@firespinnr Being optimistic, change has to start somewhere, and that start is is with public disclosure and the conversation itself. She's a freshman congressman, and so far, she's doing far more than most of the crusty old multi term congressman around her.
@firespinnr I do. So, where's step two we ask, that is, actually doing something about it. It can be very much like mass shootings, a whole lotta lip service right after, then it fades from everyone's radar. I've yet to hear a single democratic candidate talk about the subject.
Imagine if we, the people, sued TransDigm for inflating the cost of this part (and probably many others) that we, paid for, with our tax dollars. Imagine what kind of margins we, the people, could make back. Hmm, would that be tax deductible, considering that the money is already taxed when it was first taken from you? Questions...
Wrong. Cortez is incompetent in her approach to questioning. TransDigmn has nothing to do with insulin. They're not responsible for Congress' ineptitude in lowering the cost of drugs. They're not responsible for the government's approach to negotiating the price of a clutch. The government awarded TransDigm the contract to supply clutches because the government (not TransDigm) determined the company's price was fair and reasonable. TransDigm did not make that determination. When the government wants a unique part and the logistics tail to go along with it, but only wants a very limited number of those components, of course it's going to be expensive. Do you think TransDigmn is able to design, test, manufacture, repair and maintain a support structure to continually supply these parts, at no cost? There are massive overhead costs for TransDigm: facilities, manufacturing equipment, labor force, etc. The company is doing the job they were hired to perform. Sorry that it's on a very limited basis, but those were the government's requirements. There's no secret to how much the government pays the contractor. The government negotiated the price! If you have an issue with the cost, why aren't you asking the government's item manager to testify and explain why he/she pays what they pay for the part. They're spending the tax dollars! If Cortez hopes to make a meaningful and impactful change, she needs to get off her grandstand and start targeting the root of problems in a productive and sensible way. She needs to understand that it's not TransDigm's fault that people cannot buy insulin, it's the GOVERNMENT'S fault for not addressing root causes of the problems. Try reading the Federal Acquisition Regulation to being understanding only one root cause of the many problems associated with your rant. All Cortez is doing here is trying to win a popularity contest with her constituents while overlooking the deep rooted issues in the government's own acquisition regulations. Pathetic use of taxpayer dollars that fund her paycheck. Playing stump-the-dummy with a witness testifying in front of your committee is an embarrassing display of your Congressional power. Are you happy now? No, of course not. You feel more emboldened than ever to charge forward with more thoughtless questions in other committee hearings without doing your due diligence to more fully understand all sides of whatever issue you're addressing. This is why you are ineffective!
@@RedondoBeach2 tell me what is her " due diligence ?" You seem disturbed that she pulls no punches. She is doing her job..I see nothing wrong with her questions.
Cortez is incompetent in her approach to questioning. TransDigmn has nothing to do with insulin. They're not responsible for Congress' ineptitude in lowering the cost of drugs. They're not responsible for the government's approach to negotiating the price of a clutch. The government awarded TransDigm the contract to supply clutches because the government (not TransDigm) determined the company's price was fair and reasonable. TransDigm did not make that determination. When the government wants a unique part and the logistics tail to go along with it, but only wants a very limited number of those components, of course it's going to be expensive. Do you think TransDigmn is able to design, test, manufacture, repair and maintain a support structure to continually supply these parts, at no cost? There are massive overhead costs for TransDigm: facilities, manufacturing equipment, labor force, etc. The company is doing the job they were hired to perform. Sorry that it's on a very limited basis, but those were the government's requirements. There's no secret to how much the government pays the contractor. The government negotiated the price! If you have an issue with the cost, why aren't you asking the government's item manager to testify and explain why he/she pays what they pay for the part. They're spending the tax dollars! If Cortez hopes to make a meaningful and impactful change, she needs to get off her grandstand and start targeting the root of problems in a productive and sensible way. She needs to understand that it's not TransDigm's fault that people cannot buy insulin, it's the GOVERNMENT'S fault for not addressing root causes of the problems. Try reading the Federal Acquisition Regulation to being understanding only one root cause of the many problems associated with your rant. All Cortez is doing here is trying to win a popularity contest with her constituents while overlooking the deep rooted issues in the government's own acquisition regulations. Pathetic use of taxpayer dollars that fund her paycheck. Playing stump-the-dummy with a witness testifying in front of your committee is an embarrassing display of your Congressional power. Are you happy now? No, of course not. You feel more emboldened than ever to charge forward with more thoughtless questions in other committee hearings without doing your due diligence to more fully understand all sides of whatever issue you're addressing. This is why you are ineffective!
@@RedondoBeach2 And yet, TransDigm has agreed that they price gouged the government and is reimbursing $16.1M in excess profits. So tell me again how ineffective AOC was in her line of questioning? Source: federalnewsnetwork.com/defense-main/2019/05/transdigm-agrees-to-reimburse-pentagon-following-allegations-of-price-gouging/
RedondoBeach2 The article just posted also states that they weren’t being honest with prices. I agree that it’s the governments responsibility to negotiate fairly for the American people, but by exposing the company that was a path towards recouping funds. I’m sure the company didn’t want to lose the contract. I’d like to know who has the final say in purchasing these products and what relationships or kickbacks they have with the vendors. Republicans always say “how are you going to pay for it” when it comes to certain government programs. And ironically it’s the free market and competition which could help trim the fat of our budget - a policy that Republicans always stand behind rather than evil socialism. Yet they ignore their own ideology when it doesn’t suit them.
@@RedondoBeach2 If by conglomeration, you mean that they buy out all of their smaller competitors then sure, it's a conglomeration. and why do they buy out all their smaller competitors? Why so that when it comes time to bid on necessary parts, they don't have any competition. there are several articles in the past year that I've highlighted just how inefficient the current bid system is, especially because it allows larger companies with is there a competitors to jack up their prices, which then means that the government has no choice but to pay them because there is no free market in play. Spare your disdain for AOC, and whatever beef you have with her, and instead point towards the fact that she is the first person to put someone like this on the spot and ask those pointed questions which led to the reimbursement of the excess profits. And that's not even counting the deceptive business practices that this company I was using. Refusing to turn over cost analysis whenever they could? I have absolutely no idea why you're defending them. But you're shooting the messenger instead of listening to the message, and that's half the problem with this country right now.
This is why I feel gross when I see how much I pay in taxes. I’m ok paying it if it was going to something that made sense, but it doesn’t. This is dumb AF
Honestly, cutting the fat out the damn defense budget, we could do GND, Medicare for all AND free college. I read a story last year where the Pentagon, in a 5-year period ending FY 2016 wasted $125B!!! I believe it was in the Washington Post.
Ask political puppets if they could know how many Universal healthcare countries (Medicare for all Systems) are there in the world… We love you, Rep. Ro Khanna and Rep. Alexandria Ocasio-Cortez … and more patriotic Democrats in Congress always work for public interests…
I loved that moment. The poor man, he was nervous as hell to 'try' and answer that one. Ha! AOC is what we need to bring the Dems up to the task of fighting these corrupt and greedy Republicans!
