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Although Ocasio-Cortez minored in economics, she doesn't seem to understand simple concepts such as unemployment rates. In a recent interview[1], in response to
by chroma 8y ago
Although Ocasio-Cortez minored in economics, she doesn't seem to understand simple concepts such as unemployment rates. In a recent interview[1], in response to a question about how low unemployment rates undermine her message of the working class falling behind, she said the following:
> I think the numbers you just talked about is part of the problem. Because we look at these figures and say, "Unemployment is low. Everything is fine." Well unemployment is low because everyone has two jobs. Unemployment is low because people are working 60, 70, 80 hours a week and can barely feed their kids.
This was so incorrect that Politifact rated it "pants on fire".[2]
AOC also doesn't seem to have an understanding of basic historical facts. Immediately after she put her foot in her mouth on labor stats, she said:
> Right now we have this no-holds-barred wild west hypercapitalism. What that means is profit at any cost. Capitalism has not always existed in the world and it will not always exist in the world. When this country started, we were not capitalist. We did not operate on a capitalist economy.
That is not the sort of mind that I want tinkering with the economy I am part of.
1. Starting around 5:45 in this video: https://www.pbs.org/video/alexandria-ocasio-cortez-barhhq/ https://www.pbs.org/video/alexandria-ocasio-cortez-barhhq/
2. https://www.politifact.com/truth-o-meter/statements/2018/jul/18/alexandria-ocasio-cortez/alexandria-ocasio-cortez-wrong-several-counts-abou/ https://www.politifact.com/truth-o-meter/statements/2018/jul...