Attention

The opinions expressed by columnists are their own and do not represent our advertisers

Thursday, October 11, 2012

Jack Welch Slams Critics In New WSJ Op-Ed

Former General Electric CEO Jack Welch — who ignited a media firestorm Friday by suggesting that the U.S. monthly jobs numbers were cooked — defends himself and his theory in a new Wall Street Journal op-ed, published online Tuesday night. 
Here's the opening, via the WSJ
"Imagine a country where challenging the ruling authorities—questioning, say, a piece of data released by central headquarters—would result in mobs of administration sympathizers claiming you should feel "embarrassed" and labeling you a fool, or worse.
Soviet Russia perhaps? Communist China? Nope, that would be the United States right now, when a person (like me, for instance) suggests that a certain government datum (like the September unemployment rate of 7.8%) doesn't make sense.
Unfortunately for those who would like me to pipe down, the 7.8% unemployment figure released by the Bureau of Labor Statistics (BLS) last week is downright implausible. And that's why I made a stink about it."

More

1 comment:

lmclain said...

Jack Welch knows business. And he knows business numbers. And now, it seems, he knows a bit about an overbearing central government stifling dissent by any means necessary. Anyone with a business or LOOKING for a job KNOWS those numbers are cooked. 8+% unemployment for 40+ months straight and right after obama gets his clock cleaned in front of millions of voters and (coincidentally, I'm sure), the election looms, the numbers drop under 8??