Cortez is incompetent in her approach to questioning. TransDigmn has nothing to do with insulin. They're not responsible for Congress' ineptitude in lowering the cost of drugs. They're not responsible for the government's approach to negotiating the price of a clutch. The government awarded TransDigm the contract to supply clutches because the government (not TransDigm) determined the company's price was fair and reasonable. TransDigm did not make that determination. When the government wants a unique part and the logistics tail to go along with it, but only wants a very limited number of those components, of course it's going to be expensive. Do you think TransDigmn is able to design, test, manufacture, repair and maintain a support structure to continually supply these parts, at no cost? There are massive overhead costs for TransDigm: facilities, manufacturing equipment, labor force, etc. The company is doing the job they were hired to perform. Sorry that it's on a very limited basis, but those were the government's requirements. There's no secret to how much the government pays the contractor. The government negotiated the price! If you have an issue with the cost, why aren't you asking the government's item manager to testify and explain why he/she pays what they pay for the part. They're spending the tax dollars! If Cortez hopes to make a meaningful and impactful change, she needs to get off her grandstand and start targeting the root of problems in a productive and sensible way. She needs to understand that it's not TransDigm's fault that people cannot buy insulin, it's the GOVERNMENT'S fault for not addressing root causes of the problems. Try reading the Federal Acquisition Regulation to being understanding only one root cause of the many problems associated with your rant. All Cortez is doing here is trying to win a popularity contest with her constituents while overlooking the deep rooted issues in the government's own acquisition regulations. Pathetic use of taxpayer dollars that fund her paycheck. Playing stump-the-dummy with a witness testifying in front of your committee is an embarrassing display of your Congressional power. Are you happy now? No, of course not. You feel more emboldened than ever to charge forward with more thoughtless questions in other committee hearings without doing your due diligence to more fully understand all sides of whatever issue you're addressing. This is why you are ineffective!
@@RedondoBeach2 Your statement makes me think you're the incompetent one. If you don't understand simple concepts like drawing parallels for example, comparing the profit margin to how many people can be provided with insulin in that ridiculous mark up, then you need to go back you school and stop watching fox news.
@@korisx She wasn't drawing a parallel, she was drawing a distorted triangle for political gain. Her rant changed nothing. Insulin prices will remain the same. The price of the clutch will remain the same. Okay, so she brought awareness to an issue that people will remember for the brief moment that they watch the video... then they'll forget about it. Have you contacted your representative to let them know how you feel about the government paying what it does for clutches? If you haven't but you intend to, what background information do you have to indicate with certainty that the price is too much? Cortez certainly didn't give you that information. She doesn't know. She just knows that she feels like the price is too high. At the same time, she wants hire wages for the people making the clutches, better healthcare, better working conditions and more time off for maternity leave. She doesn't care to try and understand that even though the government want's to buy a very limited number of very unique clutches only used by the military, that there are costs associated with designing, testing, manufacturing, storing, repairing, and supplying these clutches to the military on a potentially years long basis. Imagine if you owned a business and a customer asked you to design a unique part but only wanted a small number of them but wanted you to also maintain that capability for years, maybe decades. Can you imagine what the costs would be for you to maintain a workforce capable for doing that, the machinery involved, special tooling, the overhead costs of the real estate, the annual taxes, etc? The company is not producing clutches on a large scale. Similarly, the Air Force bought less than 40 B-2 aircraft. Is it any surprise that each one of those aircraft cost more than $2 billion each, back in the 90s when they were produced? Imagine what the cost would be in today's dollars.
Everybody would have NOTHING. and she would Dictate what American's Will and WON'T..... Period. She came from that kind of Shit hole. Her parents Ran to get away And then teach her how to change and Destroy U.S.A.
Cortez is incompetent in her approach to questioning. TransDigmn has nothing to do with insulin. They're not responsible for Congress' ineptitude in lowering the cost of drugs. They're not responsible for the government's approach to negotiating the price of a clutch. The government awarded TransDigm the contract to supply clutches because the government (not TransDigm) determined the company's price was fair and reasonable. TransDigm did not make that determination. When the government wants a unique part and the logistics tail to go along with it, but only wants a very limited number of those components, of course it's going to be expensive. Do you think TransDigmn is able to design, test, manufacture, repair and maintain a support structure to continually supply these parts, at no cost? There are massive overhead costs for TransDigm: facilities, manufacturing equipment, labor force, etc. The company is doing the job they were hired to perform. Sorry that it's on a very limited basis, but those were the government's requirements. There's no secret to how much the government pays the contractor. The government negotiated the price! If you have an issue with the cost, why aren't you asking the government's item manager to testify and explain why he/she pays what they pay for the part. They're spending the tax dollars! If Cortez hopes to make a meaningful and impactful change, she needs to get off her grandstand and start targeting the root of problems in a productive and sensible way. She needs to understand that it's not TransDigm's fault that people cannot buy insulin, it's the GOVERNMENT'S fault for not addressing root causes of the problems. Try reading the Federal Acquisition Regulation to being understanding only one root cause of the many problems associated with your rant. All Cortez is doing here is trying to win a popularity contest with her constituents while overlooking the deep rooted issues in the government's own acquisition regulations. Pathetic use of taxpayer dollars that fund her paycheck. Playing stump-the-dummy with a witness testifying in front of your committee is an embarrassing display of your Congressional power. Are you happy now? No, of course not. You feel more emboldened than ever to charge forward with more thoughtless questions in other committee hearings without doing your due diligence to more fully understand all sides of whatever issue you're addressing. This is why you are ineffective!
She is trying to figure out how to get some money funneled into her personal account. What do you bet , she is a millionaire already, with not quite 6 months in congress !
Scott M not necessarily there available on request. Also she doesn’t have a tax record as a senator yet and won’t for year so again where does your assumptions come from?
@@gazinta Do you really think $800 dollars was going to hammers it's creative accounting to pay for things that the government doesn't want us to know they're spending money on
@@gazinta Obamacare or the actual name Affordable Care Act. Was designed to toss the public a bone while still keeping the status quo of keeping america enslaved to a system of debt and insurance. Obama himself took the single payer option out of the ACA. He is a capitalist democrat beholden to his donors and not the people. Free tuition IS happening all over. Several states have put policies in place for that. Your anger is misplaced. Look at the entire picture and not just what the media wants you to see 👍
@@destinedrebel Quit psychoanalyzing people you don't know. "Obamacare" should be called "Nixoncare". Its regurgitated, spiffed-up policy rejected by the Nixon administration due to the fact Nixon thought it was a bad policy that would fail or lack public support. Turns out, Nixon was right. Manditory auto insurance and seat belt laws were grooming techniques to get us primed up for the shakedown that was coming(looking back). Hindsight is 20/20. As for your comment on MSM being my god? Dead wrong, homie. Do your own homework.
Darlene McHugh You won’t hear that because these people are very calculative and intelligent. They simply choose to implement the morally bankrupt plan.
GET CORPORATE money OUT of politics if you want DEMOCRACY! Americans know this, but MOST DUCK THE ISSUE at every local, state and/or election! WHY? WHY?? WHY???
R. Forrest Blount - if Corporations set the rules for cost accounting standards, I would agree. However, the cost accounting rules are not established by Companies. They are promulgated by the federal government.
Hi Tom. I did some research. The federal government does set the Cost Accounting Standards which are, of course, needed. The problem is that companies work around the edges and under the reporting limits of those parameters by splitting contracts, etc., so as not to expose their cost manipulations to government scrutiny, which results in absurd corporate profits in some, if not many, cases. This is what AOC specifically mentioned. I am thinking that no matter what the actual parameters set, each will have reporting limits where scrutiny can be avoided attached to it. Am I wrong about this?
R. Forrest Blount - since I did this work for several years as an accountant, I don’t ever recall splitting contracts. In many cases, if not all, the government set the limits on how much profit could be made as a percentage. The government can audit every aspect of a government contract. They certainly do in large contracts. In smaller contracts, it may not be worth the time. Let’s say some company is awarded a $600,000 government contract. The government won’t necessarily audit it since it’s too small unless they suspect something is not right. Tome and time again AOC’s staff, the ones who prepare these questions, want to make her look like the “populist” individual she claims. Time and time again, many of these questions are so loaded with hyperbole and factual errors, it’s hard to take them seriously. Unfortunately, that’s the nature of politics. Both sides will present “facts” that are spun to fit their narrative. That’s why I have a difficult time taking it seriously. It’s a circus sideshow.
