JACK WELCH: Obama Is Manipulating The Jobs Numbers Because His Debate Performance Was Awful … Household Survey, Biggest One Month Jump Since June 1983, 5 Weeks Before Election … “Does Not Pass the Smell Test” … WATCH THE PARTICIPATION RATE!!!
Sorry, but some things just do not pass the smell test … Obama trying to pass off the unemployment rate off as below 8% when a record number of Americans have left the work force.
Following the questionable September 2012 jobs numbers yesterday, former GE CEO Jack Welch tweeted the following that he was extremely critical of the dubious data and accused Obama of manipulation the jobs numbers because of his poor Presidential debate performance.Who would you believe, Jack welch, probably one of the greatest CEO’s ever or the Obama Administration?
Like many other individuals are having, these numbers are not believable. Jack Welch stated that the economic numbers are so off the charts that they are not believable and they should not be presented to the American public as fact that would affect a Presidential election. That of course was the intention of such skewed data that not one economist saw coming. NOT ONE!
At question is how one survey, the Establishment Survey, can have 114,000 non-farm payroll jobs created as reported by the BLS; however, here comes the whopper that is a bit hard to believe … shocking in the report was that the number of unemployed people dropped by 456,000 to 12.1 million. As stated at NewsBusters, Maybe more shocking, total employment, as measured by the Household Survey, rose by 873,000 in September to 142,974,000, the biggest one month jump since June 1983. Really? Really? How can two surveys of jobs be that far off?
“Twenty five economists were polled and stated the average number of jobs would be about 115K jobs and an 8.1 unemployment. And then all of a sudden we wake up in the morning and the unemployment rate is at 7.8% with a bunch of assumptions.”
Nearly every economic in America was predicting jobs gained somewhere between 110,000 and 120,000 jobs for September. No one and let me repeat that, NO ONE, was making any such ludicrous prediction of +800K jobs. In the VIDEO below, Labor Secretary Hilda Solis appeared on CNBC and was asked, whether the books have been cooked? Her response was she was insulted to hear such a question. Sorry Madame secretary, we are insulted that the Obama administration would pass anything like this off as a true picture of the job situation in America.
The Weekly Standard has some responses as to these implausible numbers that were released after President Obama failed miserably during the first Presidential debate and 5 weeks before a Presidential elections. Numbers that could only benefit Barack Obama, even though they are completely unbelievable and such an outlier that they should be completely regarded as BS.
“The report presented a slew of contradictory data points, with the total employment level soaring despite the low net number,” said CNBC’s Jeff Cox.
The Washington Post’s Neil Irwin adds, “Weird that payrolls are exactly on forecast but household survey is far better.”
And the Wall Street Journal warns that these numbers should be taken “with a grain of salt.”
AMERICA DO NOT GET DISTRACTED BY A NUMBER THAT CAN BE SO EASILY MANIPULATED BY POOR DATA!!!
The unemployment number does not count people who just have given up and are no longer looking. What you want to keep your eye on is the LABOR PARTICIPATION RATE that is put out by the BLS. When it comes to the economy and jobs one need to look no further than the following data, when Obama took office the participation rate was 65.8. It is presently 63.6, a loss of 2.2 since Obama has been in office. The number has gone down ever year of, his presidency. Yet we are supposed to believe that the economy and jobs are better? Sorry, that is not the case, not even close. Not when 23 million Americans are out of work, record number of Americans are on food stamps
Labor Force Participation Rate
UPDATE I: Jack Welch also appeared with Fox New’s and stated, the numbers just don’t smell right as they relate to this economy. No one is doing better in the third quarter than they were in the second. Sorry, but these economic numbers are too important to mess with and you know that Barack Obama is going to tout them as his Obamanomics is working when there is no way to anyone who pays attention, knows it is not.
Jack Welch On Fox News: ‘These Numbers Don’t Smell Right’ … The VIDEO can be see HERE.
Scarborough was part of a broader trend of conservatives questioning the jobs figures. In the show’s final half hour, devoted primarily to the jobs report, he said the number “doesn’t make sense,” is “confusing” and suggested that the .3 percent drop – following the addition of 114,000 jobs – is a “mixed bag” for the White House.
“Somebody’s got to explain this,” Scarborough said. “This doesn’t make sense. This doesn’t make sense.”
“Somebody’s got to explain the matrix by which they do this,” he said shortly after.
Scarborough’s skepticism about the methodology seemed out of the ordinary on “Morning Joe,” which covers the jobs numbers on air each month. “Morning Joe,” like much of cable news during an election, typically focuses on the political impact rather than the methodology.