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Retired Man Only Has Time To Start Conspiracy Theories About The Jobs Numbers Being Cooked, Not To Defend Them

Jack Welch, writing on his Twitter account, said the Obama administration manipulated U.S. employment data for political gain by showing a drop in the jobless rate. “Unbelievable jobs numbers..these Chicago guys will do anything..can’t debate so change numbers,” the former General Electric chief executive officer said in a message posted immediately after the U.S. Labor Department reported that the unemployment rate fell to 7.8 percent last month, the lowest since President Barack Obama took office in January 2009. The Obama administration denied the allegation as baseless and defended the U.S. Bureau of Labor Statistics, which computes the figures…Welch is in meetings today and isn’t available for comment, said Rosanne Badowski, his executive assistant. She said Welch is the only one with access to the Twitter account. [Bloomberg]

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35 Responses to “Retired Man Only Has Time To Start Conspiracy Theories About The Jobs Numbers Being Cooked, Not To Defend Them”

  1. To assistant says:

    Remember I am always in a meeting…

    Never dicking around on twitter or on the phone.

  2. Dr_Rosenrose says:

    Sounds like at least two cranky twitter users didn't get their pumpkin spice today.

  3. E. Cartman says:

    I come to bury Caesar, not to praise him.

  4. guest says:

    "Unbelievable quarterly numbers..these Fairfield guys will do anything..can’t make enough $ so change numbers”

    – GE short seller 1991-2000

  5. Sausage of Doom says:

    Someone told me that Welch was really born in Kenya.

    – Grandpa Simpson

  6. BLS says:

    This guy is gay right, I mean with that voice ?

    Cmon

  7. Father Time says:

    Admittedly agree with the ol' koot but someone please stop giving him a platform. Right place/right time – that's all he was.

    – His Peer Group

    • guest says:

      "Admittedly agree with the ol' koot "? seriously? what's it like living on planet tinfoil hat?

  8. Guest says:

    Are those air quotes [makes air quotes] he's making?

  9. Cristina Kirchner says:

    The numbers are true when a Presidenta says they are true!

  10. guest says:

    I'm just hoping this doesn't hurt the prestige of the Jack Welch Management Institute

  11. Chewier says:

    Ad hominem attacks on people from Chicago is the NKI.

  12. Guy with A.D.D. says:

    The true measure of unemployement is the "Labor Force Participation rate", it's never been the "Unemployment Rate" which has bene doctored for years
    http://data.bls.gov/timeseries/LNS11300000/

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  18. Jorg Tab says:

    Well, that could be true.
    Politicians change the definition of employment to suit their needs and make things appear better than they really are.
    What constitutes employment? Does it mean that just working one hour per week you are considered employed?
    So, according to these stats, you are considered employed because you work one hour per week? Are they serious? Can these people working one hour per week really consider themselves employed?

    There are many people that are struggling to make ends meet and are recurring to online methods to make money.
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  19. It is true though….the definition of employment seems to be ever-changing, especially in todays market. With jobs being so scarce, and people having to take big cuts just to make it. It is a wonder that anyone has a job at all….nice article!