So is anyone else suddenly amazed at this woman? I just want to hear her speak over and over again. Her style is so flawless and her delivery is impeccable. I have never wanted to listen to anything Congress or the senate had to say. My god I can’t get enough
Suddenly? I've been watching her for almost a year. Shes an incredible example of what Americans deserve from their representatives. She could use some public speaking lessons (she tends to have run on sentences and trips over her toungue a bit) but that will come with time.
I thought it was brilliant how she tied this not atypical price gouging on just one part to how we could pay for national healthcare. The question is, assuming the government has access to the same information she does, who signs off on this kind stuff?
So the point is that if we get rid of these clutch disk then she can pay for socialized medicine for 350 million people. Excellent point AOC and let's get rid of that disk. I love how she can take any topic and turn it into socialised medicine.
I love her. To all you haters. Someone who just graduated 8 grade can do much better than donald trump. We need people like her in office. I would vote for her to be President!
The transdigm rep makes a good point. The politicians chose to do business with them knowing this was what the cost was going to be. If they were the best offer imagine what the others were.
I had a friend work for this company as an intern and he told me it was so poorly managed. The company at the top owns a bunch of small subsidiaries and they all overcharge each other. That price the government pays is the same amount that one of the subsidiaries would pay if it needed a part from the other. This company is probably the best example of a cluster fuck that I’ve ever seen
@tee th - What do you want? Just to let the Government & Corporations screw you, & not have politicians like AOC question the waste? You're such a moron, I pray you're too fat & lazy to vote...
tee, she wants to expose all the processes used by both parties. The problem is that both parties are doing the same things to exploit the American public.
Did you not hear that it was DOD? Congress does not itemeize the DOD purchasing..you need to learn what you are talking about before spouting ignorant nonsense.
yeah. Shaking of fear of the country. Not fear of her. Some people act strong and smart and powerful when there not. Nothing she says in this video is FACTUAL. Everbody knows shes socialist. Shes anti AMERICAN and from a terroristic part of the world
I've been around the block. Life has shown me that given enough time all politicians are fraudulent. She will let you down, you'll see. You'll gain life experience and then you'll see how it is.
I used to work for a Transdigm division. I can tell you all that I’m 90% confident Nick Howley lied in this video. He claimed that Transdigm won the contract for those parts in a competitive bid, with what would have been about 6-15 other potential suppliers. In reality what Transdigm probably did was, 1. Purchase the smaller business that was originally awarded the contract to manufacture those parts. 2. Retained the original company name so it isn’t obvious they are corporate owned. 3. Increased the prices on all of the company’s existed production parts by a substantial margin relying on the fact that second sourcing a part is very difficult for their existing customers, taking in some cases several years and astronomical fixed costs to procure and meet the qualification standards for the application. Having said this, Transdigm also doesn’t pay their employees competitive salaries. When your business strategy is buying out companies and jacking up prices, you don’t need tremendously experienced workers to win new business for you, making the resulting high turnover from under paying employees manageable. Nick is a giant scumbag to say the least.
Sad to have an inexperienced child addressing this issue. I don’t agree with this, but capitalism is at work, the government could go elsewhere. My company worked with government contracts and it was a miserable experience as they TOLD us what they would pay after reviews of our costs. Therefore I might assume the problem lies not with Transdigm but with the government purchasing departments.
Yeah, the clutch disk costs $33 to manufacture, but how much did the manufacturing plant cost to build? How many staff are employed with the income from this product? How much R&D was put into creating and perfecting the part? Is this company more than likely charging more than they should? Yeah probably. Is that against the law? Nope. TransDigm had to have won a bid for this contract. If it's proven that they did so illegally, then burn em at the stake. If not, that's the fault of the government for awarding them the contract.
They can rip you off and overcharge by roughly 300% for a restaurant soft drink like the ones served by a certain proud Latina-American former bartender and waitress. But where they really nickel and (Trans)Digm you is on those non-vehicular clutch disks! I would have to pass on those, personally. Unless, of course, my options were a tad limited and I felt I was being held captive somewhere in... I don’t know, maybe... an area with a reportedly high crime rate? Like a certain Hill at the end of a National Mall in DC, a particular segment of a Pennsylvania Avenue NW in said District, or perhaps even a five-sided stop off the VA-110 appropriately-named Jefferson Davis Highway in Arlington?
Thanks AOC for demonstrating why Non-motivated, non-accountable, bereauacratic buyers should not be in charge of purchasing. All companies will charge the maximum they can sell for. No matter what system you are working in. Including a socialist one. Base the government's pay on efficiency and accountability and you would see proper management of the the taxpayer's funds and decreased abuse.
Remember, that this is YOUR money that the government is spending. They should be looking after YOUR interests. This isn't a transaction between two private companies. You should care.
You don't think you need to sleep You can verbally sit there and say that it's do you things are then changed back to normal in your county It in there doing because you sit there
@@stevewodell6183 , never have and, if it does exist (and I believe you that it does), I doubt if it would sway my high opinion of her positive impact on the national conversations we are now having and her character as an elected representative. Steve, you have to be able to separate the wheat from the chaff.
How long did it take R&D the item ..and people do spend a $1000 on Jeans and your outfit AOC costs how much to make and how much was it to buy ..and how much was the person who made it payed per day
Has anyone ever examined, or questioned her sanity??? Has she EVER gone into an exclusive, High End clothing clothing store and paid $$$$$$$$ for her 'working clothes? (Remember, to her those $1,000 bonuses to ordinary working families were "crumbs" ! ) Did she question how much research went into the development and production of those high end clothes? Does she really care, if she likes the way they fit and look. IF SHE is really interested in pricing of new and exclusive items, she should visit, and analyze why some women, many in politics, pay thousands of $$$$$$$ dollars for new, glamorous gowns, to be worn once, when many stores we ordinary people shop in stores thst sell similar dresses for much less! WHY.? Why do they go only to exclusive designers and pay $$$$$$$$$ for clothes they would look just as good in?? BECAUSE THEY FIT THEIR NEEDS! Does she know how much research went into why making those parts , that do the job better than others, cost more.???? She is becoming a single minded idiot! Sad.
Why does the government pay these exorbitant prices ...The Government is the biggest contract these people have , and they don’t know how to negotiate on the price 🙈🙈🙈 just pay it , it’s only taxpayers money 🙈🙈🙈 This would make you think ( somebody ) is getting backhanders out of this .
Wait, let me see if I got this straight. The US GOVERNMENT paid $1,443 for an item that costs $32 to produce? This sounds more like a problem with the US GOVERNMENT than a problem with TransDign. This is what happens when people in government make decisions on how to spend our tax dollars and are not beholden to a bottom line, or required to make a profit. Take me for example. I am an inner city teacher. I sometimes need my students to have a folder. If I buy them through our school approved vendor list, it costs $1 each and that is $150. BUT, if I just go and buy them myself, I can get them for $.10 each and it costs ME only $15. Who is at fault here? The company that is obviously charging too much? Or the institution willing to be so stupid that they are willing to be fleeced? The company may be acting reprehensibly, but the government is acting stupidly. It takes two to tango. I know EXACTLY how this stuff occurs. Its some mid-level person working in government. They have a budget and they have to spend it. They want to go home and see their kids. Of course they could shop around and get the best deal, but they have to spend that budget anyways, and the longer they spend looking the less time they have with their family. They just want to go home. Plus, its not THEIR money they are spending. AND, probably in order to even have the right to buy from another source that is NOT on their approved vendor list, they would have to go to their bosses bosses boss and tell them how stupid they are for having an “approved vendors list” in the first place. I can already tell you how that is going to work out. This is not just a tale of a reprehensible company, this is a tale of the inherent problem with big governemnt.
