Boston University’s Fake-O-Nomics Darling

Opinion

Ocasio-Cortez
Ocasio-Cortez : Boston University's Fake-O-Nomics Darling

USA – -(Ammoland.com)- It costs a pretty penny to earn a diploma in stupid.

The annual list price to attend Boston University — including tuition, fees, room, and board — currently rounds out to $70,000. To acquire a degree in economics from this tony institution of higher learning, an undergrad must complete courses in calculus, microeconomic and macroeconomic analysis, empirical economics, statistics and assorted electives.

Four years, 52 credits and nearly $300,000 later, the school promises that BU economics majors will depart “with a firm understanding of core microeconomic and macroeconomic theory” and the “empirical skills that are essential to applying economic reasoning in our increasingly data-driven world.”

How, then, to explain the abject economic illiteracy of meteoric media darling and democratic socialist “political rock star” Alexandria Ocasio-Cortez?

The 28-year-old BU alumna graduated with an economics and international relations degree in 2011. She calls herself a “nerd” and bragged about her academic credentials, tweeting earlier this month:

“How many other House Democrats have a degree in Economics like I do? Trying to find who out here is going to be in the Gini Coefficient Appreciation Squad.”

The upstart New York congressional candidate has been hailed by pundits, newspapers and pols as “sharp,” “smart” and “extraordinary.” BU's Associate Provost and Dean of Students Kenneth Elmore gushed that Ocasio-Cortez is “brilliant — she is boldly curious and always present. She makes me think and could always see multiple sides of any issue. … I can't wait to see what happens when her time truly comes.”

But when the time came to put her BU economics education to work, Ocasio-Cortez flunked. On PBS last week, she asserted that “unemployment is low because everyone has two jobs.” Moreover, the erudite B.A. holder in economics posited, “unemployment is low because people are working 60, 70, 80 hours a week and can barely feed their kids.”

Egad. This nonsense needs more unpacking than a cross-country Mayflower moving truck.

The unemployment rate, which stands at a historically low 4 percent, is calculated by extrapolating and dividing the number of people out of work by the total number of individuals in the American workforce.

If you have one job, two jobs, three jobs or more, you don't count as unemployed. Whether you are working 40 hours or 80 hours or 120 hours a week, if you're working, that has no effect on the unemployment rate, either. The number of workers moonlighting and the number of hours they moonlight have zero, zip and nada effect on the unemployment rate.

Ocasio-Cortez's claim that “everyone has two jobs” is more fake-o-nomics.

The Bureau of Labor Statistics reports that the number of Americans holding down multiple jobs is less than 5 percent and has been declining for nearly 30 years. Pew Research adds that both “in terms of raw numbers and as a share of all employed people, fewer Americans are working more than one job than in the mid-1990s.”

As for starving children, government statistics show that hunger has dropped to its lowest levels in a decade as unemployment and food inflation have declined. Federal food stamp usage has also plunged to historic lows.

Instead of hitting the books, Ocasio-Cortez appears to have spent most of her college days pounding the social justice pavement. The Boston Globe reports approvingly that she “was active at BU in organizations that empower minorities,” including a stint as president of Alianza Latina, BU's largest Latin American student organization, and as a student ambassador at the Howard Thurman Center for Common Ground, “which aims to foster inclusiveness among students of all backgrounds.”

Ms. Diversity-ConArtista may be able to blow hot air about Gini coefficients while tweeting anti-capitalist platitudes. But the numbers don't lie. She's everything that's wrong with overpriced liberal ivory towers, radical identity politics and left-wing media ideologues pining for their next savior.


Michelle Malkin
Michelle Malkin

About: Michelle Malkin
Michelle Malkin is the host of “Michelle Malkin Investigates” on CRTV.com. As well as the author of “Culture of Corruption: Obama and his Team of Tax Cheats, Crooks and Cronies” & “Unhinged: Exposing Liberals Gone Wild“. Her email address is [email protected]

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    Wild BillL.L. SmithButchdava golinowilly d Recent comment authors
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    L.L. Smith
    Guest
    L.L. Smith

    My formula for handling finances:
    If your out go
    exceeds your income
    your upkeep
    will be your downfall.

    Butch
    Guest
    Butch

    heard some idiot broad caster talking about her running for pres. in 2020 . has the age been changed use to be 35 yrs old ?

    dava golino
    Guest
    dava golino

    civil war on a global scale to end these so called socialists. they need to be expunged. if we leave Rats in the beard box, they poop on everything, they eat everything and keep breeding. time to exterminate the rats. start in Brussels.

    willy d
    Guest
    willy d

    Dave W you are right there, you were using the NEW MODERN MATH, Obama used it and the Demo-rats use to great success!!!!!

    tomcat
    Guest
    tomcat

    When she won the primary she looked like a dog chasing a car, once she caught it didn’t know what to do with it. Yea, I think I will send all of my grandchildren to BU so they can come out of a prestigious u and wait tables or tend bar. I would not doubt it if she won the election because she promised free for everything and the do nothings of N.Y. said you go girl.

    Victoryman
    Guest
    Victoryman

    It is time to question the “Edjaykayshun” doled out at our pillars of higher learning. This article should be a warning to all employers on the non-value of a piece of paper from a “Kawledje.” …….if it was round and came in rolls…….. Worse yet, watched our Congressmen questioning the head of the FED on matters economic. Talk about abject stupidity. Got the feeling that the majority of these “Lawmakers” believe a balance sheet is something put on a bed. By the way, this “Child of the Bronx,” was raised in tony Westchester County……..her bio is right up there with… Read more »

    Wild Bill
    Guest
    Wild Bill

    @Vman, Somewhere in time, colleges and universities decided that if they continued the traditional winnowing out process, they would continue to earn less money. But if those colleges and universities did not sift out the less intellectually gifted, then they would take in more tuition money, have higher incomes, and in exchange issue a piece of paper.
    Colleges and universities now sell a product to anyone who can pay, as long as they can pay. Pitiful.

