Research

Today, Biden will hold an event at the Brooklyn Bridge area to discuss the stimulus.  At the event he will no doubt tout the stimulus and claim that it is saving countless jobs in New York. However, since the stimulus passed, New York has lost over 107,000 jobs, not exactly what the stimulus was intended to do. 

As he did yesterday, Biden will also probably tell New Yorkers that the national jobs report due out on Friday will show a gain of 500,000 jobs.  However, Mark Zandi, chief economist at Moody’s, has already thrown cold water on Biden’s claim, reminding us that the jobs report on Friday will likely show 425,000 temporary census jobs. 

So New Yorkers, if you believe Biden’s claim today, come talk to us afterwards, we have a bridge to sell you.