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Fact check: Biden administration officials falsely describe infrastructure jobs estimate

April 5, 2021. Summarized by summa-bot.

Compression ratio: 48.4%. 2 min read.

Top officials in President Joe Biden's administration have made a series of television and radio appearances to promote the infrastructure proposal Biden unveiled last week, a roughly $2 trillion package the White House has named the American Jobs Plan.

White House National Economic Council Director Brian Deese claimed on Fox News on Sunday that Moody's estimated that the proposal "would create 19 million jobs. "

It's not true that Moody's estimated that the infrastructure proposal will "create" 19 million jobs.

Rather, Moody's estimated that the economy will add about 19 million jobs between the fourth quarter of 2020 and the fourth quarter of 2030 if the infrastructure proposal gets passed -- or add about 16. 3 million jobs over the same period if the infrastructure proposal does not get passed.

Therefore, the infrastructure proposal itself adds about 2. 7 million jobs to the Moody's estimate, not all 19 million.

The White House official said Deese intended to say Moody's found the infrastructure proposal would "help" create 19 million jobs, not that the proposal would itself create 19 million jobs.

Moody's estimated that the economy would have added about 15. 7 million jobs between the fourth quarter of 2020 and the fourth quarter of 2030 if the American Rescue Plan pandemic relief law had not been approved and if the infrastructure proposal never gets approved.

In other words, Moody's said that these two signature Biden plans would be responsible for about 3. 3 million jobs above a baseline scenario in which there had been "no additional support" for the economy.

Biden said in a Friday speech: "Independent analysis shows that if we pass this plan, the economy will create 19 million jobs. . . "

Unlike Buttigieg and Deese, Biden didn't say the estimate is that infrastructure proposal itself would create 19 million jobs.

Bernstein proactively explained Friday on CBS News Radio that Moody's said only some of the 19 million estimated additional jobs would be attributable to the infrastructure proposal, while some of the 19 million would be attributable to the American Rescue Plan that Biden signed into law in March and some would be created independently of both plans.

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