Official statistics have gone the same path as peer review.
Obama holds a jobs conference, and then immediately after Obama’s cheerful jobs conference, the BLS tells us that there are fewer unemployed, and more jobs.
Supposedly there are over a million more jobs this year than the same period last year – yet withheld income for salaried employees and payroll tax have fallen 19% compared to the same period last year.
Spengler points out that 300,000 people disappeared from the labor force, yet the BLS reports no increase in “discouraged workers” or workers forced to take part-time jobs for economic reasons.
The government tells us everything is getting better and better. Who are you going to believe?