Cato JR Wrote:
Sep 19, 2012 5:18 PM
The facts: Every federal statistic can be, and has been, modified for political purposes. The original stats are designed to confirm Democrat assumptions, and, since the Lyndon Johnson administration, any succeeding administration can change statistics going back up to 80 years. That means Ronald Reagan's 28 million new jobs at the highest constant dollar pay growth rate in history were modified by Bill Clinton down to 26 million, and then by Obama down to 24 million. It also means the more than 33 million formerly employed before Obama entered the WH are now called fewer than 16 million. The approx. 5 million new entrants in the labor pool are ignored. And the real inflation rate well above 8.5% is ignored and called 2%.