Gyroscopic Investing

WiseOne wrote: ↑Mon Feb 11, 2019 8:27 am Took a quick peek at the Green New Deal. It's mainly a call for Congress to get off their derrieres and stop amusing themselves with Trump-baiting, and start working on infrastructure that really does need attention. Not at all a bad thing.

Some of the items on the list are ridiculously naive, like "upgrade all existing buildings to make them energy efficient" - hell, if that were at all feasible NYC would already have done it. Others are pure socialist crap like the one calling for cash welfare for "anyone unable or unwilling to work.", "A guaranteed job for all." (Guaranteed by whom? and to do what?) and "high speed rail to make air travel non-existent" (is she not aware of the distance between the west and east coasts?) But others I could really get behind. High speed rail for mid/near distance travel, infrastructure repair, smart power grid, more sustainable/renewable energy.

dualstow wrote: ↑Mon Feb 11, 2019 9:53 am I will reserve any judgment of AOC until she's served for ten years. She might turn out to really be something when she gets used to the levers of government.

Asked about the "Green New Deal" in an interview with Politico on Wednesday, Pelosi dropped this amazing bit of shade on it:
"It will be one of several or maybe many suggestions that we receive. The green dream, or whatever they call it, nobody knows what it is, but they're for it, right?"
I mean.
Pelosi knows exactly what she's doing here. Her utter dismissiveness of the "Green New Deal" -- and, by extension, AOC, who is the member most closely identified with it, is entirely intentional.
Pelosi knows that AOC is a rising national power -- particularly among the most activist and liberal left. Given Ocasio-Cortez's profile -- and her influence among young, liberal members -- Pelosi knows she can't just ignore what the New York Democrat says and does. But she isn't going to kowtow to AOC either.
Earlier this year, Ocasio-Cortez was passed over for a spot on the powerful Ways and Means Committee despite the fact that Joe Crowley, who she beat in a primary last summer, had a seat on Ways and Means. That decision didn't come by accident -- and it didn't come without Pelosi knowing about it and likely directing it.
. . .
AOC may be a star nationally, but in the House she is just a very junior member of Pelosi's majority -- albeit it one with a larger-than-normal megaphone on issues close to her. link

Kriegsspiel wrote: ↑Mon Feb 11, 2019 12:16 pm In reading a bit about her, it's interesting how she got into Congress.
...
It was in a solidly Democrat district, where the incumbent, Crowley (who himself got into Congress through some political machinations), didn't even bother campaigning
...
But O-C did campaigning and won when "only about 20,000 voters participated in the district’s primary election."

Cortopassi wrote: ↑Sat Feb 09, 2019 10:19 am

Kriegsspiel wrote: ↑Sat Feb 09, 2019 7:59 am Noah Smith calculated the cost as roughly $6.6 trillion/year.

He said he assumed no cost overruns, all guaranteed jobs go to the environmental investments, zero loss of economic efficiency, and zero cost for the "affordable housing for all" guarantee.

She was a barmaid until like 4 months ago.

And that disqualifies her? That she actual grew up like a "normal" American, in a regular neighborhood?

Also: She graduated cum laude from Boston University's College of Arts and Sciences in 2011, majoring in international relations and economics.

and in high school:

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.[20] In a show of appreciation for her efforts, the International Astronomical Union named a small asteroid after her: 23238 Ocasio-Cortez.

Got an asteroid named after you?

Libertarian666 wrote: ↑Tue Feb 12, 2019 10:15 am

Cortopassi wrote: ↑Sat Feb 09, 2019 10:19 am

Kriegsspiel wrote: ↑Sat Feb 09, 2019 7:59 am Noah Smith calculated the cost as roughly $6.6 trillion/year.

He said he assumed no cost overruns, all guaranteed jobs go to the environmental investments, zero loss of economic efficiency, and zero cost for the "affordable housing for all" guarantee.

She was a barmaid until like 4 months ago.

And that disqualifies her? That she actual grew up like a "normal" American, in a regular neighborhood?

Also: She graduated cum laude from Boston University's College of Arts and Sciences in 2011, majoring in international relations and economics.

and in high school:

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.[20] In a show of appreciation for her efforts, the International Astronomical Union named a small asteroid after her: 23238 Ocasio-Cortez.

Got an asteroid named after you?

Ok, so she's not stupid.

