AOC On Economics

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“Squad” member Rep. Alexandria Ocasio-Cortez (D-NY) (AOC) is under fire for claiming the American Revolution was all about fighting against “billionaires.”  The Boston University grad (yes, her degree was in economics), said, “The American Revolution was against the billionaires of their time, and we are declaring independence from such an extreme marriage of wealth and the state.”

AOC’s speech was given at the University of Chicago’s Institute of Politics.

AOC displayed her absolute cluelessness in making a statement like this.  George Washington and five or six other founding fathers were among the wealthiest in the colonies at the time of the American revolution.  Many of them gave substantial money to support the cause.

The blowback was impressive.  Senator Mike Lee:

“No, AOC, the American Revolution was NOT ‘against the billionaires of their time.  It was against a large, distant, overly intrusive government that recognized no limits over its own authority to tax, regulate, and eat out the substance of the citizens it claimed to serve.”

Senator Ted Cruz eviscerated AOC.

‘𝘈𝘖𝘊 𝘢𝘭𝘴𝘰 𝘴𝘢𝘪𝘥 𝘪𝘵 𝘪𝘴 𝘪𝘮𝘱𝘰𝘴𝘴𝘪𝘣𝘭𝘦 𝘧𝘰𝘳 𝘢𝘯𝘺𝘰𝘯𝘦 𝘵𝘰 𝘦𝘢𝘳𝘯 𝘢 𝘣𝘪𝘭𝘭𝘪𝘰𝘯 𝘥𝘰𝘭𝘭𝘢𝘳𝘴. 𝘞𝘩𝘪𝘤𝘩, 𝘭𝘰𝘰𝘬, 𝘐 𝘳𝘦𝘤𝘰𝘨𝘯𝘪𝘻𝘦 𝘧𝘰𝘳 𝘩𝘦𝘳, 𝘨𝘪𝘷𝘦𝘯 𝘵𝘩𝘢𝘵 𝘴𝘩𝘦 𝘸𝘢𝘴 𝘢𝘣𝘢𝘳𝘵𝘦𝘯𝘥𝘦𝘳, 𝘵𝘩𝘢𝘵 𝘪𝘴 𝘱𝘳𝘰𝘣𝘢𝘣𝘭𝘺 𝘵𝘳𝘶𝘦. 𝘕𝘰 𝘥𝘪𝘴𝘳𝘦𝘴𝘱𝘦𝘤𝘵 𝘵𝘰 𝘣𝘢𝘳𝘵𝘦𝘯𝘥𝘦𝘳𝘴. 𝘉𝘢𝘳𝘵𝘦𝘯𝘥𝘦𝘳𝘴 𝘢𝘳𝘦 𝘢𝘯 𝘩𝘰𝘯𝘰𝘳𝘢𝘣𝘭𝘦 𝘱𝘳𝘰𝘧𝘦𝘴𝘴𝘪𝘰𝘯. 𝘉𝘶𝘵 𝘴𝘩𝘦 𝘸𝘦𝘯𝘵 𝘧𝘳𝘰𝘮𝘵𝘩𝘢𝘵 𝘵𝘰 𝘣𝘦𝘪𝘯𝘨 𝘢 𝘨𝘰𝘷𝘦𝘳𝘯𝘮𝘦𝘯𝘵 𝘦𝘮𝘱𝘭𝘰𝘺𝘦𝘦 𝘢𝘯𝘥 𝘢 𝘱𝘢𝘳𝘢𝘴𝘪𝘵𝘦 𝘴𝘶𝘤𝘬𝘪𝘯𝘨 𝘰𝘯 𝘵𝘩𝘦 𝘵𝘢𝘹𝘱𝘢𝘺𝘦𝘳.”

‘𝘛𝘩𝘪𝘯𝘬 𝘰𝘧 𝘏𝘦𝘯𝘳𝘺 𝘍𝘰𝘳𝘥, 𝘸𝘩𝘰 𝘪𝘯𝘷𝘦𝘯𝘵𝘦𝘥 𝘵𝘩𝘦 𝘔𝘰𝘥𝘦𝘭 𝘛, 𝘪𝘯𝘷𝘦𝘯𝘵𝘦𝘥 𝘵𝘩𝘦 𝘢𝘴𝘴𝘦𝘮𝘣𝘭𝘺 𝘭𝘪𝘯𝘦, 𝘣𝘢𝘴𝘪𝘤𝘢𝘭𝘭𝘺 𝘤𝘳𝘦𝘢𝘵𝘦𝘥 𝘵𝘩𝘦 𝘈𝘮𝘦𝘳𝘪𝘤𝘢𝘯 𝘮𝘪𝘥𝘥𝘭𝘦 𝘤𝘭𝘢𝘴𝘴.𝘠𝘰𝘶 𝘥𝘰 𝘯𝘰𝘵 𝘵𝘩𝘪𝘯𝘬 𝘵𝘩𝘢𝘵 𝘱𝘳𝘰𝘥𝘶𝘤𝘦𝘥 𝘣𝘪𝘭𝘭𝘪𝘰𝘯𝘴 𝘰𝘧 𝘥𝘰𝘭𝘭𝘢𝘳𝘴? 𝘓𝘰𝘰𝘬 𝘢𝘵 𝘌𝘭𝘰𝘯 𝘔𝘶𝘴𝘬 𝘮𝘢𝘬𝘪𝘯𝘨 𝘦𝘭𝘦𝘤𝘵𝘳𝘪𝘤 𝘤𝘢𝘳𝘴, 𝘮𝘢𝘬𝘪𝘯𝘨 𝘴𝘦𝘭𝘧-𝘥𝘳𝘪𝘷𝘪𝘯𝘨 𝘤𝘢𝘳𝘴,𝘴𝘦𝘯𝘥𝘪𝘯𝘨 𝘳𝘰𝘤𝘬𝘦𝘵 𝘴𝘩𝘪𝘱𝘴 𝘵𝘰 𝘵𝘩𝘦 𝘮𝘰𝘰𝘯. 𝘏𝘦 𝘪𝘴 𝘨𝘰𝘪𝘯𝘨 𝘵𝘰 𝘣𝘦 𝘴𝘦𝘯𝘥𝘪𝘯𝘨 𝘳𝘰𝘤𝘬𝘦𝘵 𝘴𝘩𝘪𝘱𝘴 𝘵𝘰 𝘔𝘢𝘳𝘴.”