Can you train in police officers angry Don't walk in front of me that way And now you want me to sit here and say you're intelligent there's a little bit a little bit for him no You're not looking for drugs That officer
perhaps this is a good demonstration of why it would be a bad idea to employ government run single-payer. The government also is a monopoly, although a different kind. but if the government is incompetent enough to pay 4,000 percent more than cost, why would we want them to take control of heath care. I do applaud AOC for exposing the orruption, and I hope she keeps up with it.
i love this woman. she is a diamond in the rough. it's a shame she isn't old enough to run for president, she'd win in a landslide. and mr fahey, thank you for your public service.
“There is significan collusion in these markets… A perfectly competitive market requires a large amount of competitors.” Sounds like she is making an excellent case for a free market economy and pointint out the problems with a market where the means of production is controlled by a single company… or government. Agree, agree, agree. Go AOC!
I'm not saying the part is not overpriced, but does she know what it cost in research and development to invent the part. Look at the cost of a coffee bean and then tell me why a cop of coffee at Starbucks costs 6.00 bucks. She is not a brain sturgeon !!!!!!
Congress let the people know how “hard your working,” what bill your trying to pass since when news papers, the news social media, so the people KNOW WHO BLOCKING THEM, Mitch McConnell, go to your districts and talk to you constituents, find out what’s their concerns, ideas, needs
She got a little grandstand-y (as a supporter, I love it! But as a neutral observer maybe we didnt need the bit about a captive market), but I love that she computes the number of insulin doses.
“If I blew it up much larger, it wouldn’t even be to scale…” Words are coming out of her mouth, and words do have meaning, but I’m not sure if she is aware that there is a connection between the two. .
What we are looking at here is the Federal Gov't has specific Federal Personnel that are responsible for a looking around and checking out specific manufacturers listed prices from pens/pencils to plants, carpet to flooring and jet engines to underware. Now of course a lot of these companies KNOW who these buyers are by name...and do they love to give away all sorts of goodies in order to secure those government contracts....THY SURE AS HELL DO INDEED. Just check out that government Buyer...then fire his/her A$$.
I have please dinner's all over this And I just wanted to be aware Had to write a 2 week notice to the landlord and now you're sitting here I'm pioneer press all over saying that they're trying to have everything written when I read that I
Engineering has a cost. Does she has a degree in economics? How did she get it? With her salary she could send kids to college. Why should we give her another dime?
Alexa Aa Considering she is a bumbling idiot, she is a pawn of the democratic part. How is that green new deal going? Wait, NO ONE voted for it. That’s ok, it was just a dry, sarcastic joke. After she was laughed at and fact checked.
“A free market REQUIRES a large number of competitors.” I agree. When one company holds a monopoly over an item, they can price gouge. When there are only a couple of competitors, they can “colude” as AOC puts it. Agree, agree, agree. This is why you have to have a free market economy, WITH competition. There is an inherent problem in 1 institution controlling the means of production. She nailed it by making a great arguement FOR capitalism and free markets. Not a great day for economic socialism though.
Greed makes people look ugly.
Because it is
“Ambition makes you look pretty ugly” - Radiohead, 1997
AOC....beholden only to the public!
GOD it's so amazing to watch CEO's and representatives squirm in front of an actual public servant.
We need 200 of her in congress...
Tyg Rahof hell no we don’t we need smart ppl in office
@@timreichert9982 Only 199
@firespinnr Being optimistic, change has to start somewhere, and that start is is with public disclosure and the conversation itself. She's a freshman congressman, and so far, she's doing far more than most of the crusty old multi term congressman around her.
@firespinnr I do. So, where's step two we ask, that is, actually doing something about it. It can be very much like mass shootings, a whole lotta lip service right after, then it fades from everyone's radar. I've yet to hear a single democratic candidate talk about the subject.
Corruption at it's highest level ..
Im not a fan of this, but hey are no different than all other corporations, including pharmaceutical corps that make insulin.
...that YOUR TAX DOLLARS ARE SUPPORTING!!!
Imagine if we, the people, sued TransDigm for inflating the cost of this part (and probably many others) that we, paid for, with our tax dollars. Imagine what kind of margins we, the people, could make back. Hmm, would that be tax deductible, considering that the money is already taxed when it was first taken from you? Questions...
Wrong. Cortez is incompetent in her approach to questioning. TransDigmn has nothing to do with insulin. They're not responsible for Congress' ineptitude in lowering the cost of drugs. They're not responsible for the government's approach to negotiating the price of a clutch. The government awarded TransDigm the contract to supply clutches because the government (not TransDigm) determined the company's price was fair and reasonable. TransDigm did not make that determination. When the government wants a unique part and the logistics tail to go along with it, but only wants a very limited number of those components, of course it's going to be expensive. Do you think TransDigmn is able to design, test, manufacture, repair and maintain a support structure to continually supply these parts, at no cost? There are massive overhead costs for TransDigm: facilities, manufacturing equipment, labor force, etc. The company is doing the job they were hired to perform. Sorry that it's on a very limited basis, but those were the government's requirements. There's no secret to how much the government pays the contractor. The government negotiated the price! If you have an issue with the cost, why aren't you asking the government's item manager to testify and explain why he/she pays what they pay for the part. They're spending the tax dollars! If Cortez hopes to make a meaningful and impactful change, she needs to get off her grandstand and start targeting the root of problems in a productive and sensible way. She needs to understand that it's not TransDigm's fault that people cannot buy insulin, it's the GOVERNMENT'S fault for not addressing root causes of the problems. Try reading the Federal Acquisition Regulation to being understanding only one root cause of the many problems associated with your rant. All Cortez is doing here is trying to win a popularity contest with her constituents while overlooking the deep rooted issues in the government's own acquisition regulations. Pathetic use of taxpayer dollars that fund her paycheck. Playing stump-the-dummy with a witness testifying in front of your committee is an embarrassing display of your Congressional power. Are you happy now? No, of course not. You feel more emboldened than ever to charge forward with more thoughtless questions in other committee hearings without doing your due diligence to more fully understand all sides of whatever issue you're addressing. This is why you are ineffective!
@@RedondoBeach2 tell me what is her " due diligence ?" You seem disturbed that she pulls no punches. She is doing her job..I see nothing wrong with her questions.
200,000 parts, making that much margin. No wonder retiring politicians go into the defense industry, lol.
That hearing did NOT go how they wanted it to go.
Cortez is incompetent in her approach to questioning. TransDigmn has nothing to do with insulin. They're not responsible for Congress' ineptitude in lowering the cost of drugs. They're not responsible for the government's approach to negotiating the price of a clutch. The government awarded TransDigm the contract to supply clutches because the government (not TransDigm) determined the company's price was fair and reasonable. TransDigm did not make that determination. When the government wants a unique part and the logistics tail to go along with it, but only wants a very limited number of those components, of course it's going to be expensive. Do you think TransDigmn is able to design, test, manufacture, repair and maintain a support structure to continually supply these parts, at no cost? There are massive overhead costs for TransDigm: facilities, manufacturing equipment, labor force, etc. The company is doing the job they were hired to perform. Sorry that it's on a very limited basis, but those were the government's requirements. There's no secret to how much the government pays the contractor. The government negotiated the price! If you have an issue with the cost, why aren't you asking the government's item manager to testify and explain why he/she pays what they pay for the part. They're spending the tax dollars! If Cortez hopes to make a meaningful and impactful change, she needs to get off her grandstand and start targeting the root of problems in a productive and sensible way. She needs to understand that it's not TransDigm's fault that people cannot buy insulin, it's the GOVERNMENT'S fault for not addressing root causes of the problems. Try reading the Federal Acquisition Regulation to being understanding only one root cause of the many problems associated with your rant. All Cortez is doing here is trying to win a popularity contest with her constituents while overlooking the deep rooted issues in the government's own acquisition regulations. Pathetic use of taxpayer dollars that fund her paycheck. Playing stump-the-dummy with a witness testifying in front of your committee is an embarrassing display of your Congressional power. Are you happy now? No, of course not. You feel more emboldened than ever to charge forward with more thoughtless questions in other committee hearings without doing your due diligence to more fully understand all sides of whatever issue you're addressing. This is why you are ineffective!
