Jack Welch: Unemployment rate cooked

Oct 5, 2012 | Posted by: roboblogger | Full story: WGAL-TV Lancaster

The big drop in the unemployment rate a month before the presidential election brought cries of disbelief and conspiracy theories from Jack Welch and other critics of the Obama administration Friday.

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1 - 20 of 45 Comments Last updated Oct 6, 2012
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Makes sense

Dearborn, MI

#1 Oct 5, 2012
I'm on your side, Jack. Wink wink
Makes sense

Dearborn, MI

#2 Oct 5, 2012
We should scrutinize everything the government reports and accept eveything Bishop Rmoney says as the truth (like the truth, truth-like).

We don't need to see his tax returns.
Makes sense

Dearborn, MI

#3 Oct 5, 2012
Here's the PROBLEM, the stock market believes the lie of the Dummycraps!!!!

Stocks rally on drop in jobless rate to 7.8%
Adam Shell, USA TODAYShare

Story Highlights

Stocks rally as unemployment rate hits lowest level since January 2009

If rally holds, Dow could make new 5-year high

Lower jobless rate could help Obama's presidential chances

12:27PM EST October 5. 2012 - NEW YORK -- The stock market rally powered by a drop in the unemployment rate to 7.8%, its lowest level since January 2009, has the Dow Jones industrial average and S&P 500 stock index on pace to close at fresh five-year highs.

The stock market, fueled in large part by a Federal Reserve-powered stimulus, headed into Friday's trading session just shy of the bull market highs it notched in September. If its gains continue, benchmark indexes will close at new highs.

The Dow Jones industrial average, which is up 11.1% this year and at levels not seen since December 2007, blew past a new cycle high in morning trading. Similarly, the Standard & Poor's 500 index, which closed yesterday at 1461.40 is trading well above a new bull market level high.
Mothra

Phoenix, AZ

#4 Oct 5, 2012
Makes sense wrote:
We should all ignore the Dearborn bigot.
WhateverYouThink

Sugar Land, TX

#5 Oct 5, 2012
These jobs numbers are a total LIE......the jobs "created" are part-time, low pay, "throw-away" jobs that will suddenly "disappear" right after the election and the first of the year.(Been there, done that) On a personal note, I wanted to work for about 6 more years, in the Professional capacity that I have worked all my life to obtain through hard work and education ...... and then retire. Instead I took early retirement.....Millions upon millions of people are in the same boat that are my age. I am not sickly, nor was I planning to "give up" looking for work, however that plight has been foisted upon me by our wonderful GOOBERMINT. The jobs number is a TOTAL LIE, the GOOBERMINT just stopped counting people such as myself. I want to work, but there isn't a job over minimum wage in the state of Texas......the reason I know that is that my neighbors all have those types of jobs.......where $9.00 an hour, part time (slinging burgers and fries)is considered a very HIGH wage no matter what your education level or experience.....whoooppppieee.. .go and try to pay bills on that amount of money. In my neighborhood, everyone I know is getting food stamps. You people are being HOODWINKED by the GOOBERMINT machine. Companies are now being FORCED to hold back on layoffs right now just so Obama can get re-elected. Good Luck to y'all.......I'm droppin' out....Right after the first of the year......LOOK OUT.

Since: Nov 08

Location hidden

#6 Oct 5, 2012
I haven't seen the libtards this upset since.....actually they have never been this upset.
I heard that straightjackets are selling like crazy.
Makes sense

Dearborn, MI

#7 Oct 5, 2012
WhateverYouThink wrote:
These jobs numbers are a total LIE......the jobs "created" are part-time, low pay, "throw-away" jobs that will suddenly "disappear" right after the election and the first of the year.(Been there, done that) On a personal note, I wanted to work for about 6 more years, in the Professional capacity that I have worked all my life to obtain through hard work and education ...... and then retire. Instead I took early retirement.....Millions upon millions of people are in the same boat that are my age. I am not sickly, nor was I planning to "give up" looking for work, however that plight has been foisted upon me by our wonderful GOOBERMINT. The jobs number is a TOTAL LIE, the GOOBERMINT just stopped counting people such as myself. I want to work, but there isn't a job over minimum wage in the state of Texas......the reason I know that is that my neighbors all have those types of jobs.......where $9.00 an hour, part time (slinging burgers and fries)is considered a very HIGH wage no matter what your education level or experience.....whoooppppieee.. .go and try to pay bills on that amount of money. In my neighborhood, everyone I know is getting food stamps. You people are being HOODWINKED by the GOOBERMINT machine. Companies are now being FORCED to hold back on layoffs right now just so Obama can get re-elected. Good Luck to y'all.......I'm droppin' out....Right after the first of the year......LOOK OUT.
Here's the PROBLEM, the stock market believes the lie of the Dummycraps!!!! All we can do is try to cut more government jobs.

Stocks rally on drop in jobless rate to 7.8%
Adam Shell, USA TODAYShare

Story Highlights

Stocks rally as unemployment rate hits lowest level since January 2009

If rally holds, Dow could make new 5-year high

Lower jobless rate could help Obama's presidential chances

12:27PM EST October 5. 2012 - NEW YORK -- The stock market rally powered by a drop in the unemployment rate to 7.8%, its lowest level since January 2009, has the Dow Jones industrial average and S&P 500 stock index on pace to close at fresh five-year highs.

The stock market, fueled in large part by a Federal Reserve-powered stimulus, headed into Friday's trading session just shy of the bull market highs it notched in September. If its gains continue, benchmark indexes will close at new highs.

