Posted on 10/06/2012 7:21:45 AM PDT by Snuph
In a heated debate with MSNBCs Chris Matthews, former General Electric CEO Jack Welch doubled-down on his claim that the Bureau of Labor Statistics survey released Friday, which showed a spike in employment and a drop in the unemployment metric from 8.1 percent to 7.8 percent, is bogus.
Welch explained his rationale to the MSNBC host:
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 dont see anything in the economy that says these surges are true.
(Excerpt) Read more at theblaze.com ...
I agree with Welch but this “cook the books” stuff is a side issue. Important but a side issue until further investigation & facts are available to nail whoever is responsible and prosecute. That will come later.
But even if the rate IS 7.8% - so what? It is an unacceptable unemployment rate. I would like to see the average unemployment rate for the last four years - probably closer to 9%.
The real story is that liberals think 7.8% is a good acceptable unemployment rate worthy of rehiring Obama.
Romney needs to pound the O-fraud every day, but this is a good start and a good sign.
Mitt Romney has set his goal at creating 12 MILLION in he first term. That's what we need to bring our GDP back in line and get tax revenues up to stop the bleeding on interest and debt.
I think Matthews and Ubama want some “Down Low” time together.
Well stated.
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