Is Alexandria Ocasio-Cortez good or bad for Democrats? – CNN

Is Alexandria Ocasio-Cortez good or bad for Democrats? - CNN

Alexandria Ocasio-Cortez, second most talked-about politician in America, graces Time cover

New York (CNN Business)Rep. Alexandria Ocasio-Cortez graced the cover of this weeks issue of Time magazine, further cementing the freshman congresswomans status as a national figure.

Just this week, the company launched a wildly misleading attack on the Green New Deal, asserting that its goals of rapidly decarbonizing the U.S. economy “are not in the realm of the possible.”

Why? Limited government means Americans have more choice. Americans, not the government, are better at deciding their future. Millions of Americans improve their children's lives just like her family did by moving to a better town or encouraging hard work and quality education. Contrary to her belief, it was not the "zip code" that defined her life, but her upbringing by her parents. Her parents were not forced or encouraged by government-backed guarantees to make these decisions, but by a determination to make sure their loved ones had a better life than they did. But if Ocasio-Cortez gets her way under Democratic Socialism, which has failed everywhere it has been tried, we would all be placed in the same "zip code." This means we would all suffer as big government decreases our ability to make choices while forcing supposedly good items like free healthcare, free homes, free education, and a cleaner environment upon us. 

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According to a report by the Sierra Club and other leading environmental groups, however, JPMorgan Chase has provided a staggering $196 billion dollars in financing for fossil fuels and fossil fuel expansion since the December 2015 Paris Agreement, in which 200 nations unanimously agreed to leave most fossil fuels in the ground.

Just before the Paris deal, JPMorgan Chase signed a statement with Bank of America, Citi, Morgan Stanley, Wells Fargo, Goldman Sachs, and other big financial companies embracing the need for strong action. “Our institutions are committing significant resources toward financing climate solutions,” the statement read.

Student loan debt is astronomical because colleges raise prices every year. They do so because federally backed student loans guarantee cash flow to these schools. Just like the banks, what does college care if a student is able to repay their loans once they graduate? The money backed by the feds is already in their pocket. Again, if the government quit "guaranteeing" more and more money each year, the country wouldn't be stuck with a student loan crisis. The New York Congresswoman says "Screw paying for college, let us just have the government make it free."

Video: Rep. Alexandria Ocasio-Cortez Breaks Down What the Green New Deal Really Is

But since the Paris Agreement, those institutions have devoted $700 billion in financing to fossil fuel expansion, including coal mining, coal power, the tar sands, and oil drilling in remote locations like the Arctic — the very things that are destroying our livable climate the fastest.

The great recession began because government interference forced banks to lend risky home loans to poorer individuals. The government knew these people could not pay them back, but made banks give loans under the guise of achieving the "American dream." Because of the government's involvement, banks did not care about defaults because they knew they would be paid anyway. In 2007, when this practice finally caught up to the economy, the country blamed Republicans. But it was Democrats who started this and its Ocasio-Cortez wants to continue similar practices.

In 2017, Dimon also said he “absolutely” disagrees with President Donald Trump’s decision to withdraw the United States from the historic climate deal. However, this week’s report shows that JPMorgan Chase has since become the leading banker of fossil fuels and fossil fuel expansion.

Time's profile of Rep. Alexandria Ocasio-Cortez proves that while she had an American childhood experience like millions of others, the Congresswoman's vision for the country is wholly antithetical to the ideals which made it possible. After the Time piece, a more enlightening Twitter revelation by Ocasio-Cortez shows that our country's historical lessons, and what has made this nation so great, are totally beyond her sphere of recognition. Ignorance, her words unwittingly evince, is the driving factor of her agenda.

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Indeed, the banking report finds that the company is responsible for $1 out of every $10 of fossil fuel financing provided by the 33 major global banks it tracked. JPMorgan Chases funding of the top companies expanding fossil fuel extraction and infrastructure ranks in 68 percent higher than second place Citibank.

Both Dimon and JPMorgan Chase have spent this week trashing the Green New Deal, a non-binding resolution aimed at developing a plan consistent with the dire nature of current climate science.

Ocasio-Cortez represents one vision of the Democratic Partys future, Times Charlotte Alter notes in her cover story. Shes a political phenomenon: part activist, part legislator, arguably the best storyteller in the party since Barack Obama and perhaps the only Democrat right now with the star power to challenge President Donald Trump.

Alexandria Ocasio-Cortez makes the cover of Time magazine

Scientists say Ocasio-Cortezs dire climate warning is spot on Michael Mann: There is no scenario for stabilizing warming below 2°C that doesnt require rapid reductions in carbon emissions over the next decade.

