JACK WELCH: Obama Is Manipulating The Jobs Numbers Because His Debate Performance Was Awful
Brett LoGiurato | Oct. 5, 2012
Former GE CEO Jack Welch's reaction to non-farm payrolls adding 114,000 new jobs in September and the unemployment rate falling to 7.8 percent:
"Unbelievable jobs numbers...these Chicago guys will do anything...can't debate, so change jobs numbers."
quote:Jack Welch is one of the greatest CEO's in the history of American commerce.
Dude is still alive?
quote:The only people embarrassed by Chris Matthews are the people who watch his show.
I thought for sure he would be on life support after Chris Mattbews embarrassed him this afternoon.
quote:I'm sure Joe Kernan and Rick Santellia will be bent over with dropped trou come next week on CNBC's early morning show - with ole Jack popping both in the rear after taking a couple of "V" pills.
Jack needs to STFU
Jack Welch is one of the greatest CEO's in the history of American commerce. Who are you again? What are your qualifications for greatness? I'd really like to know.
“We had 600,000 government jobs added in the last two months. We had 873,00 jobs by a household survey — which is a total estimate — from 50,000 phone calls. Of those, 600,000 were temporary workers. Chris, these numbers are all a series of assumptions. Tons of assumptions. And it just seems somewhat coincidental that the month before the election, the numbers go one-tenth of a point below where the president started. Although, I don’t see anything in the economy that says these surges are true.”
Matthews then asked if he wanted to take back his accusation that the numbers were intentionally fudged.
“No,” Welch said defiantly. As Matthews grew frustrated with his guests defiance, he accused Welch of irresponsibly alleging wrongdoing by the president of the United States without probable cause. At this, Welch laughed — literally.
“Chris, don’t lose it now,” Welch said.
“You don’t think it’s coincidental that we’ve got the biggest surge since 1983 in the jobs surge? Come on, Chris,” Welch said, refusing to back down. “It’s a six percent improvement in employment in two months…The numbers don’t jibe.”
He continued: “These numbers defy logic. They defy logic. We do not have a 4 to 5 percent booming economy with 873,000 people added. I mean, stop it, Chris. On the face of it, we don’t have this GDP. I love you, but you can’t get there.”
Welch said he was just “raising the question for some good analysts to go look at.”
Jack Welch is one of the greatest CEO's in the history of American commerce.
There's nothing they can do to cover up the debate carnage.
Even if that were true, that doesn't at all lend credence to his bogus conspiracy theory.
Boy...Welch sure looked "destroyed" there.