Yesterday The Washington Times posted an article about the Biden administration’s revised estimate of how many jobs the infrastructure bill would create. The numbers have changed dramatically.
The article reports:
The White House clarified Tuesday that one study projects that President Biden’s $2.25 trillion infrastructure package will create roughly 2.7 million jobs — not the 19 million jobs administration officials had touted over the weekend.
White House press secretary Jen Psaki cited a study from Moody’s that projects the U.S. economy will add 19 million jobs over the next decade if Congress passes Mr. Biden’s plan and about 16.3 million jobs if Congress doesn’t pass it.
“So that is what the impact would be of the American Jobs Plan — 2.7 million, to be totally clear,” Ms. Psaki said. “It is important to be clear and to be specific about jobs numbers — to provide clarity to the American people.”
Frankly, considering the cost of the proposed infrastructure bill, I’d prefer the 16.3 million jobs.
The article concludes:
Brian Deese, director of the National Economic Council, and Transportation Secretary Pete Buttigieg had both cited the study over the weekend to say the plan would create 19 million jobs.
The White House later indicated that Mr. Deese misspoke.
Mr. Buttigieg clarified on CNN Monday that the Moody’s study projects an additional 2.7 million jobs in its forecast if the plan is passed.
I wonder how many Americans missed the ‘clarification’ and are still believing the original number given.