Bias takes a heavy toll on reason. It was always known that Jack Welch is a republican. It is now known that he is sometimes not thinking republican. If he believes that there is nothing that those he called "Chicago people" would not do including fixing BLS job statistics (he publicly admitted that he had no evidence in support of his tweet), is it not fair that one may imagine that he knows better than most, how this art is practiced. Knowledge and skill can be explicit or implicit as those who know, know.
From: usaafricadialogue@googlegroups.com [usaafricadialogue@googlegroups.com] On Behalf Of Dr. Emmanuel Franklyne Ogbunwezeh [ogbunwezeh@yahoo.com]
Sent: Saturday, October 06, 2012 6:43 AM
To: usaafricadialogue@googlegroups.com
Subject: Re: USA Africa Dialogue Series - Did Obama Cook The Books On Jobs? A Scandal In The Making!
When the job numbers were 8% as issued by the Same Body that issued the 7.8%, Obama was Not Cooking the Books. But now that the movement showed that his policies are working, then he is Cooking the Books? I can understand why they want him Out. The rogues cannot stand anyone who Stands as an obstacle to their unrestained Plunder of the middle class.
Dr. Franklyne Emmanuel Ogbunwezeh
Dr. Franklyne Emmanuel Ogbunwezeh
--Jack Welch: Obama Cooking the Books on Jobs--Friday, 05 Oct 2012 09:17 AM
The U.S. economy added a net 114,000 jobs in September, while the unemployment rate fell to a surprisingly low 7.8 percent, a number former GE boss Jack Welch described as cooked up by the Obama administration.
The September jobs number brought the unemployment rate below 8 percent for the first time in about four years.
Total employment rose by 873,000 in September, following three months of little change, according to the Bureau of Labor Statistics.Alert: End of America's Middle Class a Startling Reality. Read More Here.
"Unbelievable jobs numbers ... these Chicago guys will do anything ... can't debate so change numbers," Welch said on his Twitter page, referring to President Barack Obama's performance in the first presidential debate earlier this week.
Other experts expressed similar surprise.
"It's a little confusing, to be honest with you. The number of jobs created wasn't that high but the unemployment rate came down and the participation rate went up a little bit, so it's confusing," said Ron Florance, managing director of investment strategy for Wells Fargo Private Bank in Scottsdale, Arizona, according to Reuters.
"All in all, it doesn't change the trajectory of what the jobs environment has been really for the last year. We continue to increase jobs but not at a rate that is fast enough to significantly change the unemployment picture for American workers."
Revisions to previous data showed hefty improvements as well.
August figures were revised up to 142,000 from 96,000, while July's figures were revised up to 181,000 jobs created from 141,000.
"The unemployment rate is lower than when Obama took office while Romney will likely say the pace is still lackluster. Conspiracy theorists will go wild on these numbers," said Omer Esiner, chief market analyst at Commonwealth Foreign Exchange, Reuters added.
"Overall, it is a decent report, but nothing to write home about. It does not shed much light on the real state of the economy."
© 2012 Moneynews. All rights reserved.
Read more: Jack Welch: Obama Cooking the Books on Jobs
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