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Ocasio-Cortez: Unemployment Is Low 'Because Everyone Has Two Jobs Which Is Not How Unemployment Rates Work Rate Topic: -----

#1 User is offline   MTP Reggie 

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Posted 18 July 2018 - 02:44 PM

Alexandria Ocasio-Cortez Says Unemployment Is Low 'Because Everyone Has Two Jobs,' Which Is Not How Unemployment Rates Work
"Capitalism has not always existed in the world and it will not always exist in the world."
Robby Soave|Jul. 17, 2018 12:20 pm

<More proggy Dumbassery Here>

Alexandria Ocasio-Cortex was roundly criticized on social media yesterday for supposedly botching a question about Israeli-Palestine relations during an interview with Firing Line's Margaret Hoover. But Ocasio-Cortez's admission that she was "no expert on geopolitics" was much more satisfactory than her answer to a question about the unemployment rate, which she claimed was low merely "because everyone has two jobs."

This is wrong for two reasons. First, people working multiple jobs has no distorting effect on the unemployment rate, which is calculated by taking the number of unemployed people and dividing it by the number of people in the labor force. The raw number of jobs being worked by Americans has no bearing on these numbers.

Second, everyone does not have two jobs. As Bloomberg View's Noah Smith points out, only about 5 percent of workers are moonlighting. This rate has actually dropped slightly over the last three decades.

Ocasio-Cortez continued: "Unemployment is low because people are working 60, 70, 80 hours a week, and can barely feed their kids." Again, the number of overtime hours Americans are working has no impact on the unemployment rate.

Ocasio-Cortez blames profit-seeking "no-holds-barred capitalism" for the conditions in which people struggle to feed their kids. Hunger and poverty are indeed problems faced by millions of Americansó14 percent of U.S. households experience food insecurity. Under capitalism, though, world poverty has declined precipitously. Over the past few decades, the economic growth that global trade has brought to developing economies has helped lift a billion people out of poverty. Between 2001 and 2011, some 700 million people exited from extreme poverty worldwide.

(snip)

<More proggy Dumbassery Here>

This post has been edited by MTP Reggie: 18 July 2018 - 02:52 PM

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#2 User is offline   MTP Reggie 

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Posted 18 July 2018 - 02:53 PM

:lol3:

proggies/democrats/leftists really ARE this stupid.
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#3 User is offline   corporal_little 

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Posted 18 July 2018 - 03:01 PM

You canít make this stuff up.
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#4 User is offline   MTP Reggie 

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Posted 18 July 2018 - 03:03 PM

View PostMTP Reggie, on 18 July 2018 - 02:44 PM, said:

Alexandria Ocasio-Cortez Says Unemployment Is Low 'Because Everyone Has Two Jobs,' Which Is Not How Unemployment Rates Work


Keep talking dumbass. The "Big Blue Wave" just keeps fading into oblivion.
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#5 User is online   SARGE 

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Posted 18 July 2018 - 03:09 PM

But, but, Asshatandria Octopus-Kotex has an Economics degree from Boston College.

She's an Economics expert.


:rofl: :rofl: :rofl:

This post has been edited by SARGE: 18 July 2018 - 03:10 PM

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#6 User is offline   MTP Reggie 

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Posted 18 July 2018 - 03:24 PM

View PostMTP Reggie, on 18 July 2018 - 03:03 PM, said:

Keep talking dumbass. The "Big Blue Wave" just keeps fading into oblivion.


I thought more about my comment. She's a dumbass speaking to dumbasses. I'm pretty sure all the idiot proggies who vote for her (or wish they could vote for her) are nodding their heads in agreement.
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#7 User is offline   MontyPython 

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Posted 18 July 2018 - 05:59 PM

This quote deserves comment too:

Quote

Ocasio-Cortez blames profit-seeking "no-holds-barred capitalism" for the conditions in which people struggle to feed their kids.


I'd be curious to know where "no-holds-barred capitalism" exists. It sure as hell ain't here in America.

B)
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#8 User is offline   erp 

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Posted 18 July 2018 - 06:05 PM

If only the GOP would stepmin and support her opponent. They could win this one if they organize an effort.
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#9 User is online   SARGE 

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Posted 18 July 2018 - 06:25 PM

View Posterp, on 18 July 2018 - 06:05 PM, said:

If only the GOP would stepmin and support her opponent. They could win this one if they organize an effort.



No, they wouldn't.

This is part of the Democrat plantation. There will be no slave rebellion here.
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#10 User is offline   Hieronymous 

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Posted 18 July 2018 - 07:50 PM

If everybody had two jobs, shouldn't unemployment be like negative 100% or something? Answers to questions like that can probably be found in a bong.
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#11 User is online   LeansToTheRight 

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Posted 18 July 2018 - 08:10 PM

I canít believe she has an economics degree from BU. She is beyond dumb. Iím guessing now that BU gave her the degree because she is Latina.
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#12 User is offline   Howsithangin 

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Posted 18 July 2018 - 08:11 PM

View PostMTP Reggie, on 18 July 2018 - 03:24 PM, said:

I thought more about my comment. She's a dumbass speaking to dumbasses. I'm pretty sure all the idiot proggies who vote for her (or wish they could vote for her) are nodding their heads in agreement.


I'd bet on it

View PostLeansToTheRight, on 18 July 2018 - 08:10 PM, said:

I canít believe she has an economics degree from BU. She is beyond dumb. Iím guessing now that BU gave her the degree because she is Latina.

But was she a Wise LatinaTM?
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#13 User is offline   Natural Selection 

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Posted 18 July 2018 - 11:58 PM

View PostMTP Reggie, on 18 July 2018 - 02:44 PM, said:

Alexandria Ocasio-Cortez Says Unemployment Is Low 'Because Everyone Has Two Jobs,'


Everyone this waitress knows has two jobs because their job skills can be learned in five minutes and aren't even worth minimum wage.
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#14 User is offline   Natural Selection 

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Posted 19 July 2018 - 12:06 AM

View PostMTP Reggie, on 18 July 2018 - 02:53 PM, said:

:lol3:

proggies/democrats/leftists really ARE this stupid.


And they claim Trump supporters are knuckle dragging hillbillies. :lol:

THIS knuckle dragging hillbilly didn't blow $300,000 on an economics degree that obviously isn't worth the paper it was printed on.
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#15 User is offline   Diamond369 

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Posted 19 July 2018 - 10:16 AM

This politician makes David Hogg looks more articulate, more intelligent, and more credible.

This post has been edited by Diamond369: 19 July 2018 - 10:17 AM

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#16 User is offline   AnnieGotHerGun 

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Posted 19 July 2018 - 04:45 PM

View PostLeansToTheRight, on 18 July 2018 - 08:10 PM, said:

I canít believe she has an economics degree from BU. She is beyond dumb. Iím guessing now that BU gave her the degree because she is Latina.

I was reading yesterday that she spent more time being an activist than on her actual studies. So, maybe she passed all her classes, but how much did she really learn?
I say we just sit back while she runs her pie hole and destroys herself.
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#17 User is offline   grimreefer 

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Posted 21 July 2018 - 01:24 AM

Even Politifact couldn't cover for this one:

Politifact Torches Ocasio-Cortez For Lying
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