The Dow Jones industrial average, which is up 11.1% this year and at levels not seen since December 2007, blew past a new cycle high in morning trading. Similarly, the Standard & Poor's 500 index, which closed yesterday at 1461.40 is trading well above a new bull market level high.
Makes sense

Dearborn, MI

#8 Oct 5, 2012
All the bigots in Dearborn converted to Mormonism and moved to Arizona.
Makes sense

Dearborn, MI

#9 Oct 5, 2012
Rasmussen: Ohio Now a Dead Heat, Obama 50, Romney 49
Friday, 05 Oct 2012 01:36 PM

Read more on Newsmax.com : Rasmussen: Ohio Now a Dead Heat, Obama 50, Romney 49
Important: Do You Support Pres. Obama's Re-Election? Vote Here Now!
Mothra

Phoenix, AZ

#10 Oct 5, 2012
Makes sense wrote:
Anyone surprised the Dearborn bigot is a liar too?

Since: Nov 08

Location hidden

#11 Oct 5, 2012
After Obama showed the world what a phoney he is at the debate, "HIS GOOSE IS COOKED"

Since: Nov 08

Location hidden

#12 Oct 5, 2012
Makes sense wrote:
Rasmussen: Ohio Now a Dead Heat, Obama 50, Romney 49
Friday, 05 Oct 2012 01:36 PM
Read more on Newsmax.com : Rasmussen: Ohio Now a Dead Heat, Obama 50, Romney 49
Important: Do You Support Pres. Obama's Re-Election? Vote Here Now!
It's not a dead heat. Obama's reelection is dead meat.
"The Butcher of Benghazi Obama" has no chance of winning.
Makes sense

Dearborn, MI

#13 Oct 5, 2012
Don't shoot the messenger! I'm trying to help!

http://www.realclearpolitics.com/epolls/2012/...

“It's a Brand New Day”

Since: Feb 06

New Rochelle

#14 Oct 5, 2012
Sour Grapes...

Jack Welch, master of layoff and firing workers, is very much like Mitt Romney.

Like Mitt, Welch just drops statements, without any details, check, or proof.

Welch 'tweeted:'
"Unbelievable jobs numbers..these Chicago guys will do anything..can't debate so change numbers,"

asked for clarification,'Welch did not respond to a request for further comment on his tweet.'

That's the whole story. Welch's contribution to our news. His contribution to business is his "SEX STIGMATA" cult. Black belts for mutual mental masturbation. Great, Jack.
Follow Jack over the cliff, and out of Hamlin, tea-rats & neo-rats. BYE!

BUT, stockbrokers are nobodies fools, and they laugh up their sleves at over-the-hill Jack Welch's foolish, without any proof, off the cuff mispronouncement. They have their own sources.
The Stock market is up, on the new employment figures..

...SOUR GRAPES.

DEBT CODE RED

Denver, CO

#15 Oct 5, 2012
David Burge ‏@iowahawkblog

The last time jobs jumped this fast (Q2 1983) GDP growth was 9.3% and durable goods were +7%+.

I guess the BLS is saying we're either sliding into another recession, or experiencing the greatest sudden jobs boom in 30 years.

So the business survey says +114k jobs, the HH survey says +873k. Who you gonna believe, the BLS or the BLS?

According to BLS establishment survey (of businesses), 114k new jobs. According to HH survey, 873k new jobs- biggest economic boom since '84

If these jobs numbers are to be believed, I recommend investing in hair net companies.
DEBT CODE RED

Ottawa, Canada

#16 Oct 5, 2012
I REPEAT:

The last time jobs jumped this fast (Q2 1983) GDP growth was 9.3% and durable goods were +7%+.

OBAMA IS A LIAR.
gossamer

Warren, MI

#17 Oct 5, 2012
Your Liberal president sucked as a debater and lies about how this country is hurting.

So right before the election the unemployment starts to improve.

Yeah those 3/10 ths of a point is a real improvement.

What three people got a job for the Christmas holiday working for Walmart?

Since: Oct 12

Coral Gables, FL

#18 Oct 5, 2012
If anyone believes that these job numbers reflect a REAL drop in unemployment, I have a nice bridge I can sell you....

“It's a Brand New Day”

Since: Feb 06

New Rochelle

#19 Oct 5, 2012
DEBT CODE RED wrote:
David Burge ‏@iowahawkblog
The last time jobs jumped this fast (Q2 1983) GDP growth was 9.3% and durable goods were +7%+.
I guess the BLS is saying we're either sliding into another recession, or experiencing the greatest sudden jobs boom in 30 years.
So the business survey says +114k jobs, the HH survey says +873k. Who you gonna believe, the BLS or the BLS?
According to BLS establishment survey (of businesses), 114k new jobs. According to HH survey, 873k new jobs- biggest economic boom since '84
If these jobs numbers are to be believed, I recommend investing in hair net companies.
I was unable to find one fact in your assumptions.

SOUR GRAPES !

Since: Nov 08

Location hidden

#20 Oct 5, 2012
Mr_Bill wrote:
Sour Grapes...
Jack Welch, master of layoff and firing workers, is very much like Mitt Romney.
Like Mitt, Welch just drops statements, without any details, check, or proof.
Welch 'tweeted:'
"Unbelievable jobs numbers..these Chicago guys will do anything..can't debate so change numbers,"
asked for clarification,'Welch did not respond to a request for further comment on his tweet.'
That's the whole story. Welch's contribution to our news. His contribution to business is his "SEX STIGMATA" cult. Black belts for mutual mental masturbation. Great, Jack.
Follow Jack over the cliff, and out of Hamlin, tea-rats & neo-rats. BYE!
BUT, stockbrokers are nobodies fools, and they laugh up their sleves at over-the-hill Jack Welch's foolish, without any proof, off the cuff mispronouncement. They have their own sources.
The Stock market is up, on the new employment figures..
...SOUR GRAPES.
The stock market is up because they know that Obama is "OUTTA HERE" The Butcher of Benghazi will not prevail.

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