@@RedondoBeach2 And yet, TransDigm has agreed that they price gouged the government and is reimbursing $16.1M in excess profits.
So tell me again how ineffective AOC was in her line of questioning?
Source: federalnewsnetwork.com/defense-main/2019/05/transdigm-agrees-to-reimburse-pentagon-following-allegations-of-price-gouging/
RedondoBeach2 The article just posted also states that they weren’t being honest with prices. I agree that it’s the governments responsibility to negotiate fairly for the American people, but by exposing the company that was a path towards recouping funds. I’m sure the company didn’t want to lose the contract. I’d like to know who has the final say in purchasing these products and what relationships or kickbacks they have with the vendors. Republicans always say “how are you going to pay for it” when it comes to certain government programs. And ironically it’s the free market and competition which could help trim the fat of our budget - a policy that Republicans always stand behind rather than evil socialism. Yet they ignore their own ideology when it doesn’t suit them.
@@RedondoBeach2 If by conglomeration, you mean that they buy out all of their smaller competitors then sure, it's a conglomeration.
and why do they buy out all their smaller competitors? Why so that when it comes time to bid on necessary parts, they don't have any competition.
there are several articles in the past year that I've highlighted just how inefficient the current bid system is, especially because it allows larger companies with is there a competitors to jack up their prices, which then means that the government has no choice but to pay them because there is no free market in play.
Spare your disdain for AOC, and whatever beef you have with her, and instead point towards the fact that she is the first person to put someone like this on the spot and ask those pointed questions which led to the reimbursement of the excess profits.
And that's not even counting the deceptive business practices that this company I was using. Refusing to turn over cost analysis whenever they could? I have absolutely no idea why you're defending them. But you're shooting the messenger instead of listening to the message, and that's half the problem with this country right now.
This is why I feel gross when I see how much I pay in taxes. I’m ok paying it if it was going to something that made sense, but it doesn’t. This is dumb AF
Honestly, cutting the fat out the damn defense budget, we could do GND, Medicare for all AND free college. I read a story last year where the Pentagon, in a 5-year period ending FY 2016 wasted $125B!!! I believe it was in the Washington Post.
End the war and you will end this problem
I agree. This makes me wonder who's lobbying for the green new deal. 🤔
@@infinitecontent8001 get a job bum 💩, no free college for you 💩
You fix that by voting and protest.
Ask political puppets if they could know how many Universal healthcare countries (Medicare for all Systems) are there in the world… We love you, Rep. Ro Khanna and Rep. Alexandria Ocasio-Cortez … and more patriotic Democrats in Congress always work for public interests…
How many of them went broke while doctors got rich and fired their nursing staff?🤔
“Why should we give you any more money”?
I loved that moment. The poor man, he was nervous as hell to 'try' and answer that one. Ha! AOC is what we need to bring the Dems up to the task of fighting these corrupt and greedy Republicans!
@@janicemetzger6338 💩💩💩💩💩fuck off douche 💩💩💩💩you gotz the smegma and I can smell💩💩💩💩💩you
@@timreichert9982 oh the comment troll using this space for mainly filler.
@@korisx Oh the nutbag here to defend clueless lying communist 💩occasional cotex💩, you know, the one who will never be the president 💩 💩💩💩💩💩💩💩
@@timreichert9982 Didn't take much to trigger you. No wonder you use poo emojis #TrollConstipation
"Why should we give you another dime?" OUCH!! AOC giving them HELL!! Best question I have heard from ANYONE in power for over Twenty years!!!!
@@timreichert9982 Sid you actually have any part of her speech where you had a valid rebutt and felt like you had a point in discussion.
It really does make a change to hear someone asking the questions we have all been asking when watching these things.
We need more Congress people like AOC. It takes courage to stand up too corporate America. God bless AOC
Cortez is incompetent in her approach to questioning. TransDigmn has nothing to do with insulin. They're not responsible for Congress' ineptitude in lowering the cost of drugs. They're not responsible for the government's approach to negotiating the price of a clutch. The government awarded TransDigm the contract to supply clutches because the government (not TransDigm) determined the company's price was fair and reasonable. TransDigm did not make that determination. When the government wants a unique part and the logistics tail to go along with it, but only wants a very limited number of those components, of course it's going to be expensive. Do you think TransDigmn is able to design, test, manufacture, repair and maintain a support structure to continually supply these parts, at no cost? There are massive overhead costs for TransDigm: facilities, manufacturing equipment, labor force, etc. The company is doing the job they were hired to perform. Sorry that it's on a very limited basis, but those were the government's requirements. There's no secret to how much the government pays the contractor. The government negotiated the price! If you have an issue with the cost, why aren't you asking the government's item manager to testify and explain why he/she pays what they pay for the part. They're spending the tax dollars! If Cortez hopes to make a meaningful and impactful change, she needs to get off her grandstand and start targeting the root of problems in a productive and sensible way. She needs to understand that it's not TransDigm's fault that people cannot buy insulin, it's the GOVERNMENT'S fault for not addressing root causes of the problems. Try reading the Federal Acquisition Regulation to being understanding only one root cause of the many problems associated with your rant. All Cortez is doing here is trying to win a popularity contest with her constituents while overlooking the deep rooted issues in the government's own acquisition regulations. Pathetic use of taxpayer dollars that fund her paycheck. Playing stump-the-dummy with a witness testifying in front of your committee is an embarrassing display of your Congressional power. Are you happy now? No, of course not. You feel more emboldened than ever to charge forward with more thoughtless questions in other committee hearings without doing your due diligence to more fully understand all sides of whatever issue you're addressing. This is why you are ineffective!
@@RedondoBeach2 Your statement makes me think you're the incompetent one. If you don't understand simple concepts like drawing parallels for example, comparing the profit margin to how many people can be provided with insulin in that ridiculous mark up, then you need to go back you school and stop watching fox news.
@@korisx She wasn't drawing a parallel, she was drawing a distorted triangle for political gain. Her rant changed nothing. Insulin prices will remain the same. The price of the clutch will remain the same. Okay, so she brought awareness to an issue that people will remember for the brief moment that they watch the video... then they'll forget about it. Have you contacted your representative to let them know how you feel about the government paying what it does for clutches? If you haven't but you intend to, what background information do you have to indicate with certainty that the price is too much? Cortez certainly didn't give you that information. She doesn't know. She just knows that she feels like the price is too high. At the same time, she wants hire wages for the people making the clutches, better healthcare, better working conditions and more time off for maternity leave. She doesn't care to try and understand that even though the government want's to buy a very limited number of very unique clutches only used by the military, that there are costs associated with designing, testing, manufacturing, storing, repairing, and supplying these clutches to the military on a potentially years long basis. Imagine if you owned a business and a customer asked you to design a unique part but only wanted a small number of them but wanted you to also maintain that capability for years, maybe decades. Can you imagine what the costs would be for you to maintain a workforce capable for doing that, the machinery involved, special tooling, the overhead costs of the real estate, the annual taxes, etc? The company is not producing clutches on a large scale. Similarly, the Air Force bought less than 40 B-2 aircraft. Is it any surprise that each one of those aircraft cost more than $2 billion each, back in the 90s when they were produced? Imagine what the cost would be in today's dollars.