Just insane and/or evil.

Cortopassi wrote: ↑Tue Feb 12, 2019 10:53 am I am coming full circle. I assume most of us are older guys here (sorry WiseOne).

Doesn't anyone remember college and high school? The world is your oyster mentality, nothing can stop you, and for me at least, and I assume many, being a crapload way more liberal than you are now?

I was a member of Greenpeace, World Wildlife Fund/Federation, ACLU, etc. I thought old people were destroying the planet.

Now with 19 and 15 year old girls, they are turning my eyes back to the optimism and hope I used to feel when I was younger. I HAVE to feel that optimism and hope, otherwise I'd fall into a cesspool of cynicism and depression worried about my kids and how they are going to get on in this screwed up world.

So I choose to be more liberal now, because it works for me. It feels better. I am probably naive.

MangoMan wrote: ↑Tue Feb 12, 2019 12:14 pm

jacksonM wrote: ↑Tue Feb 12, 2019 12:00 pm It just occurred to me that AOC and her socialist friends have come up with the perfect plan to reduce illegal immigration - transform the U.S.A. into one of the "s***hole" countries and nobody will want to come here any more.

Scott Adams now thinks AOC is the de facto head of the Dem party, as all of the 2020 candidates have jumped on the GND bandwagon. Howard Schultz is correct, they are all out of touch with reality and need someone more moderate.

MangoMan wrote: ↑Tue Feb 12, 2019 12:14 pm

jacksonM wrote: ↑Tue Feb 12, 2019 12:00 pm It just occurred to me that AOC and her socialist friends have come up with the perfect plan to reduce illegal immigration - transform the U.S.A. into one of the "s***hole" countries and nobody will want to come here any more.

Scott Adams now thinks AOC is the de facto head of the Dem party, as all of the 2020 candidates have jumped on the GND bandwagon. Howard Schultz is correct, they are all out of touch with reality and need someone more moderate.

Cortopassi wrote: ↑Tue Feb 12, 2019 3:47 pm Duh. All I saw was Ground. Engineer in me.

Libertarian666 wrote: ↑Fri Feb 08, 2019 6:09 pm Fortunately there is no chance these insane proposals will be enacted.

jacksonM wrote: ↑Fri Feb 15, 2019 4:29 pm

Libertarian666 wrote: ↑Fri Feb 08, 2019 6:09 pm Fortunately there is no chance these insane proposals will be enacted.

I'm assuming that every one of these proposals will eventually be enacted in one form or another and it's only a matter of time. Do you have any evidence of failed socialist proposals to refute my belief? I don't mean that they don't work but that they eventually win their day in the sun, regardless of the harm they do.

jacksonM wrote: ↑Wed Feb 27, 2019 3:06 pm I'm sure that most of the Dems supporting the GND (are there any who aren't) are doing so because they have studied the science themselves and reasonably concluded that it truly is, as they say, an "existential crisis". AOC, being probably the most recent college graduate among them, was surely well-schooled on this subject the same as she was in economics.

Sarcasm intended.

Kriegsspiel wrote: ↑Wed Feb 27, 2019 4:26 pm I believe she was an international studies major with an economics track (a couple classes), not an economics major. Unverified.

Ocasio-Cortez attended Yorktown High School, graduating in 2007.[20] She came second in the Microbiology category of 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.[21] In a show of appreciation for her efforts, the International Astronomical Union named a small asteroid after her: 23238 Ocasio-Cortez.[22][23] In high school, she took part in the National Hispanic Institute's Lorenzo de Zavala (LDZ) Youth Legislative Session. She later became the LDZ Secretary of State while she attended Boston University. Ocasio-Cortez had a John F. Lopez Fellowship.[24] In 2008, while Ocasio-Cortez was a sophomore at Boston University, her father died of lung cancer.[25][26] During college, she served as an intern in the immigration office during the final year of U.S. Senator Ted Kennedy's tenure.[27] "I was the only Spanish speaker, and as a result, as basically a kid—a 19-, 20-year-old kid—whenever a frantic call would come into the office because someone is looking for their husband because they have been snatched off the street by ICE, I was the one that had to pick up that phone," Ocasio-Cortez said. "I was the one that had to help that person navigate that system."[27]

She graduated cum laude from Boston University's College of Arts and Sciences in 2011, majoring in international relations and economics.[24][28][29]