Following Amazon's decision not to build a new headquarters in New York City, Dana Loesch said the Democratic lawmakers who are celebrating -- like Rep. Alexandria Ocasio-Cortez -- are showing "egregious financial illiteracy."

Ocasio-Cortez (D-N.Y.) was one of the most outspoken opponents of the new headquarters, and a billboard placed in Times Square by the conservative Job Creators Network singles her out for the lost jobs, wages and economic activity resulting from Amazon's withdrawal.

Ocasio-Cortez took to Twitter to push back on the "anti-progressive propaganda," but Loesch said the freshman congresswoman should accept that "the truth hurts."

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Loesch said it's clear that Ocasio-Cortez doesn't know what she's talking about, noting that the self-described Democratic socialist suggested the $3 billion that Amazon would have received in tax incentives be used to improve New York's infrastructure.

"She has an egregious financial illiteracy problem," Loesch said, explaining that there is not simply $3 billion in cash sitting around.

She acknowledged that the deal was far from perfect for New York, but she argued that missing out on 25,000 good jobs and billions in tax revenue is a step in the wrong direction for the city and Ocasio-Cortez's constituents.

"Was it worth it? Was it worth it for all of those people in the end when you do the math? No, it wasn't."

Meantime, numerous other cities and states - including Newark, New Jersey - are racing to fill the void and be the home of the new headquarters.

"We want HQ2," former Newark Mayor, Sen. Cory Booker, D-N.J., said on Monday. "We’ve sent that message out already. And everybody from the governor to the mayor to local leaders have been reaching out to Amazon."

Watch the "Fox & Friends" segment above.

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