@@RedondoBeach2 I'm sure what you're saying is self gratifying, but I don't have time for long winded rants.
@@korisx enjoy your blissful ignorance. I'm sure you'll have time to reply at least once more. Can you resist? You can't, can you.
Can you imagine how much could be done with some more AOCs in Congress???...
Everybody would have NOTHING. and she would Dictate what American's Will and WON'T..... Period. She came from that kind of Shit hole. Her parents Ran to get away And then teach her how to change and Destroy U.S.A.
Cortez is incompetent in her approach to questioning. TransDigmn has nothing to do with insulin. They're not responsible for Congress' ineptitude in lowering the cost of drugs. They're not responsible for the government's approach to negotiating the price of a clutch. The government awarded TransDigm the contract to supply clutches because the government (not TransDigm) determined the company's price was fair and reasonable. TransDigm did not make that determination. When the government wants a unique part and the logistics tail to go along with it, but only wants a very limited number of those components, of course it's going to be expensive. Do you think TransDigmn is able to design, test, manufacture, repair and maintain a support structure to continually supply these parts, at no cost? There are massive overhead costs for TransDigm: facilities, manufacturing equipment, labor force, etc. The company is doing the job they were hired to perform. Sorry that it's on a very limited basis, but those were the government's requirements. There's no secret to how much the government pays the contractor. The government negotiated the price! If you have an issue with the cost, why aren't you asking the government's item manager to testify and explain why he/she pays what they pay for the part. They're spending the tax dollars! If Cortez hopes to make a meaningful and impactful change, she needs to get off her grandstand and start targeting the root of problems in a productive and sensible way. She needs to understand that it's not TransDigm's fault that people cannot buy insulin, it's the GOVERNMENT'S fault for not addressing root causes of the problems. Try reading the Federal Acquisition Regulation to being understanding only one root cause of the many problems associated with your rant. All Cortez is doing here is trying to win a popularity contest with her constituents while overlooking the deep rooted issues in the government's own acquisition regulations. Pathetic use of taxpayer dollars that fund her paycheck. Playing stump-the-dummy with a witness testifying in front of your committee is an embarrassing display of your Congressional power. Are you happy now? No, of course not. You feel more emboldened than ever to charge forward with more thoughtless questions in other committee hearings without doing your due diligence to more fully understand all sides of whatever issue you're addressing. This is why you are ineffective!
@Richard Pierpoint Thanks for your contribution Skippy.
Finally someone in government who knows the true value of a dollar.
She is trying to figure out how to get some money funneled into her personal account. What do you bet , she is a millionaire already, with not quite 6 months in congress !
Scott M and your evidence of that would be?........
@@tracim3080 Why don't you get Jerry Nadler to subpoena her tax records ?
Scott M not necessarily there available on request. Also she doesn’t have a tax record as a senator yet and won’t for year so again where does your assumptions come from?
@@tracim3080 Get her bank records ! Nadler knows how to do it ! Guarantee she has funneled at least a million into her account
The old $800 hammer scam still going on.
Yeah. Just like Obamacare and "Free tuition". You think the prices will come DOWN?.
@@gazinta Do you really think $800 dollars was going to hammers it's creative accounting to pay for things that the government doesn't want us to know they're spending money on
@@gazinta Obamacare or the actual name Affordable Care Act. Was designed to toss the public a bone while still keeping the status quo of keeping america enslaved to a system of debt and insurance. Obama himself took the single payer option out of the ACA. He is a capitalist democrat beholden to his donors and not the people.
Free tuition IS happening all over. Several states have put policies in place for that. Your anger is misplaced. Look at the entire picture and not just what the media wants you to see 👍
@@destinedrebel Quit psychoanalyzing people you don't know. "Obamacare" should be called "Nixoncare". Its regurgitated, spiffed-up policy rejected by the Nixon administration due to the fact Nixon thought it was a bad policy that would fail or lack public support. Turns out, Nixon was right. Manditory auto insurance and seat belt laws were grooming techniques to get us primed up for the shakedown that was coming(looking back). Hindsight is 20/20. As for your comment on MSM being my god? Dead wrong, homie. Do your own homework.
@@destinedrebel as for "free tuition"? Yeah, they're called "grants". You might want to keep up, because grants have been available for a long time.
A Great American Making America Great Again!
#YeahSaidThat
This girl be on it! !😂😂
THAT'S RIGHT!!
Yep, on her way to more failure 💩💩💩💩
Wouldn’t you just like to hear one time one of those guys say wow I never looked at it that Way we need to change this!
Darlene McHugh You won’t hear that because these people are very calculative and intelligent. They simply choose to implement the morally bankrupt plan.
Because they have looked at it that way, and they dont care.
Gooooo girl!!! Clean up American Politic's 🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻Alexandra and Bernie for the next Government.
GET CORPORATE money OUT of politics if you want DEMOCRACY!
Americans know this, but MOST DUCK THE ISSUE at every local, state and/or election!
WHY? WHY?? WHY???
AOC is a star.
I stand with AOC against corruption and in favor of democracy and equality!
One of the issues is the cost allocation rules in government contracts. That fault lies with Congress. They set those parameters.
They did indeed.
Tom, and Congress is bought by whom? This is the point.
R. Forrest Blount - if Corporations set the rules for cost accounting standards, I would agree. However, the cost accounting rules are not established by Companies. They are promulgated by the federal government.
Hi Tom. I did some research. The federal government does set the Cost Accounting Standards which are, of course, needed. The problem is that companies work around the edges and under the reporting limits of those parameters by splitting contracts, etc., so as not to expose their cost manipulations to government scrutiny, which results in absurd corporate profits in some, if not many, cases. This is what AOC specifically mentioned. I am thinking that no matter what the actual parameters set, each will have reporting limits where scrutiny can be avoided attached to it. Am I wrong about this?
R. Forrest Blount - since I did this work for several years as an accountant, I don’t ever recall splitting contracts. In many cases, if not all, the government set the limits on how much profit could be made as a percentage.
The government can audit every aspect of a government contract. They certainly do in large contracts. In smaller contracts, it may not be worth the time. Let’s say some company is awarded a $600,000 government contract. The government won’t necessarily audit it since it’s too small unless they suspect something is not right.
Tome and time again AOC’s staff, the ones who prepare these questions, want to make her look like the “populist” individual she claims. Time and time again, many of these questions are so loaded with hyperbole and factual errors, it’s hard to take them seriously. Unfortunately, that’s the nature of politics. Both sides will present “facts” that are spun to fit their narrative. That’s why I have a difficult time taking it seriously. It’s a circus sideshow.
So is anyone else suddenly amazed at this woman? I just want to hear her speak over and over again. Her style is so flawless and her delivery is impeccable. I have never wanted to listen to anything Congress or the senate had to say. My god I can’t get enough
Suddenly? I've been watching her for almost a year. Shes an incredible example of what Americans deserve from their representatives.
She could use some public speaking lessons (she tends to have run on sentences and trips over her toungue a bit) but that will come with time.
Love her e💜🧡💛💚💙💗
Morons always love other morons.
@@jeffcooper4779 LOL and I bet you are a trump supporter kick rocks
When your pedophile Democrat heros are arrested and sent to GTMO, don't melt down, nappy.
