Prominent investor rips Ocasio-Cortez as ‘financially illiterate,’ advocates removing her from office

Prominent investor rips Ocasio-Cortez as ‘financially illiterate,’ advocates removing her from office
Tracy Maitland, Alexandria Ocasio-Cortez (Images: YouTube screen grab)

[Ed. – But she majored in economics.]

Rep. Alexandria Ocasio-Cortez was ripped as “financially illiterate” Friday for her role in killing the Amazon deal at the same Midtown conference where she was a featured speaker a couple of hours earlier.

“The people campaigning against the Amazon campus are financially illiterate,” Tracy Maitland, president and chief investment officer of Advent Capital Management, said during a panel discussion at the National Action Network conference in Midtown.

Afterwards Maitland told The Post, “This was a disgrace. I partially blame AOC for the loss of Amazon. She doesn’t know what she doesn’t know. That’s scary. We have to make sure she’s better educated or vote her out of office.”

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Maitland said the misimpression created by Ocasio-Cortez and other Amazon critics was that the state and city were giving the company a blank $3 billion check.

The reality, he said, is that Amazon was only getting tax credits based on the number of jobs created. Amazon and New York officials estimated a new headquarters in Queens would generate up $30 billion in tax revenues as well as 25,000 jobs.

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