‘𝘈𝘯𝘥 𝘺𝘦𝘵 𝘵𝘩𝘦𝘴𝘦 𝘭𝘦𝘧𝘵-𝘸𝘪𝘯𝘨 𝘻𝘦𝘢𝘭𝘰𝘵𝘴 𝘴𝘢𝘺, 𝘪𝘧 𝘺𝘰𝘶 𝘢𝘳𝘦 𝘴𝘶𝘤𝘤𝘦𝘴𝘴𝘧𝘶𝘭, 𝘪𝘧 𝘺𝘰𝘶 𝘢𝘳𝘦 𝘱𝘳𝘰𝘥𝘶𝘤𝘪𝘯𝘨, 𝘪𝘧 𝘺𝘰𝘶 𝘢𝘳𝘦 𝘤𝘳𝘦𝘢𝘵𝘪𝘷𝘦, 𝘺𝘰𝘶 𝘢𝘳𝘦 𝘣𝘢𝘥. 𝘞𝘦 𝘸𝘢𝘯𝘵𝘵𝘰 𝘵𝘢𝘬𝘦 𝘦𝘷𝘦𝘳𝘺𝘵𝘩𝘪𝘯𝘨 𝘧𝘳𝘰𝘮 𝘺𝘰𝘶. 𝘞𝘦 𝘸𝘢𝘯𝘵 𝘵𝘰 𝘱𝘶𝘵 𝘢 𝘣𝘶𝘯𝘤𝘩 𝘰𝘧 𝘞𝘢𝘴𝘩𝘪𝘯𝘨𝘵𝘰𝘯 𝘱𝘰𝘭𝘪𝘵𝘪𝘤𝘪𝘢𝘯𝘴 𝘪𝘯 𝘤𝘩𝘢𝘳𝘨𝘦 𝘰𝘧 𝘺𝘰𝘶𝘳 𝘭𝘪𝘧𝘦.”

MA Rothman noted:

The numbers Cruz did not say out loud but did not need to. AOC has spent 𝐬𝐞𝐯𝐞𝐧 𝐲𝐞𝐚𝐫𝐬 𝐢𝐧 𝐂𝐨𝐧𝐠𝐫𝐞𝐬𝐬 𝐨𝐧 𝐚 $𝟏𝟕𝟒,𝟎𝟎𝟎𝐟𝐞𝐝𝐞𝐫𝐚𝐥 𝐬𝐚𝐥𝐚𝐫𝐲 she did not earn from any productive enterprise, while writing tax legislation against the 𝐅𝐨𝐫𝐝, 𝐌𝐮𝐬𝐤,𝐁𝐞𝐳𝐨𝐬, 𝐚𝐧𝐝 𝐉𝐨𝐛𝐬 𝐜𝐥𝐚𝐬𝐬 𝐨𝐟 𝐛𝐮𝐢𝐥𝐝𝐞𝐫𝐬 whose tax revenue funds her paycheck.

Her compatriot-in -arms standing behind her, Sen. Bernie Sanders, used to rail against millionaires.  Then someone pointed out that he was a millionaire and he changed his verbiage to billionaires.  These people are clueless hypocrites.

AOC has no concept of how economics actually works.  It must be a zero sum game to her where because one person has a lot of wealth that somehow this was taken from other people.  If you make something that people want to buy and you sell it at a lower cost than others, people will beat a path to your door.

Steve Jobs made his first 200 Apple computers by hand.  His vision of what people wanted enabled him to become fabulously wealthy.  Henry Ford was the same way.  Ford streamlined and modernized making cars so that they became affordable for many people.  And let’s not even talk about Elon Musk.

This speech and others that AOC has given recently in her attempt to begin a run for the Presidency, continue to fuel rumors about her degree from Boston University.  According to the most recent version, if you drive through Boston with your window down, BU will toss an economics degree into your car.  That is absolutely not true.  You have to stop the car first. (sarc)

Let it be noted that fools in important positions are dangerous, particularly in government positions. In a capitalist endeavor, incompetence is weeded out. In government, it digs in like a tick.

As Sen. Kennedy (R-LA) noted, “You are probably not the dumbest person alive, but you better hope the dumbest one does not die.”

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