What’s Happening:

Joe Biden has long had a poor reputation with the truth. That’s only gotten worse since he became “president.” Recently, he claimed a massive spending bill meant to address the semiconductor shortage was going to add a million jobs.

From Twitter:

Investments in the CHIPS and Science Law will create more than 1 million construction jobs alone over the next 6 years building semiconductor factories in America.

— President Biden (@POTUS) August 11, 2022

Investments in the CHIPS and Science Law will create more than 1 million construction jobs alone over the next 6 years building semiconductor factories in America.

That sounds great (unless you realize construction jobs are only short-term), until you look at the facts. And even the MSM had to hit Joe on this one.

From The Western Journal:

“It turns out this number is wildly exaggerated,” [fact-checker Glen] Kessler wrote…

Even SIA spokeswoman Sarah Ravi was forced to admit that Biden’s “statement about 1 million construction jobs is not accurate.”

“…The real number was just 6,200, according to the industry-commissioned report cited as the source…

“The president earns Four Pinocchios,” Kessler concluded.

Glen Kessler, the fact-checker for The Washington Post, examined Biden’s claim that this spending bill will add “one million” new construction jobs.

When he asked the Semiconductor Industry Association, they admitted that the numbers were way off. At best, these new construction projects will only create about 6,200.

This CHIPS bill is another attempt by the federal government to “fix” a problem. You’d think it would be a good idea.

After all, it will help build factories in America that build much-needed semiconductors and create jobs, right?

But already, long before the ground is broken for the first factory, Biden is lying about this bill’s impact.

When the government cuts taxes to encourage job growth, that’s a good thing. But when the government spends money to “create” jobs—that’s another thing entirely.

Biden is spending our money to get companies from overseas to hastily build factories to fill the gap in the semiconductor shortage.

There’s no guarantee this will create lasting jobs. Because, once the shortage overseas is over, will these factories stick around?

Is there any obligation on the part of these companies to keep these factories open, when they can make chips cheaper in Asia?

Now, in some states, they forged long-term partnerships with specific companies that will ensure they’ll stick around for a while.

But the federal government, as usual, is using the shotgun approach. And Biden doesn’t even know how it will affect the country.

Key Takeaways:

• Biden claimed the new CHIPS bill will create “one million” construction jobs.
• The Washington Post fact-checked this, proving it will only create 6,700 jobs.
• The wildly misleading claim was given “Four Pinnochios” by the MSM.

Source: Twitter, The Western Journal