President Joe Biden talks on the phone with Katherine Tai in the Oval Office of the White House Thursday, March 18, 2021, to congratulate her on her confirmation as U.S. Trade Representative. (Official White House Photo by Adam Schultz)
Last week in Lake Charles, Louisiana, Joe Biden said (according to the official White House transcript):
Everything we’re — we’re gone through is now the, sort of — the blinders have been taken off the American people. They know how bad of shape things are in. But it creates — if we move — all the economists, including the liberal as well as conservative think tanks, point out what we’ll create when we pass this Jobs Plan — we’ll create up to 16 million good-paying jobs. Not $8 an hour or $12, not $15 — prevailing wage jobs. Wages you can raise a family on.
If the media were interested in fact checking, writes James Freeman in the WSJ, it would run out of space for Pinocchios in Mr. Biden’s one short paragraph.
Mr. Biden is selling the preposterous claim that all economists predict his plan will create up to 16 million high-wage jobs—nearly 40 times the high end of the Trump White House forecast for infrastructure jobs based on its plan featuring more actual infrastructure, plus deregulation to enable construction.
Given the taxes Mr. Biden has proposed to fund his plan, the real question is how many jobs it will eliminate. Having discouraged workers from taking jobs, Mr. Biden now wants to see how many employers he can discourage from offering them.
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