Just after the 10th anniversary of the fall of Lehman Brothers, co-founder of the Home Depot (HD) Ken Langone cited the market crash that followed as the reason many millennials have a negative view of capitalism.
“They were 8, 9, 10, 11, 12 years old,” Langone told Yahoo Finance’s Julia La Roche at the All Markets Summit on Sept. 20. “So capitalism did not present itself very well.”
Langone went on to suggest that countries that have adopted a socialist system aren’t doing well. To the millennials who seem to favor socialism, Langone said: “I’ll put you in my plane and I’ll fly you down to Venezuela, and let’s see how good socialism is doing down there.”
Congressional candidate Alexandria Ocasio-Cortez (D-N.Y.) said Sunday that the Medicare for all proposal she and other progressives have championed would ultimately save Americans money, despite studies that have shown the idea would cost up to $40 trillion.
“Medicare for all would save the American people a very large amount of money. And what we see as well is that these systems are not just pie in the sky,” Ocasio-Cortez said on CNN’s “State of the Union,” noting that Canada, France, the United Kingdom and other democracies have a similar form of health care.
“What we need to realize is these investments are better and good for our future. These are generational investments,” she added.
Socialist Alexandria Ocasio-Cortez’s working class credentials are under scrutiny again after she was pictured wearing a $3,500 outfit for a photo-op with construction workers.
Ocasio-Cortez wore a $1990 Gabriela Hearst blazer, $890 Gabriela Hearst pants and $625 Monolo Blahnik shoes.
The outlay on such an expensive outfit left some wondering if such wealth could have been redistributed better.
“This so pisses me off,” responded one Reddit user. “Bugs the shit out of me that she wants to raise taxes, pretending to champion the poor….in a $3k outfit.”
“I’ve never met a socialist who had the faintest idea of redistributing a penny of their own money. They’re all about taking all the time,” added another.
On Friday’s Real Time show on HBO, liberal host Bill Maher and actor Jim Carrey celebrated recent Democratic candidates running on far-left platforms and identifying themselves as “socialists,” leading Carrey to proclaim: “We have to say yes to socialism — to the word and everything. We have to stop apologizing.”
As Maher turned the discussion to the midterm elections and the successful primary campaigns of candidates like Alexandria Ocasio-Cortez, the liberal comedian rejoiced that Democrats are moving to the far left on issues:
“And they did it with unabashed liberal proposals — Medicare for all, ending student debt, a different approach to the war on terror, ending mass incarceration. It seems like if there is a — maybe shining spot in this Trump tragedy, it’s that it’s made the Democrats sort of rediscover who they are.”
According to a new poll, California’s two biggest statewide races in 2018 are tightening, as the leads for front-runners Gavin Newsom and Dianne Feinstein have been cut to single digits.
The poll, conducted by Probolsky Research between Aug. 29 and Sept. 2, found that Lt. Gov. Newsom leads Republican businessman John Cox 44 percent to 39, with 17 percent of the poll’s participants saying that they are undecided.
Additionally, the poll found that Sen. Feinstein leads progressive challenger Kevin de León 37 percent to 29, with a whopping 34 percent of participants undecided.
San Francisco Chronicle
Should the U.S. government provide medical care for everybody? A shocking new poll that was just released found that 70 percent of all Americans actually want this to happen.
Of course if they also asked people if they wanted their taxes to double in order to pay for such a system, the percentage of favorable responses would have probably been a lot lower. But still, this poll result shows that Americans are willing to embrace socialism to a degree that would have been absolutely unthinkable a decade or two ago. Of course “Medicare for all” is not going to happen as long as Donald Trump resides in the White House, but if future polls keep returning similar results it is only a matter of time before a Democratic administration will implement such a policy. And as we have seen with Obamacare, once a new social program is in place it can be nearly impossible to get rid of it.
We all knew that a high percentage of Democrats were in favor of “Medicare for all”, but what really shocked me was that this poll found that 52 percent of Republicans are now in favor of it….
Maryland Democratic gubernatorial candidate Ben Jealous wants the state to cover the cost of community college tuition for ‘dreamers’ — undocumented immigrants brought to the United States as children.
If elected, Jealous said he plans to allocate $3 million to pay for an estimated 700 undocumented immigrants to attend community college free. He would expand on a 2012 initiative that allowed ‘dreamers’ to receive in-state tuition at Maryland’s public colleges and universities.
“Children who came to this country, have made this place their home, and have worked hard and graduated from a Maryland high school should be given every opportunity to succeed,” Jealous said in a statement. “This isn’t just a moral issue, it’s an economic issue.”
Democrats are liking their chances going into this November’s congressional elections. History is behind them, including a strong precedent of opposition midterm gains and recent special elections revealing unusual GOP weakness. And so are most polls. Taking back the House looks likely, while a Democratic Senate is in play as well.
Nonetheless, internal debates and divisions continue to undermine Democrats’ confidence in — and arguably their chances of — a “blue wave” election in November. Denizens of democratic socialism and social justice urge greater radicalism to rally the Democrats’ multi-cultural base and boost turnout.
Abolish ICE, student debt, institutional racism and the patriarchy, pushing full-steam for impeachment are all rallying cries of the left. Pragmatists warn of the dangers of identity politics and emphasize a more traditional mix of working- and middle-class appeals, hoping to avoid scaring off older, white Americans, who tend to vote at a more steady clip.
A few weeks ago, a member of the Democratic Socialists of America (DSA) wrote an article for Vox explaining the movement’s goals – to end capitalism and radically change America.
In normal times, the declarations of a fringe party and ideology in America would not merit much attention. However, these are not normal times. A new Gallup poll shows that 57 percent of Democrats have a favorable view of socialism – while only 47 percent view capitalism positively.
This pattern has been building for a while. Sen. Bernie Sanders of Vermont took socialism mainstream in the party during the 2016 Democratic presidential primaries. Since then, Democratic Party candidates have been increasingly attaching themselves to the ideology.
Most notably, a telegenic young member of the Democratic Socialists of America named Alexandria Ocasio-Cortez defeated a senior Democrat in New York City’s 14thCongressional District and has since been on a whirlwind media tour, spreading the gospel of socialism.
Alexandria Ocasio-Cortez, the Democratic socialist star running for New York’s 14th congressional district, is facing criticism after her campaign banned journalists from covering a town hall meeting with voters this week.
The Queens Chronicle, a local news outlet, reported that the campaign for the 28-year-old progressive prevented reporters from attending a campaign event in Corona on Sunday, even though it was open to the rest of the public. The campaign reportedly barred reporters from a prior event as well.
Ocasio-Cortez returned to her district after stumping for like-minded candidates across the country, even joining up with Vermont Sen. Bernie Sanders. She became an overnight political sensation and a sought-after endorsement on the left upon defeating longtime Rep. Joe Crowley in New York’s Democratic primary in June.
Her campaign did not immediately return a request for comment about the ban from Fox News. But a spokesman told the Queens Chronicle all the national attention contributed to the decision to prevent reporters from covering the event.