New $2 Trillion stimulus package...
- Apr 8, 2021 2:12 pm GMT
I always find the text of the government press releases interesting. I am sure a fact checker would say this is 100% true. No Pinocchios at all but...
"President Biden’s plan includes an immediate up-front investment of $16 billion that will put hundreds of thousands to work in union jobs"
If you do the math with only 100,000 jobs created at the Average United Mine Workers total hourly compensation of $40 (includes health care, etc.) - then for one hundred thousand workers there is only enough money for these jobs to exist for 2 years (4000 per worker) - no equipment, no supplies, no transport, nothing but labor.
This sort of math to press release mismatch exists in the whole of the document.
As far as grid infrastructure (almost purely transmission) there is extension of tax credits, mostly for renewables, in the bill but little (at least in the press release) of direct investment by the Federal Government. Of course there is the requirement to end fossil generation by 2035, the same time we need to end fossil fuels for vehicles - so we will in that 13-14 year time period need to double total energy generation.
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