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Fri, Oct 05 2012 08:47:55
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Jack Welch Tweet: Jobs Numbers an Obama Conspiracy?

This morning, the U.S. Labor Dept. reported that the economy added 114,000 jobs in September and the unemployment rate fell to 7.8%, the lowest level since 2009. Immediately following the report, a @Jack_Welch tweet unleashed a fury on Twitter.

  1. It started with this.
  2. jack_welch
    Jack Welch@jack_welch
    Unbelievable jobs numbers..these Chicago guys will do anything..can't debate so change numbers
    Fri, Oct 05 2012 05:35:37
  3. Reaction to the former GE CEO's tweet came in from all sides on @Twitter.
  4. Austan_Goolsbee
    Austan Goolsbee@Austan_Goolsbee
    love ya jack but here you've lost your mind @jack_welch Unbelievable jobs #s. the Chicago guys will do anything..can't debate, change #s
    Fri, Oct 05 2012 06:10:03
  5. TonyFratto
    Tony Fratto@TonyFratto
    BLS is not manipulating data. Evidence of such would be a scandal of enormous proportions & loss of credibility.
    Fri, Oct 05 2012 05:55:07
  6. felixsalmon
    felix salmon@felixsalmon
    *slaps forehead*, got it! @jack_welch thinks POTUS is the CEO of the US, and can manipulate payroll numbers like he manipulated GE earnings.
    Fri, Oct 05 2012 05:53:27
  7. amaeryllis
    amaeryllis@amaeryllis
    Think it’s time for @jack_welch, @rupertmurdoch, Alan Greenspan and Justice Scalia to retire to a nice little farm in the country.
    Fri, Oct 05 2012 05:51:39
  8. BetseyStevenson
    Betsey Stevenson@BetseyStevenson
    Please, no conspiracy theory on the data. Republicans, you are better than this. Don't get desperate.
    Fri, Oct 05 2012 06:41:06
  9. EamonJavers
    Eamon Javers@EamonJavers
    Jared Bernstein, just now: "Jack Welch should be ashamed of himself."
    Fri, Oct 05 2012 08:09:37
  10. And of course, plenty of sarcasm and humor to go around.
  11. ReformedBroker
    Downtown Josh Brown@ReformedBroker
    Now I don't want to say these job numbers are rigged, but they arrived in an envelope bearing the wax seal of Soros...
    Fri, Oct 05 2012 05:53:38
  12. TheStalwart
    Joseph Weisenthal@TheStalwart
    This is the Bill Clinton jobs report. Put people in a good mood, people tell surveyers they have jobs.
    Fri, Oct 05 2012 05:59:41
  13. JoshuaGreen
    Joshua Green@JoshuaGreen
    Trump hacked your account RT @jack_welch Unbelievable jobs numbers..these Chicago guys will do anything..can't debate so change numbers
    Fri, Oct 05 2012 05:54:35
  14. pourmecoffee
    pourmecoffee@pourmecoffee
    Economic data, climate data, voter registrations, Obama birth certificate -- fake, fake, fake, fake. Everything's faked.
    Fri, Oct 05 2012 07:14:34
  15. Labor Secretary Hilda Solis addressed the conspiracy theory in a live interview on @CNBC.
  16. CNBC
    CNBC@CNBC
    Labor Secretary Hilda Solis to @CNBC: Notion that jobless rate was manipulated is "ludicrous."
    Fri, Oct 05 2012 06:45:14
  17. carlquintanilla
    Carl Quintanilla@carlquintanilla
    "I'm insulted" -- Labor Sec Hilda Solis, on @squawkstreet, on those who don't believe 7.8% #jobs data #NFP
    Fri, Oct 05 2012 06:42:55
  18. Defenders of the BLS data took to Twitter.
  19. BetseyStevenson
    Betsey Stevenson@BetseyStevenson
    I promise, when there are errors in publicly available govt data (like the BLS data), someone finds them. See: nber.org/papers/w15703
    Fri, Oct 05 2012 06:42:44
  20. jimcramer
    Jim Cramer@jimcramer
    I am being pilloried for saying the Labor Department data is honest. I say terrific, slag me. Call my mom!! Get me in trouble!
    Fri, Oct 05 2012 06:29:05
  21. feldmike
    Mike Feldman@feldmike
    These job numbers look good to me. Why are all my GOP friends talking down this encouraging news?
    Fri, Oct 05 2012 05:42:19
  22. justinwolfers
    Justin Wolfers@justinwolfers
    I'm seeing two wingnut lines: A) This is actually a weak job report; B) The BLS is making the numbers up. So the BLS is making up weak data?
    Fri, Oct 05 2012 07:07:11
  23. Some on Twitter highlighted the fact that the @Jack_Welch conspiracy theory actually began LAST night.
  24. felixsalmon
    felix salmon@felixsalmon
    It turns out that @jack_welch was even doing his conspiracy-theory thing LAST NIGHT, before the number even came out! twitter.com/jack_welch/sta…
    Fri, Oct 05 2012 05:51:06
  25. jack_welch
    Jack Welch@jack_welch
    Tomorrow employment numbers for Sept.with all the assumptions Labor Dept. can make..wonder about participation assumption??
    Thu, Oct 04 2012 20:02:52

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