Fmr. Obama Lead Adviser Says What We’re All Thinking About AOC: ‘Economically Ignorant’

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In the Western Journal, Kara Pendleton’s commentary presents replies from former Obama Administration adviser, Steve Rattner, to the latest proposals from Congresswoman Alexandria Ocasio-Cortez:

She has her share of detractors, but it is not just people on the right who think that what Rep. Alexandria Ocasio-Cortez proposes would be disastrous for America.

Her latest critic was a member of former President Barack Obama’s administration.

So, what New York Times contributing writer Steven Rattner had to say about one of the New York Democrat’s latest tweets should carry a lot of weight on both sides of the aisle.

“This may be the most economically ignorant statement I have ever read,” the former lead adviser to Obama’s 2009 Presidential Task Force on the Auto Industry tweeted Friday.

Steven Rattner

@SteveRattner

This may be the most economically ignorant statement I have ver read.

Alexandria Ocasio-Cortez@AOC

Anything is possible: today was the day a group of dedicated, everyday New Yorkers & their neighbors defeated Amazon’s corporate greed, its worker exploitation, and the power of the richest man in the world. https://twitter.com/jdavidgoodman/status/1096087641953632258 

But Rattner didn’t only hit Ocasio-Cortez over her “economic ignorance.” He also wrote an Op-Ed for The New York Times, “Your Grandchildren are Already in Debt,” in which he blasted expensive policy proposals like her Green New Deal.

“Medicare for All. The Green New Deal. Free college tuition,” Rattner wrote. “With each new entrant into the Democratic presidential sweepstakes comes a fresh cascade of ambitious social programs to entice and excite would-be supporters.”

On the other side of the balance sheet, he argued, there just isn’t enough new revenue make the new American socialism work.

“The list of ‘payfors,’ to use a bit of Washington jargon, grows more slowly. They’ll pay for this how, again? Tax the rich, tax the rich — or take cover behind a convenient bit of progressive dogma: Don’t worry about the fiscal impact because America’s rising budget deficits and debt levels don’t much matter.”

The problem with that thinking is that, well, it isn’t thinking. It’s hoping.

The reality is somewhat different.

  • 02/15/2019
  • Kara Pendleton