Posts Tagged ‘cooking the books’

Jack Welch Quits, Raising Jobless Numbers

October 10, 2012

Jack Welch Quits, Raising Jobless Numbers

Jack Welch is sticking to his conspiracy theory, no matter how much it’s debunked and ridiculed . The Bureau of Labor Statistics, he says, that bunch of technocrats long trusted by Wall Street, an outfit without political appointees, cooked the books and fiddled the September employment figures to give President Obama’s re-election campaign a mild boost. They must be lousy cooks, though, since the drop in joblessness was a measly fraction of one percent. Mr. Welch was much better at this kind of thing when he “managed earnings” as CEO of GE.

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