American Consequences - June 2021

AMERICAN JOBS PLAN BALONEY Fix highways, rebuild bridges, upgrade ports, airports and transit systems.

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Meanwhile who’s going to be pounding the two million nails? According to the Associated General Contractors of America trade organization, 81% of construction firms are having trouble finding enough people to hire. Perhaps the American Jobs Plan (“AJP”) can create unemployment sufficient to supply the employees the construction industry will need. The AJP seems intent on trying. Another top bullet point in the Fact Sheet states... ... the plan will require that goods and materials are made in America and shipped on U.S.-flag, U.S.- crewed vessels. But I digress… Which is understandable. It’s easy to get distracted during the mind-numbing trudge through the AJP Fact Sheet. I wish I could analysis of the American Jobs Plan, but that would require some organization and logic in the plan itself. It doesn’t have any. There goes the $3.1 trillion import sector of the U.S. economy. And there goes the $2.5 trillion export sector too. Because the entire U.S. Merchant Marine consists of exactly 115 cargo ships engaged in foreign trade (out of more than 90,000 worldwide). Only five of the U.S. ships are tankers. But the American Jobs Plan will... present you with an organized and logical

So maybe we can send our oil and natural gas to Europe and Asia in soccer-mom SUVs, pontoon party boats, airline overhead luggage bins, and trolley cars. And don’t worry about getting fired, because the American Jobs Plan creates “good-paying union jobs.” The phrase is repeated with slight variations ad infinitum in the AJP Fact Sheet. Never mind that only 6.3% of private sector workers are unionized. Screw the private sector. The AJP is all about the public sector, and 34.8% of public employees are unionized. Incidentally, those unionized public employees are in an interesting position when negotiating with their “bosses,” who are elected officials desperate for the votes of that 34.8% to get themselves reelected. In any other business, this would be called extortion... Also incidentally, 3.6 million of those unionized public employees are members of teacher unions. And every one of them should be picketing the White House to protest Biden’s lousy grammar. That’s “ well -paying union jobs,” Joe, you dunce. But I digress…Which is understandable. It’s easy to get distracted during the mind- numbing trudge through the AJP Fact Sheet. I wish I could present you with an organized and logical analysis of the American Jobs Plan, but that would require some organization and logic in the plan itself. It doesn’t have any. It’s just a dump – excuse me,

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June 2021

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