She is amazing
Jeff Cooper you mean like D T and the 13 yr old girl down there in florida? Oh yeah he maybe was a democ then...
Trump supporter loving this woman!
I thought it was brilliant how she tied this not atypical price gouging on just one part to how we could pay for national healthcare. The question is, assuming the government has access to the same information she does, who signs off on this kind stuff?
Not too bright are you? Fuck government healthcare 💩💩💩💩💩
That is interesting😂
I love her
Morons always love other morons...
You can't tell me this isn't Obediah Stain
*i understood that reference*
TONY STARK BUILT THOSE INSULIN VIALS IN A CAVE WITH A BOX OF SCRAPS.
So the point is that if we get rid of these clutch disk then she can pay for socialized medicine for 350 million people. Excellent point AOC and let's get rid of that disk. I love how she can take any topic and turn it into socialised medicine.
Is that a bad thing or a good thing in your opinion?
@@korisx it would probably make Venezuela look like child's play.
@@davidmason4037 Must be good then. America can't keep it's hands off Venezuela.
@@korisx ignorant ass Americans that don't already realize that they have it better than anywhere else on earth listening to this bafoon.
I love her. To all you haters. Someone who just graduated 8 grade can do much better than donald trump. We need people like her in office. I would vote for her to be President!
The transdigm rep makes a good point. The politicians chose to do business with them knowing this was what the cost was going to be. If they were the best offer imagine what the others were.
I had a friend work for this company as an intern and he told me it was so poorly managed. The company at the top owns a bunch of small subsidiaries and they all overcharge each other. That price the government pays is the same amount that one of the subsidiaries would pay if it needed a part from the other. This company is probably the best example of a cluster fuck that I’ve ever seen
Please expose the prices gouges. Now turn that fine tooth comb towards all of the democrat's policies that waste more money in a day than he did ever.
Propoganda. Don't believe the GOP lies.
@tee th - What do you want? Just to let the Government & Corporations screw you, & not have politicians like AOC question the waste? You're such a moron, I pray you're too fat & lazy to vote...
tee th she has been exposing policies that both parties supported. Like this one
tee, she wants to expose all the processes used by both parties. The problem is that both parties are doing the same things to exploit the American public.
OK .. those are outrageous prices,no doubt, now why did you in Congress agree to pay them???
Did you not hear that it was DOD? Congress does not itemeize the DOD purchasing..you need to learn what you are talking about before spouting ignorant nonsense.
These men were shaking in their boots! I LOVE this woman!
yeah. Shaking of fear of the country. Not fear of her. Some people act strong and smart and powerful when there not. Nothing she says in this video is FACTUAL. Everbody knows shes socialist. Shes anti AMERICAN and from a terroristic part of the world
She's a badass!
You got the ass part right.
AOC could truly be a perfect President that’s not corrupt and I would die for her
Until you find out she's a fraud too. Live and learn.
Where’s the proof she’s a fraud unlike 45 he’s actually proven to be a fraud due to failed businesses
Give her time.
You don’t have proof so stop speculation like they do a lot on Fox News
I've been around the block. Life has shown me that given enough time all politicians are fraudulent. She will let you down, you'll see. You'll gain life experience and then you'll see how it is.
AOC for president
SHE IS CORRUPT AND HAS NO ROOM TO CALL ANYONE CORRUPT.......WTF.....
Oh, yes she does! Sorry, how about this way. OH, YES SHE DOES!
Pure grand stander who doesn't really ask people questions!
'Don't like the price? Go shop elsewhere.
That's how it always works.
If you can't find it, then go pound salt.
And can do absolutely NOTHING if they are, in her exalted opinion, NOT.
Remember the 2400 dollar toilet seat?
I used to work for a Transdigm division. I can tell you all that I’m 90% confident Nick Howley lied in this video. He claimed that Transdigm won the contract for those parts in a competitive bid, with what would have been about 6-15 other potential suppliers. In reality what Transdigm probably did was,
1. Purchase the smaller business that was originally awarded the contract to manufacture those parts.
2. Retained the original company name so it isn’t obvious they are corporate owned.
3. Increased the prices on all of the company’s existed production parts by a substantial margin relying on the fact that second sourcing a part is very difficult for their existing customers, taking in some cases several years and astronomical fixed costs to procure and meet the qualification standards for the application.
Having said this, Transdigm also doesn’t pay their employees competitive salaries. When your business strategy is buying out companies and jacking up prices, you don’t need tremendously experienced workers to win new business for you, making the resulting high turnover from under paying employees manageable.
Nick is a giant scumbag to say the least.
She takes on the arrogance of those people..
She got him good!
"Captive market" is now my new favorite term. This beautiful woman will be our President one day soon.
2nd that
That ignorant bitch couldn't win President of a fucking HOA, much less the US. What kind of drugs are you on?
@@jeffcooper4779
Ignorant bitch won in 2016. AOC is 1000 times smarter than him. And 10000 times smarter than you.
Power to Cortez
Sad to have an inexperienced child addressing this issue. I don’t agree with this, but capitalism is at work, the government could go elsewhere. My company worked with government contracts and it was a miserable experience as they TOLD us what they would pay after reviews of our costs. Therefore I might assume the problem lies not with Transdigm but with the government purchasing departments.
AOC is such a bad ass champion for the people. She is a real hero.
Good job 🌹👍✌️👁
Yeah, the clutch disk costs $33 to manufacture, but how much did the manufacturing plant cost to build? How many staff are employed with the income from this product? How much R&D was put into creating and perfecting the part? Is this company more than likely charging more than they should? Yeah probably. Is that against the law? Nope. TransDigm had to have won a bid for this contract. If it's proven that they did so illegally, then burn em at the stake. If not, that's the fault of the government for awarding them the contract.
They can rip you off and overcharge by roughly 300% for a restaurant soft drink like the ones served by a certain proud Latina-American former bartender and waitress.
But where they really nickel and (Trans)Digm you is on those non-vehicular clutch disks!
I would have to pass on those, personally. Unless, of course, my options were a tad limited and I felt I was being held captive somewhere in... I don’t know, maybe... an area with a reportedly high crime rate?
Like a certain Hill at the end of a National Mall in DC, a particular segment of a Pennsylvania Avenue NW in said District, or perhaps even a five-sided stop off the VA-110 appropriately-named Jefferson Davis Highway in Arlington?
Thanks AOC for demonstrating why Non-motivated, non-accountable, bereauacratic buyers should not be in charge of purchasing. All companies will charge the maximum they can sell for. No matter what system you are working in. Including a socialist one.
Base the government's pay on efficiency and accountability and you would see proper management of the the taxpayer's funds and decreased abuse.
Is she the only person that cares about the American people.
Get em AOC
UnBossed & unbought, and yet fools hate her 🤔
Well look here, a Progressive Democrat, ridiculed by so called conservatives, actually advocating for conservative government spending.
Oh I love this chick, beholdened to NO ONE!!!
We should clone this wonderful person!
AOC is the truth. Love her❤ She will make America not great, but EPIC!!!
DarkForce X
Why should we worry about making America epic went according to her the world is going to end in 12 years
Remember, that this is YOUR money that the government is spending. They should be looking after YOUR interests. This isn't a transaction between two private companies. You should care.
You don't think you need to sleep You can verbally sit there and say that it's do you things are then changed back to normal in your county It in there doing because you sit there
We already heard these same questions over and over from republicans and democrats for years . blah blah blah same story no fixes
Love this.
The DoD chose to buy the widget and most likely overpaid...oh and she thinks cauliflower is racist and is afraid of the garbage disposal....
Steve, huh?
