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Saturday, April 17, 2021

Senior White House Officials Misquote Moody’s Infrastructure Plan Analysis

Senior officials in President Biden’s administration have misquoted models out of Moody’s Analytics, stating that Biden’s proposed infrastructure plan will add “19 million jobs to the U.S.” by 2030.

White House National Economic Council Director Brian Deese appeared on Fox News on Sunday, saying that the Biden Infrastructure Plan “would create 19 million jobs”. 

Secretary of Transportation Pete Buttigieg made similar comments to ABC and NBC on Sunday, saying that “this will lead to 19 million jobs”.

The report out of Moody’s Analytics suggests that 19 million jobs could be created if the bill passes, but that 16.3 million of these jobs would likely be created anyway, regardless of the bill passing. Based on these numbers, Biden’s proposed infrastructure plan would potentially add 2.7 million jobs and not the quoted 19 million.

Buttigieg was confronted about these numbers by CNN’s Wolf Blitzer on Monday, where Buttigieg clarified his quote but maintained that the infrastructure bill would still be very important to reigniting the U.S. economy.

President Biden has also made statements about the Moody’s report. In a speech given on Good Friday, President Biden said, “Independent analysis has shown that if we pass this plan, the economy will create 19 million jobs.”

Political detractors and economic experts have pointed out that the President’s statement, while technically accurate, is misleading and does not present the full scope of the analysis. 

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