Just recently, the far-left Washington Post surprised many by awarding President Joe Biden “Four Pinocchios” for the egregiously false statements that he made about Georgia’s recently-passed election security law, S.B. 202.
Now, believe it or not, the Post just gave President Biden two more “Pinocchios.”
Biden’s “significant omission”
The Post gives a rating of “Two Pinocchios” for “significant omissions and/or exaggerations.” Biden’s significant omission comes as he has been promoting his infrastructure proposal, the so-called “American Jobs Plan.”
A claim that both Biden and his transportation secretary, Pete Buttigieg, have made is that the American Jobs Plan will create some 19 million jobs. It turns out, though, that this is not exactly true.
A recent Moody’s analysis indicates that, if Biden’s infrastructure proposal is not passed, then 16.3 million jobs would be expected to be added to the American economy. To reiterate, over 16 million jobs are expected to be added to the U.S. economy with or without Biden’s proposal.
If we do a little math, subtracting this 16.3 million from the 19 million number cited by Biden and Buttigieg, we end up at 2.7 million jobs. So, Biden’s infrastructure proposal would be expected to create about 2.7 million jobs, which is a long way off from 19 million.
As Just the News points out, there is another significant omission here: the amount of money that Biden’s plan is going to cost the taxpayer.
According to Just the News, Biden’s infrastructure proposal would cost the taxpayer roughly $740,000 per job that Biden creates. The outlet took the 2.7 million jobs number and divided it by $2 trillion, which is the estimated cost of Biden’s proposal.
So, not only is Biden’s “American Job’s Plan” not creating as many jobs as he claims that it will, but it will also significantly cost the taxpayer.
A potential saving grace
At the moment, it appears the Biden’s proposal, at least as it is, is probably not going to be able to make it through the Senate.
Senate Republicans, in addition to pointing out that the bill has little to do with actual infrastructure, are arguing that it is fiscally irresponsible, particularly after the recently-passed $1.9 trillion coronavirus spending bill. Democrats, in response, are threatening to use reconciliation to be able to get the proposal through the Senate without the need for any Republican support.
Sen. Joe Manchin (D-WV) has come out against this idea, and as long as he stands firm, it is likely that Biden’s proposal isn’t going anywhere.