Alexandria Ocasio-Cortez Follies

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May 12th, 2020 at 3:46:36 PM permalink
AZDuffman
Member since: Oct 24, 2012
Threads: 128
Posts: 13331
Quote: Mission146
No idea, but it's Boston University. Probably not their fault. Likely she got her degree to give the appearance of credence to her positions, so she may well have passed the classes legitimately enough, even though no economics professor would even contemplate teaching you half of the stuff that comes out of her mouth. Revoking her degree will be sufficient.


IMHO what comes out of her mouth is very due to what many college campuses have become. Remember, she got her degree then went back to bartender. So assuming she applied for something in her field she must have not interviewed well.
The man who damns money has obtained it dishonorably; the man who respects it has earned it
May 12th, 2020 at 3:54:16 PM permalink
Mission146
Member since: Oct 24, 2012
Threads: 15
Posts: 1119
Quote: AZDuffman
IMHO what comes out of her mouth is very due to what many college campuses have become. Remember, she got her degree then went back to bartender. So assuming she applied for something in her field she must have not interviewed well.


I can’t really speak to that. None of my jobs have been directly related to my economics degree, either. I guess I’ve made management at a few different places, but I had been doing that even before finishing college. All you really need to make management at any sales or service job is to be at least minimally competent and willing to put in a ton of hours.
"Mondlicht leuchtet fahl auf moosbedecktes Menschengebein."
May 12th, 2020 at 4:00:36 PM permalink
AZDuffman
Member since: Oct 24, 2012
Threads: 128
Posts: 13331
Quote: Mission146
I can’t really speak to that. None of my jobs have been directly related to my economics degree, either. I guess I’ve made management at a few different places, but I had been doing that even before finishing college. All you really need to make management at any sales or service job is to be at least minimally competent and willing to put in a ton of hours.


ECON is a weird degree. It will usually lead people to basic management of some sort as "true" ECON jobs are few and far between and you probably have to know someone. Reality is it is just one part of a skill set in business. You have to be really good at the math part and forecasting. The other classes are part of the "rounded person" thing. I loved History of Economic Thought but it related zero to any job I ever had. Collective Bargaining was an Econ class where I went for some reason. Liked it but one and only one job interview wanted to discuss it at all. Though it did help somewhat in management and it lets me see the fake "Fight for $15" movement for what it is. Fake unionization demands for the camera.

Sadly AOC will be in her safe district for many years. In 2032 she will likely make a fool of herself running for POTUS.
The man who damns money has obtained it dishonorably; the man who respects it has earned it
September 8th, 2020 at 3:09:32 AM permalink
AZDuffman
Member since: Oct 24, 2012
Threads: 128
Posts: 13331
Mark Dice may be on to something.

The man who damns money has obtained it dishonorably; the man who respects it has earned it
September 8th, 2020 at 6:19:51 AM permalink
Tanko
Member since: Aug 15, 2019
Threads: 0
Posts: 428
Quote: AZDuffman
Sadly AOC will be in her safe district for many years. In 2032 she will likely make a fool of herself running for POTUS.


She is extremely popular with the 18-29 year old demographic. It was her endorsement that helped Sen. Markey defeat Kennedy by 11 percentage points in the recent primary. He beat Kennedy by 50 percentage points in the 18-29 year old demographic.

"Most powerful Democrat in America" - FOX

She will primary Schumer next year.
September 8th, 2020 at 7:11:51 AM permalink
Tanko
Member since: Aug 15, 2019
Threads: 0
Posts: 428
Quote: AZDuffman
CET is built on junk bonds. Do you know what the term means? What casino was not built on credit? Ben Siegel’s Flamingo maybe.


Romney was the first to unfairly criticize Trump for those bankruptcies.

Trump owns roughly 500 Corporations. Only six of his corporations have declared bankruptcy.

Five of those bankruptcies were in AC, due to the legalization of casinos in neighboring states.

The average millionaire will file for bankruptcy an average 3.5 times in their lifetime.

Trump is a billionaire.

Romney, made his fortune bankrupting companies.

22% of the companies Bain invested in, went bankrupt.

“The result has been a brilliant comedy: A man makes a $250 million fortune loading up companies with debt and then extracting million-dollar fees from those same companies,” - Rolling Stone

Much like what ‘Big Paulie’ did in ‘Good Fellas’, when he took control of that night club.
September 8th, 2020 at 7:38:13 AM permalink
AZDuffman
Member since: Oct 24, 2012
Threads: 128
Posts: 13331
Quote: Tanko
Romney was the first to unfairly criticize Trump for those bankruptcies.

Trump owns roughly 500 Corporations. Only six of his corporations has declared bankruptcy.

Five of those bankruptcies were in AC, due to the legalization of casinos in neighboring states.

