Anonymous wrote:Anonymous wrote:
TIL the literal State Senate Pro Temp is a "background" actor. Not the brightest bulb on the tree, are we?
Reputations are hard to earn and easy to lose. This person who is not a statewide elected official is responsible for doing serious damage to the state of Virginia’s reputation. Anyone thinking of doing business with the state going forward is going to factor that into their decision making and ultimately their costs. And for what? She’s got attention for all of 10 minutes and is now forgotten. A non-entity that used up all of whatever power she had on this one thing.
Anonymous wrote:
The market disagrees. The killing of the deal introduces policy uncertainty risks for investors in VA which will play out in many different ways. It may mean that future investors will demand higher returns before investing in VA to account for this risk, as well as potentially also increase borrowing costs for the state as investors need to price in this policy uncertainty risk.
Basically, it’s the state of VA’s first step towards becoming like Maryland, unless the state does something unambiguous to re-establish its reputation. So congratulations. I hope the likes and retweets were worth it.
Anonymous wrote:Anonymous wrote:
TIL the literal State Senate Pro Temp is a "background" actor. Not the brightest bulb on the tree, are we?
Reputations are hard to earn and easy to lose. This person who is not a statewide elected official is responsible for doing serious damage to the state of Virginia’s reputation. Anyone thinking of doing business with the state going forward is going to factor that into their decision making and ultimately their costs. And for what? She’s got attention for all of 10 minutes and is now forgotten. A non-entity that used up all of whatever power she had on this one thing.
Anonymous wrote:
TIL the literal State Senate Pro Temp is a "background" actor. Not the brightest bulb on the tree, are we?
Anonymous wrote:Anonymous wrote:
That’s not how it works. Sorry.
Actually it is. DC won because they have no problem giving hundreds of millions to stadiums even though every economist not on a team's payroll agree the value is dubious at best.
Anonymous wrote:
That’s not how it works. Sorry.