Skip to comments.Biden and Buttigieg Overstate Jobs Impact from Infrastructure Bill (maybe 100k jobs by 2031)
Posted on 08/12/2021 4:56:47 PM PDT by Libloather
President Joe Biden and Transportation Secretary Pete Buttigieg overstated the impact of the bipartisan, Senate-approved infrastructure bill on job creation, likely citing instead an economic forecast that includes the much larger and partisan “human infrastructure” bill.
An economic analysis by Moody’s Analytics found the bipartisan bill “supports only a modestly stronger economy.” The infrastructure bill alone would, at its peak in the middle of the decade, temporarily increase the number of jobs in the U.S. by 650,000, the analysis said. But it would take a few years for those jobs to emerge, and by 2031, after most of the infrastructure projects are finished, the bill would result in just 100,000 more jobs than if the bill did not pass, according to the analysis.
Biden and Buttigieg this week both included the employment gains from a much larger partisan reconciliation bill to overstate the projected jobs impact of the bipartisan infrastructure bill.
Two days before the $1 trillion infrastructure bill passed the Senate, Buttigieg on “Fox News Sunday” called the bill “historic legislation that’s going to get us better roads and bridges, better ports and airports, a better future for our economy and creating millions of jobs.”
Hours after the bill subsequently passed the Senate with bipartisan support 69-30 on Aug. 10, Biden made a speech about the legislation.
“Forecasters on Wall Street project that over the next 10 years our economy will expand by trillions of dollars, and it will create an additional 2 million jobs a year beyond what was already projected — good-paying jobs all around the country,” Biden said.
We reached out to the White House press office for clarification about which Wall Street forecasters Biden was referring to, but we did not get a response.
(Excerpt) Read more at msn.com ...
President Retard and Buttranger. Dynamic duo.
Which end were these 2 talking from ?
This leaves out the millions of jobs that will lost due to inflation and all of its effects. And when the government goes bankrupt then there won’t be so many government jobs.
Infrastructure has nothing to do with touchy feely "human resources" stuff. It is not about giving money to welfare bums. It's not about paying the teacher's unions by subsidizing "Pre K". It's not about electric cars.
Unfortunately Biden has redefined "infrastructure" to encompass all pet Leftists projects, including funding trannys, lesbos, ghetto rats, non-binary parasites and thugs.
Buttplug and the senile demented pedophile—what a duo.
Utterly L A U G H A B L E
You mean to say they are liars too?
And in the Obama/Biden fashion they are all shovel ready jobs
BOTH OF THESE CLOWNS ARE DEADHEADS.
By opening the border, we’ve just increased the number of unemployed people in America by about 2 million.
Our “government” just grew at least 20% as the true infrastructure continues to erode and the country will eventually erode and implode just the same. This is the plan. If we dodge this bullet,it will be a miracle. There is no superman Trump on the horizon to save us.
By shutting down the XL Piepline, the jerks effectively laid off 15,000 people in one shot. Implementing a moratorium on drilling and exploration, there goes another X thousand. These people are incredibly stoooopid.
A trillion bucks only gets you 100,000 jobs? What?
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