@@r.forrestblount9222 you never saw the video of her being afraid of the garbage disposal? It's funny
@@stevewodell6183 , never have and, if it does exist (and I believe you that it does), I doubt if it would sway my high opinion of her positive impact on the national conversations we are now having and her character as an elected representative. Steve, you have to be able to separate the wheat from the chaff.
How long did it take R&D the item ..and people do spend a $1000 on Jeans and your outfit AOC costs how much to make and how much was it to buy ..and how much was the person who made it payed per day
Has anyone ever examined, or questioned her sanity??? Has she EVER gone into an exclusive, High End clothing clothing store and paid $$$$$$$$ for her 'working clothes? (Remember, to her those $1,000 bonuses to ordinary working families were "crumbs" ! ) Did she question how much research went into the development and production of those high end clothes? Does she really care, if she likes the way they fit and look.
IF SHE is really interested in pricing of new and exclusive items, she should visit, and analyze why some women, many in politics, pay thousands of $$$$$$$ dollars for new, glamorous gowns, to be worn once, when many stores we ordinary people shop in stores thst sell similar dresses for much less!
WHY.? Why do they go only to exclusive designers and pay $$$$$$$$$ for clothes they would look just as good in?? BECAUSE THEY FIT THEIR NEEDS!
Does she know how much research went into why making those parts , that do the job better than others, cost more.???? She is becoming a single minded idiot! Sad.
Pat Garrett BINGO !!! We have a thinking person ..unlike AOC
Why does the government pay these exorbitant prices ...The Government is the biggest contract these people have , and they don’t know how to negotiate on the price 🙈🙈🙈 just pay it , it’s only taxpayers money 🙈🙈🙈
This would make you think ( somebody ) is getting backhanders out of this .
Wake up people!!!!
Wait, let me see if I got this straight. The US GOVERNMENT paid $1,443 for an item that costs $32 to produce? This sounds more like a problem with the US GOVERNMENT than a problem with TransDign. This is what happens when people in government make decisions on how to spend our tax dollars and are not beholden to a bottom line, or required to make a profit.
Take me for example. I am an inner city teacher. I sometimes need my students to have a folder. If I buy them through our school approved vendor list, it costs $1 each and that is $150. BUT, if I just go and buy them myself, I can get them for $.10 each and it costs ME only $15. Who is at fault here? The company that is obviously charging too much? Or the institution willing to be so stupid that they are willing to be fleeced? The company may be acting reprehensibly, but the government is acting stupidly. It takes two to tango.
I know EXACTLY how this stuff occurs. Its some mid-level person working in government. They have a budget and they have to spend it. They want to go home and see their kids. Of course they could shop around and get the best deal, but they have to spend that budget anyways, and the longer they spend looking the less time they have with their family. They just want to go home. Plus, its not THEIR money they are spending. AND, probably in order to even have the right to buy from another source that is NOT on their approved vendor list, they would have to go to their bosses bosses boss and tell them how stupid they are for having an “approved vendors list” in the first place. I can already tell you how that is going to work out.
This is not just a tale of a reprehensible company, this is a tale of the inherent problem with big governemnt.
Can you train in police officers angry Don't walk in front of me that way And now you want me to sit here and say you're intelligent there's a little bit a little bit for him no You're not looking for drugs That officer
perhaps this is a good demonstration of why it would be a bad idea to employ government run single-payer. The government also is a monopoly, although a different kind. but if the government is incompetent enough to pay 4,000 percent more than cost, why would we want them to take control of heath care. I do applaud AOC for exposing the orruption, and I hope she keeps up with it.
i love this woman. she is a diamond in the rough. it's a shame she isn't old enough to run for president, she'd win in a landslide. and mr fahey, thank you for your public service.
LOL!
Total crook to the core
“There is significan collusion in these markets… A perfectly competitive market requires a large amount of competitors.” Sounds like she is making an excellent case for a free market economy and pointint out the problems with a market where the means of production is controlled by a single company… or government. Agree, agree, agree. Go AOC!
Fucking LOVE her!
AOC whenever she hears bullshit "mmm hmm...mmm hmm" 🤣
500 dollar toilet seats. Same as in the 80s.
One more step to greatness
What about Phizer or Monsanto?
Give it time. Can't bring everyone up to Congress in a single day.
I'm not saying the part is not overpriced, but does she know what it cost in research and development to invent the part. Look at the cost of a coffee bean and then tell me why a cop of coffee at Starbucks costs 6.00 bucks. She is not a brain sturgeon !!!!!!
“If I blew it up any larger, it wouldn’t be to scale because it’s only 3 inches.“ Am I the only one who hears this?
Oh, so NOW AOC knows about comparison shopping? Who's the tech giant lobbying for the green new deal?
*crickets*
Good job AOC. Bit of grandstanding. Then asking them for a solution??? Why would you ask the supplier for the solution. YOU DO IT.
Yeah well , kotex is getting paid (175,000) too much, period..... $$$$$ 💰💰💰💰💰
Big pad...
That's businesses.. nothing is free. Why doesn't she make these things if it's so easy?
Congress let the people know how “hard your working,” what bill your trying to pass since when news papers, the news social media, so the people KNOW WHO BLOCKING THEM, Mitch McConnell, go to your districts and talk to you constituents, find out what’s their concerns, ideas, needs
She got a little grandstand-y (as a supporter, I love it! But as a neutral observer maybe we didnt need the bit about a captive market), but I love that she computes the number of insulin doses.
AOC 2024!!!!
“If I blew it up much larger, it wouldn’t even be to scale…” Words are coming out of her mouth, and words do have meaning, but I’m not sure if she is aware that there is a connection between the two.
.
Shipping. Lol. Been going on for years. Clean it up.
How many companies make insocilne? Btw, she could have sent "18 toddlers to free preschool"? Wtf? If it's free then it's free.
@Richard Pierpoint because in order to communicate with the stoopets you have to speak and type stoopets. Just replying.
What we are looking at here is the Federal Gov't has specific Federal Personnel that are responsible for a looking around and checking out specific manufacturers listed prices from pens/pencils to plants, carpet to flooring and jet engines to underware. Now of course a lot of these companies KNOW who these buyers are by name...and do they love to give away all sorts of goodies in order to secure those government contracts....THY SURE AS HELL DO INDEED. Just check out that government Buyer...then fire his/her A$$.
These women of the House , are akin to a new wife taking over the check book. About f-ing time.
Women go where men fear to tread .
Is this Candice Owens ?
She is so naively and arrogantly ignorant.
You would all do the same thing
I have please dinner's all over this And I just wanted to be aware Had to write a 2 week notice to the landlord and now you're sitting here I'm pioneer press all over saying that they're trying to have everything written when I read that I
Engineering has a cost.
Does she has a degree in economics?
How did she get it?
With her salary she could send kids to college. Why should we give her another dime?
Alexa Aa
Considering she is a bumbling idiot, she is a pawn of the democratic part.
How is that green new deal going?
Wait, NO ONE voted for it.
That’s ok, it was just a dry, sarcastic joke. After she was laughed at and fact checked.
@Richard Pierpoint
She’s garbage.
“A free market REQUIRES a large number of competitors.” I agree. When one company holds a monopoly over an item, they can price gouge. When there are only a couple of competitors, they can “colude” as AOC puts it. Agree, agree, agree. This is why you have to have a free market economy, WITH competition. There is an inherent problem in 1 institution controlling the means of production. She nailed it by making a great arguement FOR capitalism and free markets. Not a great day for economic socialism though.
AOC thinks she is a engineer..... LMAO
Jon sto what?
I saw Over AOC’s head because she’s not that Tall! “over site commitment”