The average millionaire will file for bankruptcy an average 3.5 times in their lifetime.

Trump is a billionaire.

Romney, made his fortune bankrupting companies.

22% of the companies Bain invested in, went bankrupt.

“The result has been a brilliant comedy: A man makes a $250 million fortune loading up companies with debt and then extracting million-dollar fees from those same companies,” - Rolling Stone

Much like what ‘Big Paulie’ did in ‘Good Fellas’, when he took control of that night club.


I am not a Romney fan after he went turncoat, but I do not fault him for the BKs. A fund like Bain makes its money on turnarounds. When you do this kind of investing you will have a high number of failures. You make the money on the home run trades. "Shark Tank" works on the same principle.

Same with Trump. They guy is not afraid to take a shot. Some work, some do not. Part of life.
The man who damns money has obtained it dishonorably; the man who respects it has earned it
September 8th, 2020 at 7:39:33 AM permalink
AZDuffman
Member since: Oct 24, 2012
Threads: 128
Posts: 13331
Quote: Tanko
She is extremely popular with the 18-29 year old demographic. It was her endorsement that helped Sen. Markey defeat Kennedy by 11 percentage points in the recent primary. He beat Kennedy by 50 percentage points in the 18-29 year old demographic.

"Most powerful Democrat in America" - FOX

She will primary Schumer next year.


All you say is true. But she is still an elaborate practical joke that got completely out of hand.
The man who damns money has obtained it dishonorably; the man who respects it has earned it
September 8th, 2020 at 8:24:51 AM permalink
Mission146
Member since: Oct 24, 2012
Threads: 15
Posts: 1119
Quote: Tanko
Romney was the first to unfairly criticize Trump for those bankruptcies.

Trump owns roughly 500 Corporations. Only six of his corporations has declared bankruptcy.

Five of those bankruptcies were in AC, due to the legalization of casinos in neighboring states.

The average millionaire will file for bankruptcy an average 3.5 times in their lifetime.

Trump is a billionaire.

Romney, made his fortune bankrupting companies.

22% of the companies Bain invested in, went bankrupt.

“The result has been a brilliant comedy: A man makes a $250 million fortune loading up companies with debt and then extracting million-dollar fees from those same companies,” - Rolling Stone

Much like what ‘Big Paulie’ did in ‘Good Fellas’, when he took control of that night club.


Oh, come on!!!

All you have to do is look at a calendar. Most of the other casino states in that part of the country weren't even casino states the first time or two that he filed for bankruptcy protection for one of the companies. Pennsylvania, Maryland, Ohio...no, no and no. I'd like to think that you're not suggesting that competition coming from West Virginia and Michigan was too much to overcome. West Virginia didn't even have table games.

The fact of the matter is that the later building projects were financed largely with high-interest loans and Junk grade bonds...also high interest. The later casinos would open essentially needing a miracle just to keep up with the interest obligations, let alone ever being able to pay off the loans/bonds upon maturity. It's the same thing that happened to Revel, you needed to pull numbers that had never been seen in the jurisdiction, numbers never before seen in the jurisdiction either did not happen...or did not happen enough.

In fairness, the casinos are there and Trump is largely responsible for many of them. It also doesn't even rise to the level of a, "Buyer Beware," situation because Junk Bonds are highly risky (hence the high interest) and are highly speculative. Bondholders know that a substantial number of them won't be paid off at maturity and fully anticipate that they'll take a haircut in bankruptcy court. Depending on the type of bankruptcy, bondholders often end up with a stake in the company that emerges. It's just business for those kind of investors.

But, the notion that out-of-state competition brought down the casinos is laughable. WHAT out of state competition?

So...it all really depends on what perspective you want to look at it from. Objectively speaking, it's just business that happens every day and seems to be all quite within the boundaries of the law.
"Mondlicht leuchtet fahl auf moosbedecktes Menschengebein."
September 8th, 2020 at 8:28:48 AM permalink
Mission146
Member since: Oct 24, 2012
Threads: 15
Posts: 1119
Quote: AZDuffman


I am not a Romney fan after he went turncoat, but I do not fault him for the BKs. A fund like Bain makes its money on turnarounds. When you do this kind of investing you will have a high number of failures. You make the money on the home run trades. "Shark Tank" works on the same principle.

Same with Trump. They guy is not afraid to take a shot. Some work, some do not. Part of life.


I agree with all of that. All who invested with him in AC were aware, or should have been aware, of the risks. On the other hand, you could see where it hurts the, "Successful businessman," image he likes to project...particularly in the eyes of anyone who doesn't know that these are just every day transactions and dealings.
"Mondlicht leuchtet fahl auf moosbedecktes Menschengebein."
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