Here is a clear example of a decline in economic literacy to start with.
In the early sixties, you had the head of the democrat party saying things like:
“…an economy hampered by restrictive tax rates will never produce enough jobs or enough profits.” — President John F Kennedy
Here in the early 21st Century, we have a former, and probably future democrat candidate for President spouting nonsense like this:
“Don’t let anybody tell you that it’s corporations and business that create jobs.” — Former Obama Secretary of State Hillary Rodham Clinton
Really, she said that. What’s worse is the moonbats who actually believe this nonsense.
Let’s go to the video.
It’s not just HRC, back in 2010, another democrat was stumped by the question, “How do you create a job?”