
Biden falsely claims $2T infrastructure plan will create 16 million jobs
Fox News
President Biden appeared to significantly misstate estimates on how many jobs would be created through the implantation of his “American Jobs Plan” during a speech Wednesday in Lake Charles, Louisiana.
"All the economists, including the liberal as well as the conservative think tanks, point out we will create up to 16 million good-paying jobs," Biden said at the event. "Not $8 an hour or $12 an hour or $15 an hour. Prevailing wage jobs, wages you can raise a family on. My dad would say, just a little bit of breathing room after everything’s paid." Biden did not specify which studies projected his plan would create 16 million jobs. But the remark appeared to be a reference to a study conducted by economic research firm Moody’s Analytics, which projected a far smaller number. An April 2021 report by Moody’s determined the US economy would add roughly 16.3 million jobs through 2030 regardless of whether Biden’s "American Jobs Plan" passed. The study found the economy would add roughly 2.7 million more jobs, or about 19 million in total, if the infrastructure plan is implemented.More Related News