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JACK WELCH: Obama Is Manipulating The Jobs Numbers Because His Debate Performance Was Awful
Business Insider ^ | 10/05/2012 | Brett LoGiurato

Posted on 10/05/2012 6:56:20 AM PDT by SeekAndFind

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:

Jack Welch Obama

Twitter/@jack_welch

Looks like Welch already was predicting this last night:

Jack Welch Obama

Twitter/@jack_welch


(Excerpt) Read more at businessinsider.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events; Politics/Elections
KEYWORDS: election2012; jackwelch; magicnumbers; obama; unemployment
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1 posted on 10/05/2012 6:56:22 AM PDT by SeekAndFind
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To: SeekAndFind
It takes longer than a day to create these numbers. This has been in the works for a while.

About two weeks or so ago there were news stories about how the Department of Labor "found" over a half million jobs by correcting their survey methods (or something like that). I know it was discussed on FR, but I can't find the stories. It looks like they counted them all this month so that even if only slightly over 100,000 new jobs were created all those jobs hiding under the couch get counted just in time for the election.

Does anyone know where to find those stories? I tried, but I couldn't find them.

2 posted on 10/05/2012 6:59:19 AM PDT by KarlInOhio ("Government is the only thing that we all belong to"=implicit repeal of the 13th amendment for all.)
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To: SeekAndFind

The Romney camp needs to dismiss these numbers as Chicago Math. They must not accept the data, period.


3 posted on 10/05/2012 7:00:31 AM PDT by gov_bean_ counter (ObamaCare is an assault on the unborn, infirmed and elderly. GOP, repeat this as necessary...)
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To: SeekAndFind

ebay jobs. Selling their children’s possessions as “like new”.


4 posted on 10/05/2012 7:01:56 AM PDT by Berlin_Freeper (Obama at the UN: The future must not belong to those who slander the prophet of Islam.)
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To: SeekAndFind

This is truly criminal.

Congress can’t touch the president but they can pull in the people who actually followed the orders and those who knowingly manipulated the data.

Hold them responsible in hearings conducted in full public view.


5 posted on 10/05/2012 7:02:57 AM PDT by Iron Munro (Obamaspeak: An army of pompous phrases marching across the landscape in search of an idea.)
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To: SeekAndFind

Pretty sure Rush said this would happen as the election got closer.


6 posted on 10/05/2012 7:03:21 AM PDT by texaschick
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To: gov_bean_ counter
The Romney camp needs to dismiss these numbers as Chicago Math. They must not accept the data, period.

Which by the way, I've been saying for a full year on American Thinker, including last week:

http://www.americanthinker.com/2012/09/should_mitt_hire_jay_leno_and_pat_caddell.html

http://www.americanthinker.com/2012/06/how_obama_might_just_break_even_on_jobs.html

http://www.americanthinker.com/2011/12/os_legacy_unemployment_rate_now_meaningless.html

7 posted on 10/05/2012 7:05:10 AM PDT by C. Edmund Wright ("You Might Be a Liberal" (YMBAL) Coming out Sept 1 by C. Edmund Wright)
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To: SeekAndFind

Please note that 4th (from left) retweeter (Ben Franklin avatar). That’s me. I am famous this morning. LOL!


8 posted on 10/05/2012 7:05:22 AM PDT by nhwingut (Sarah Palin 12... No One Else)
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To: Iron Munro

In the Government the low level employees are generally quite honest. But the top leadership are political appointees and so of course they must be creatures of the current Administration and obey the Administration to keep their jobs.

Very possible, even likely with the current Administration that the numbers were “adjusted” by high level people. Not that hard, especially with the statistically estimated jobs.


9 posted on 10/05/2012 7:07:09 AM PDT by OldArmy52 (The MSMedia functions in the USA as Pravda functioned in the USSR.)
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To: texaschick

After the 3rd debate, the jobs rate will plunge to -20%.

There will actually not be enough humans alive to fill all the empty positions.


10 posted on 10/05/2012 7:09:11 AM PDT by Salamander (Like acid and oil on a mad man's face, his reason tends to fly away.)
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To: SeekAndFind

Brett from Barack Insider is a partisan hack. If you read what he posts, it’s typically pro obama, anti romney. But that is what Barack Insider does run by disgraced criminal and fraudster Henry Blodgett. Business Insider is a arm of the Barack campaign trying to get him re-elected.


11 posted on 10/05/2012 7:10:16 AM PDT by MAD-AS-HELL (There's a revolution "brewing".....)
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To: SeekAndFind

I didn’t watch the debate due to a prior commitment, but Obama must have been awful if the unemployment number is 7.8.

I agree with Jack.


12 posted on 10/05/2012 7:14:42 AM PDT by moviefan8
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To: KarlInOhio
Is this it?

Nearly 400,000 More Jobs Added Than First Thought

13 posted on 10/05/2012 7:19:15 AM PDT by Madame Dufarge
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To: moviefan8

RE: I didn’t watch the debate due to a prior commitment

______________________________

Well, if you want the full replay of the debate, here it is:

http://www.huffingtonpost.com/2012/10/04/first-presidential-debate-2012-video_n_1938234.html

And that’s just one site you can go to.

The audience of Kennedy vs Nixon never had this privilege.


14 posted on 10/05/2012 7:20:15 AM PDT by SeekAndFind (bOTRT)
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To: Berlin_Freeper
ebay jobs. Selling their children’s possessions as “like new”.

Counting the same kind of "jobs" that now qualify as "employment" for welfare - getting massages, writing in your diary, etc.

15 posted on 10/05/2012 7:24:09 AM PDT by Paine in the Neck (Socialism consumes everything)
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To: OldArmy52

Yes, all very true. I’d also add that what you describe will have left a mountain of evidence that an “adjustment” took place.

Remember Climategate and the emails regarding the “hockey stick” graphic? Its not like some manager erased some numbers and replaced them with ones he prefered. Number cooking at this level can’t happen without it being described in detail and documented in all sorts of communications chains.

Issa needs to go after this, go after it hard and go after it now.


16 posted on 10/05/2012 7:27:17 AM PDT by tanknetter
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To: Madame Dufarge
Bullseye. And the press cheering about the big increase in employment today have already "forgotten" it. It's like watching a professional wrestling match where everyone but the ref can see the guy swinging the folding chair.
17 posted on 10/05/2012 7:32:44 AM PDT by KarlInOhio ("Government is the only thing that we all belong to"=implicit repeal of the 13th amendment for all.)
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To: KarlInOhio

The “press” - America’s Official Red-Light District.


18 posted on 10/05/2012 7:40:00 AM PDT by Madame Dufarge
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To: Iron Munro

“Hold them responsible in hearings conducted in full public view.”

Like the hearings on Waco and “Fast & Furious”?

Congressional hearings are kabuki theater to fool the sheeple into believing there is still rule of law in the U.S.


19 posted on 10/05/2012 7:43:00 AM PDT by MikeSteelBe (Austrian Hitler was, as the Halfrican Hitler does.)
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To: SeekAndFind

How is the “Household Survey” done and do they count people working more than one job as >1?


20 posted on 10/05/2012 7:45:37 AM PDT by OrioleFan (Republicans believe every day is July 4th, Democrats believe every day is April 15th.)
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