When Minnesota Governor Tim Walz took a swing at JD Vance last week by saying that he doesn't even know what a venture capitalist does, most people - including Yours Truly here - figured he was...what's the word the leftist media keeps using for it? "Misspeaking."

You know - lying. And for effect in this particular case, in order to paint himself as an Everyman compared to Vance's supposed White Collar Elitism.

But as it turns out, Walz - who, incidentally, backs Kamala Harris' plan to tax unrealized gains on things like investments and stocks as the foundation for her multi-trillion-dollar economic plan - may not actually know what a venture capitalist is, considering he thinks Trump is one.

And considering that he thinks venture capitalists are the reason why so many American jobs have been moved overseas.

Speaking on ABC's The View Monday, and conveniently to a panel of bobbleheads too ignorant to call out his error, Walz claimed that "venture capitalists like JD Vance and Donald Trump" are the drivers behind American companies moving their operations outside of the country.

"Look, these are folks that are concerned that these areas have been left behind. We've seen an economy that have shifted some of these jobs. I make the case that it's because of people, venture capitalists like JD Vance and Donald Trump, that move these jobs out of there," Walz said, to the emphatic agreement of people like Whoopi Goldberg and Joy Behar.

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There are just a couple glaring problems with this assertion: while JD Vance may be a venture capitalist, Trump isn't. A "capitalist" - i.e., someone who supports a capitalist economy, as opposed to, say, a socialist one run by the government - and a venture capitalist are two very different things, with the latter being a person who makes a living by pooling funds from investors to help start-up businesses (also known as new "ventures") get off the ground. Simply put, the first is an economic ideology; the second is a profession.

It's also patently untrue that venture capitalists are the main reason why companies move jobs overseas (a more complicated question than we have time to get into here, but a huge driver of which is actually big government regulations, which, ironically, make up the backbone of the Harris/Walz plan).

In a 2022 op-ed article in The Hill, National Venture Capital Association CEO Bobby Franklinreported, "For the first time, we have data to back up what many already knew -- venture capital-backed companies are a major catalyst for growth and dynamism in our economy," pointing to a study that showed "Employment at VC-backed companies grew nearly 1000 percent from 1990 to 2020."

"Venture capital (VC) has long been known for backing iconic American companies, from Moderna and Genentech to Zoom, Alphabet and FedEx. Our organizations -- the Kenan Institute for Private Enterprise, the National Venture Capital Association and Venture Forward -- just released a new study that provides compelling insights into how venture-backed companies are America's resilient job engines," Franklin wrote, going on to explain that VC-backed companies are creating mountains of good, hardy jobs all across the country and making it possible for the U.S. to compete with countries like China in areas like tech.

So perhaps Walz was finally telling a truth-fact about himself: he doesn't actually know what a venture capitalist is. Which is deeply concerning in someone who is campaigning to be runner-up to the head honcho of American economic policy.