I don’t think anyone doubts that the future of any political party lies in the young leaders. The Republicans have Dan Crenshaw. And the Democrats have Alexandria Ocasio-Cortez. AOC grew up with a silver spoon in her mouth, and attended the prestigious Boston University. After graduating, she worked as a bartender / waitress. But she has opinions about running U.S. economic policy.
Daily Wire reports:
Socialist Rep. Alexandria Ocasio-Cortez (D-NY) cheered the news that oil futures plunged below zero on Monday as demand due to the coronavirus pandemic continued to plummet.
Ocasio-Cortez tweeted: “You absolutely love to see it. This along with record low interest rates means it’s the right time for a worker-led, mass investment in green infrastructure to save our planet. *cough*
Ocasio-Cortez wrote her statement while promoting a tweet that stated: “Oil prices now at ‘negative values,’ meaning oil producers have to pay people to take it off their hands and store it because when demand plunges (like now), that is less expensive for them than building more storage and/or shutting wells down.”
So, I have two thoughts about this.
First thought is that the reason that energy companies don’t invest in green energy is because wind and solar power are far more expensive than conventional sources of power like coal, natural gas and nuclear. That is not even considering the inconsistency of wind and solar, or the murderous effects on wildlife, especially birds. If conventional sources of energy like crude oil are priced LOW, then that makes them an even better deal than green energy. The only way green energy would be viable is if the price of conventional sources were HIGH. This woman has a degree in “economics” from Boston University. I think you can see why she was working as a bartender / waitress for her entire career after graduating.
Second thought is that the Democrats need the economy to go into a recession so they can win in November. Trump’s policies led to amazing economic growth. We’re struggling right now because of the Wuhan virus, but the economy is set for a strong (STRONG!) recovery in the second half of the year. The only hope that the Democrats have is to destroy the economy. And that’s why their allies in the news media are trying to trumpet any bad news they can find in order to keep the economy shut down long enough that we really do go into a recession.
Now, you might think that AOC isn’t all bad, and that she is supporting efforts to provide relief to small businesses impacted by the government’s stay-at-home orders. But you’d be wrong.
Fox News explains:
Meanwhile, negotiators from the House, Senate and White House are close to finalizing an accord on the so-called “phase 3.5” response to the coronavirus pandemic and hope to have an agreement late Monday or Tuesday, Fox News is told.
The response will include $310 billion for the Paycheck Protection Program (PPP), which offers grants to small businesses struggling to make payroll, sources tell Fox News. The $350 billion fund depleted last Thursday.
A separate provision worth $60 billion (including $50 billion in loans and $10 billion in grants) would be allocated to economic disaster loans. Also included: $75 billion for hospitals and $25 billion for coronavirus testing. The total of the package would be north of $470 billion.
Ocasio-Cortez has said she’ll oppose the plan in its current form because it doesn’t do enough for illegal immigrants, among others. It’s wrong for Congress to pass an incomplete package and then “peace out” for several weeks, she remarked.
It doesn’t do enough for illegal immigrants, so she can’t support it. I hope you are learning something about Democrats, because this is where the party is going in the future.