Yes, given the way the voters fall for the class warfare rhetoric, they definitely lack economic literacy. There are Democratic politicians who are quite economically literate, Chuck Schumer probably tops the list, which makes his usage of class warfare rhetoric all the more cynical. He obviously views most Democratic voters as little more than idiots, and doesn't give a damn about anything other than retaining power for himself. As to the friends you claim economic literacy for, they obviously don't think very deeply about the issues, or just care about something else other than what is best for the stability and growth of the economy. If you really want to assess their economic literacy and thought processes, test them with the double taxation of dividends issue and with the fractional reserve money creation issue.
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