House Financial Services committee should give her some more TV air time.
While AOC may be the new face of change in Washington, my guess is that some in the Democratic leadership are looking for someone to run against her in less than two years to get this stinging bee out of their bonnet.
However, by the next election rolls around she may already be running for the Senate from NY. Nothing will surprise me when it comes to AOC.