Biden’s Bogus Jobs Numbers

Debunking Biden’s bogus jobs numbers! With today’s ALG Minute, I’m Catherine Mortensen. According to Moody’s Analytics Biden’s massive so-called infrastructure bill will help create 18.9 million new jobs by 2030. Sounds great! But wait. The Washington Times points out that if everyone kept their money in their pockets and the federal government did nothing, the economy will create 16.3 million jobs on its own. This leaves a net increase of about 2.6 million jobs.

But the “infrastructure” package costs two-and-a-quarter trillion dollars. Third grade math calculations tell you taxpayers would spend roughly $900,000 per job created. If the jobs pay an average of, say $100,000, then every job is a net negative for the economy. And these are the people who accused Trump of bad math.
And by the way – Moody’s analytics said the Trump tax plan would have no positive effect on the economy.

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