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Printed from https://www.writing.com/main/books/entry_id/1008332-False-jobs-creation-claims-by-US-White-House
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by Krago
Rated: E · Book · News · #2247543
Gathered from international media sources. April 2021- Your revues/comments are welcome
#1008332 added April 11, 2021 at 1:55pm
Restrictions: None
False jobs creation claims by US White House
President Biden is seeking to convince the American people that Congress needs to pass his next big-ticket economic plan, touting the sweeping, $2.25 trillion measure unveiled last week as a once-in-a-generation investment in the nation's economy and infrastructure.

But the president and his top lieutenants have inaccurately depicted how many jobs the eight-year initiative will create, a figure that's essential to their sales pitch.

MANCHIN REJECTS BIDEN'S CORPORATE TAX HIKE

"Independent analysis shows that if we pass this plan the economy will create 19 million jobs," Biden said in remarks at the White House last week. "Good jobs, blue-collar jobs, jobs that pay well."

The figure cited by Biden comes from a Moody's Analytics estimate, which found the U.S. economy will add about 19 million jobs between the fourth quarter of 2020 and the fourth quarter of 2030 if lawmakers pass the so-called American Jobs Plan.

But that research includes many jobs that would be created even if the government did nothing.

President Biden responds to a question after speaking about the March jobs report in the State Dining Room of the White House, Friday, April 2, 2021, in Washington. (AP Photo/Andrew Harnik)

Over that 10-year time period, the economy is already on track to add about 16.3 million jobs, whether or not Congress passes the infrastructure bill, according to Moody's. That would mean the proposal itself will add about 2.7 million jobs, significantly fewer than the 19 million promoted by Biden and other administration officials.

"Moody's suggests it would create 19 million jobs," Deese said during an interview on "Fox News Sunday." Buttigieg repeated that same figure during an interview on NBC's "Meet the Press."

The White House did not immediately respond to a FOX Business request for comment, but Buttigieg did acknowledge during an interview on CNN's "Situation Room" that the 19 million figure includes just 2.7 million from the passage of the American Jobs Plan.

"I should be precise about this. Moody’s modeled a scenario where the American Jobs Plan is passed. In that scenario they see the American economy creating 19 million jobs," he said. "That’s 2.7 [million] more than if this bill doesn’t pass.”


© Copyright 2021 Krago (UN: krago at Writing.Com). All rights reserved.
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Printed from https://www.writing.com/main/books/entry_id/1008332-False-jobs-creation-claims-by-US-White-House