Jack Welch as a Virtual Business Messiah

By: Monday October 8, 2012 1:00 pm

The guy turned massive profits and was (and is) the darling of Wall Street, but it seems a lot of people have forgotten a lot of things about Jack…one of them being he could also be the most flamboyantly dumb man ever. He returns to that glory with his birther-like chargesof Obama fiddling jobs numbers a month from the election.

 

Final Pre-Election Jobs Reports

By: Saturday October 6, 2012 1:00 pm

This week has seen the final jobs reports that will be available to make a possibly measurable impact prior to November 6. Wednesday’s report from ADP had 162K new private sector jobs. Yesterday’s (Thursday, October 4) Jobless claims report had a slight increase to 367K new jobless claims and 4 week rolling average of 375K new claims. Finally, today’s (Friday, October 5) Bureau of Labor Statistics report has an increase of 114,000 jobs for September and the jobless rate falling to 7.8%.

Conservative Conspiracy Theorists Decide BLS Massaged Data to Boost Employment Numbers

By: Friday October 5, 2012 10:20 am

Because data is just fungible to the political leanings of whoever confronts it, we predictably saw a number of conservatives question today’s jobs report, suggesting that the Bureau of Labor Statistics fudged the data to help the President’s re-election campaign. Leading this charge was former GE CEO Jack Welch on Twitter. I think the government should make a deal with Welch – they’ll admit to massaging the data if he cleans up all the PCBs in the Hudson River personally.

On a more serious note, this is really pretty outrageous, and Labor Secretary Hilda Solis, whose department includes the BLS, is right to be insulted.

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