Home » Economy » Biden falsely says $2.25T spending plan will create 19M jobs
Biden falsely says $2.25T spending plan will create 19M jobs
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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.
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"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.