Fox News likes to say my name (incorrectly) as Cortez, which I can only imagine is bc that sounds more stereotypically Hispanic + probably incites more anxiety for them, she continued. My last name is not Cortez, just as theirs isnt Ingra or Carl or Hann.

Ocasio-Cortez jokes that Trump is a nematode

On Monday, Michael Cembalest, chief investment officer at JP Morgan Asset Management, published the company’s annual energy paper, titled, “Mountains and Molehills: Achievements and Distractions on the Road to Decarbonization.”

If by the Latina thing, she means I actually do the work instead of just talk about it, then yeah, Im doing the Latina thing, she wrote. Unless of course shes talking about being multilingual, which we know isnt a Latina thing. Its a 21st century thing.

The paper criticizes the Green New Deal, claiming it “mandates zero net emissions for the US by 2030 for the entire energy sector (not just from electricity generation), and does so while phasing out nuclear power and relying heavily on carbon sequestration by forests.”

She added: My last name is Ocasio-Cortez. Full stop. Thats my name. No, you cant say Cortez. Ive never used that in my life. Cortez is referring to someone else. Even if theyre trying to be rude + wrong, my dads last name was Ocasio anyway.

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In fact, the Green New Deal is a “nonbinding” resolution, as its leading proponent, Rep. Alexandria Ocasio-Cortez (D-NY), tweeted Wednesday.

Rep. Alexandria Ocasio-Cortez fired back against Laura Ingraham on Wednesday after the Fox News host and a guest mocked the freshman New York Democrat for the way in which she pronounces her name.

The resolution calls for full decarbonization of the electricity sector alone by 2030, while calling for decarbonization of other sectors like transportation over the next decade “as much as is technologically feasible.”

Siri, show me the brand of economic anxiety that mocks Americans of color as unintelligent + unskilled, while *also* mocking those same Americans for speaking more languages than you: pic.twitter.com/HXBC7Osexu

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Meanwhile, the resolution is completely silent on nuclear power, and carbon sequestration is one of many strategies offered.

"She's a young Hispanic woman, three cornerstones of the party's electoral coalition. She's a democratic socialist at a time when confidence in capitalism is declining, especially among progressive millennials. The issues she ran on — a Green New Deal, Medicare for All, a federal jobs guarantee, abolishing ICE — are animating a new generation of Democrats. She's a political phenomenon: part activist, part legislator, arguably the best storyteller in the party since Barack Obama and perhaps the only Democrat right now with the star power to challenge President Donald Trump's."

Despite this, Cembalest concluded this week that the deal’s goals were “not a useful foundation for a serious policy discussion.”

"Her Green New Deal proposal has driven policy debates on the left, but it has virtually no chance of becoming law anytime soon. Her allies plan to boost primary challengers to moderate and conservative Democrats, a push that Ocasio-Cortez has distanced herself from but one that has earned her the enmity of some colleagues. Many House Democrats resent her celebrity and worry it overshadows efforts to reach the moderate voters who propelled the party to the majority. Privately, some admit they're also a little afraid of her."

Beto O’Rourke is right on climate, and the AP fact-check is wrong Experts back ORourke's warning that we have no more than 12 years for bold climate action

Still, Time says "she's replaced Hillary Clinton as the preferred punching bag of Fox News pundits and Republican lawmakers, and the hits are taking their toll. Public opinion of Ocasio-Cortez has soured as she becomes better known; according to a Gallup poll conducted in February, 31 [percent] of Americans overall have a favorable impression of her, against 41 [percent] unfavorable — a 15-point swing since September. The same poll found that her popularity had increased with Democrats and nonwhites."

Given JPMorgan Chase’s vast financing of fossil fuels, the worlds worst banker of climate change appears poorly positioned to criticize any resolution that takes seriously the Paris goal of keeping total warming “well below 2°C” (3.6 degrees Fahrenheit) and as close as possible to 1.5 degrees Celsius (2.7 degrees Fahrenheit).

In an interview with CNN Tuesday, Dimon was dismissive of the Green New Deal, saying “I don’t spend much time worrying about things I can’t effectuate.” He also questioned the approach, “Can you focus on climate change in an intelligent way that doesnt damage the economy?” 

Alexandria Ocasio-Cortez: Student Loan Crisis Means My Entire Generation…Is Delaying or Forgoing Purchasing Houses

Dimon, of course, can’t “effectuate” a carbon tax. And the one thing the JPMorgan Chase executive could effectuate — stopping his bank from financing the destruction of the climate — he has chosen not to do.

At the same time, the all-AOC approach misses the mark in vastly overstating her influence. Freshmen have little real power in an institution based on seniority. Pelosi hasn't exactly embraced Ocasio-Cortez's proposals. So she has the ability to drive a media debate, but not to call an oversight hearing or put a bill on the floor.


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