Tuesday, August 21, 2018

Ocasio-Cortez, the all-wise queen of the economic world

Daily Wire  "On his industry-leading talk radio show Monday, Rush Limbaugh discussed the young Democratic candidate who's become the face and voice of the Democratic Socialist wing of the party, Alexandria Ocasio-Cortez, and her instantly viral appearance on "The Daily Show" with Trevor Noah.
" 'The really important thing about this to understand is this woman has a degree in economics from Boston University," said Limbaugh before playing the clip of her "Daily Show" interview. "Alexandria Ocasio-Cortez is a graduate from Boston U, she has a degree in economics, and it’s clear she doesn’t know anything. If this level, this degree of complete economic ignorance can get you a degree in economics from a major American university, then something is drastically, terribly wrong."
"He then played Ocasio-Cortez's explanation for how she proposes we pay for the "Medicare for all" and "free college for all" and "guaranteed" living wage for all that she is promoting. Here's her response:
OCASIO-CORTEZ: This is an excellent, excellent question — and, in fact, there’s a lot of back-of-the-envelope stuff based on our values. So, for example, I sat down, ummm, with a Nobel Prize economist last week. I can’t believe I can say that! It’s really weird. But one of the things that we saw is, if people pay their fair shore — share. If corporations and the ultrawealthy… For example, as Warren Buffett likes to say, if he paid as much as his secretary paid, 15%… If he paid a 15% tax rate, if, uh, corporations paid… If, uh, we reverse the tax bill but raise our — our corporate tax rate to 28%, which is not even as high as it was before. Um, if we… If we do those two things and also close some of those loopholes, that’s $2 trillion right there.
"Somehow managing to contain himself for that long, Limbaugh finally weighed in." . . .
Then offered his  "line-by-line rebuttal". Then this follow-up:
Rush Mocks CNN's Response To Him Mocking Ocasio-Cortez
This woman represents a bunch of people who do not like America the way it is and they want to transform it into something it was never founded to be. That’s why we can’t debate them. We’re not even on the same field, folks."
Ocasio-Cortez Visits Former Employer, They Just Went Out Of Business Because Of Policies She Supports
. . . "Ocasio-Cortez’s former employer, The Coffee Shop in Union Square, has shut down after a 28-year run due to high rent and an ever-increasing minimum wage — a policy that Ocasio-Cortez strongly supports." . . .

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