Biden has long had a bad relationship with the truth. His presidential run in the 1980s was tanked after he was exposed for stealing his speeches from other politicians. These days, it’s even worse, as the man suffers from both radicalized politics and mental decline.
The federal government hastily rushed through a bill that will supposedly address the semiconductor shortage. Instead of simply cutting taxes and regulations (and union demands) to ensure companies build factories in the U.S., Congress is throwing around billions of your hard-earned tax dollars.
To spin this bill as a win, Biden made the wild claim that it would create “one million” construction jobs. But even the Washington Post had to call b-s on that.
Biden boasted that the new legislation would create 1 million new construction jobs over the next six years…
However, according to one of the Biden administration’s most solid mainstream media allies, the actual figure would be closer to 6,200…
Even SIA spokeswoman Sarah Ravi was forced to admit that Biden’s “statement about 1 million construction jobs is not accurate.”
“[T]he president stumbled badly here,” Kessler concluded. “In public remarks, and then in a tweet, he claimed 1 million construction jobs would be created because of the Chips Act. The real number was just 6,200, according to the industry-commissioned report cited as the source. [Source: Western Journal]
The Washington Post fact-checker Glen Kessler did the digging and found out that Biden’s claim of “one million” jobs was “wildly exaggerated.” By estimates from the Semiconductor Industry Association, the $50 billion Congress is throwing to chip makers will only create 6,700 construction jobs. He gave Biden another set of “Four Pinnochios” for this bogus claim.
Putting aside the obvious fact that, regardless of the number, construction jobs are temporary—we really have to wonder where Biden got one million.
In the four years before the pandemic, it took the entire U.S. economy four years to create one million construction jobs. That includes all construction jobs, not just the semiconductor industry. Building a few new factories to make chips won’t amount to that many jobs.
Just 6,700? That suggests only a few factories will even be built. And it ignores the fact that this CHIPS bill is a poor attempt at fixing a serious problem.
We are suffering from a semiconductor shortage, thanks to China’s ongoing, outdated approach to COVID. The communist nation has kept much of its manufacturing shutdown, to “prevent” the spread of the virus. Even though it’s been three years (with most countries figuring out how to work and stay healthy), China continues to blame the Wuhan flu for manufacturing slowdowns.
Anyone with half a brain knows China is milking the crisis to manipulate the global economy. While the obvious solution is to shift our dependency from China to American companies, is spending billions in tax dollars the real solution?
Not quite. Congress is giving mostly foreign companies billions to build factories in America. But will this be a long-term solution? Will these factories shut down, once the global shortage ends?
We can’t be sure. And Biden doesn’t even understand what is going on in the first place. Clearly, his speech writers don’t either.
Maybe we need to shut down this administration before it does more damage.
Author: Bo Dogan