President Biden and his top aides have been lying about the number of jobs his $2.2 trillion spending bill will create.
A forecast by Moody’s Analytics said that over the next ten years, the United States economy would create 16.3 million jobs without the Biden spending program, and 19 million with it.
That’s not surprising. When the government spends money, it stimulates the economy. Conservatives argue for many reasons that usually, a better way to stimulate the economy is to cut taxes.
But as you can see, the net jobs created by the spending plan would be 2.7 million.
Here’s what Biden said: “Independent analysis shows that if we pass this plan, the economy will create 19 million jobs — good jobs, blue-collar jobs, jobs that pay well.”
Technically, that is true, because the economy will create those jobs. But it’s misleading enough to call out as a lie. Because, and the White House knows this, it sounds a lot like he is saying that the spending plan will create those jobs, since there is no mention of the number of jobs that are created anyway without the spending bill.
Others lied more directly, saying the bill itself will create 19 million jobs. That is not even technically true.
“The American Jobs Plan is about a generational investment. It’s going to create 19 million jobs,” said Transportation Secretary Pete Buttigieg.
And National Economic Council Director Brian Deese, who as the top White House economic aide surely knows better, said this of the plan: “Moody’s suggests it would create 19 million jobs.”
Moodys does not. Moody’s suggests it will create 2.7 million jobs.
The lies are all documented below.