    Ron P
    Guest
    Ron P

    Note to TV news: please stop reporting on childhood hunger in the US by showing pictures of morbidly obese children at food pantries. Hunger in Syria and Africa is believable because the children are skeletons. In America those obese kids could do without a meal or three.

    hippybiker
    Guest
    hippybiker

    Those eyes remind me of someone else. I wonder if she’s a female clone oof.’ Charlie?’

    willy d
    Guest
    willy d

    When it comes to saying work to this generation, they almost all know how to do a vanishing act faster than saying work, so be afraid they put one in N.J. and look what they got there!!!!!!

    alex
    Guest
    alex

    WHAT THE HELL IS SHE BABBLING ABOUT???

    Core
    Guest
    Core

    It is a bold claim. And sadly these claims often go unchecked: and the “fact checkers” mostly liberals brag about this. I’m not seeing this phenomenon in America if anything folks are not getting enough hours. I can tell you inflation is too damn high, and folks are not making enough money to offset the cost of living in most places in America. This is a sad reality. Inflation spiked approx. 26% during Obama’s two terms. Hopefully, we see relief under President Trump, but I think Bill Clinton and Obama ruined our economy for some time. G.W. Bush did not… Read more »

    james
    Guest
    james

    Anybody have a copy of her CV?

    Wild Bill
    Guest
    Wild Bill

    @james, her curriculum vitae is probably filled with as much truth as Barry Soetoro’s (aka Bayrock Oblabla) was.

    james
    Guest
    james

    With that brand name diploma she waited tables and tended bar? OMB, to help mom.

    Perhaps she had a deal like UNC Chapel Hill basketball players, except she was on the Socialist Debate Team?

    G-man
    Guest
    G-man

    They all manipulate the facts so the less than 50 IQ points think she is on their side , but like all socialists they just put on a facade to hide the real agenda to elevate themselves to power and then it’s over for you and hello to less freedoms ,wake up folks Obama pulled this fakery on you and how did that work out

    Joey Nichols
    Guest
    Joey Nichols

    “Capitalism has not and will not always exists in the world”???
    REALLY?

    You think our natural tendency is work, give everything you work for to a third party, let THEM decide how to use those resources?
    (Socialism)
    Or you work, be paid for producing something that people buy, then you keep the profits and spend them as YOU see fit?

    MB
    Guest
    MB

    Just one word for this crazy bee-otch, who apparently learned nothing in spite of her so-called “higher education” Venezuela

    Jim Macklin
    Guest
    Jim Macklin

    The government does not survey the general public with the question, “Are you employed?” The government counts the number of people registered with a state employment office who are receiving unemployment compensation. The government also gets reports from every employee’s IRS paperwork. Lots of people used up their unemployment compensation and after years were not able to find employment. They don’t count, because they are not getting unemployment and they probably stopped going to a state office because that cost travel money they don’t have. Some people just got old and their health, blood pressure, made getting the required medical… Read more »

    jdl
    Guest
    jdl

    Completely wrong – are you Coretez’s brother? “Bureau of Labor Statistics Survey Despite what many people believe, the unemployment rate is not measured by calculating the number of people collecting unemployment insurance. In fact, the government comes up with this much-anticipated number each month by following a process that more closely resembles the U.S. Census. The unemployment rate is measured by a division of the Department of Labor known as the Bureau of Labor Statistics, or BLS. This government agency conducts a monthly survey called the Current Population Survey that involves 60,000 households. These households are selected using random sampling… Read more »

    Farmer
    Guest
    Farmer

    Maybe that guy should run for office …. he seems to have all the answers even though they are completely fabricated …. would make a good liberal

    Colonialgirl
    Guest
    Colonialgirl

    That was the OBAMA method to hide the true facts.
    Instead of the lottery, Try going out and pounding the pavement.

    Mart3
    Guest
    Mart3

    I “DREAM” of Gini….

    Gini Index of income – The closer to zero, the more socialist you are.
    Simple definition for us hard-working, non-giggly, [apparently] under-educated liberty-loving citizens.

    PAJohn
    Guest
    PAJohn

    The lead-in photo sure looks like that of a loon, and I’m not referring to the bird.

    David Telliho
    Guest
    David Telliho

    “That” woman is crazier than a loon. I think, no, I believe this is a result of inbreeding.

    Graystone
    Guest
    Graystone

    Looks like a Great opportunity to nominate and elect a Republican to this NY house seat.
    Any Democrat who votes for her is as ignorant as she is. Personally I would be ashamed to have her represent me in DC.

    Dr. Strangelove
    Guest
    Dr. Strangelove

    The future of the Democrat party. Be afraid. Be very afraid.

    James Andrews
    Guest
    James Andrews

    Exactly; they don’t have a clue about economics, reality, or the simple concept of sacrifice! Our nation was built upon hard work and sacrifice , for the future of our children. Today’s generation doesn’t like to work!

    DaveW
    Guest
    DaveW

    I believe the Democrat Party is going to split because half of them are far left progressive socialists and the other half are real humans, and the third half are Hillaryites. Did I get that right? Three halves make a black hole for the economy to fall into? Didn’t it take the Soviets 70 years to learn that the numbers don’t add up.