Author Topic: JACK WELCH REFUSES TO BACK DOWN ON UNEMPLOYMENT NUMBERS IN FIERY EXCHANGE  (Read 303 times)

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Offline BlueStateSaint

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The best part is the last three words:  "WITH CHRIS MATTHEWS."

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JACK WELCH REFUSES TO BACK DOWN ON UNEMPLOYMENT NUMBERS IN FIERY EXCHANGE WITH CHRIS MATTHEWS

Posted on October 6, 2012 at 12:51am by      Jason Howerton

In a heated debate with MSNBC’s Chris Matthews, former General Electric CEO Jack Welch doubled-down on his claim that the Bureau of Labor Statistics survey released Friday, which showed a spike in employment and a drop in the unemployment metric from 8.1 percent to 7.8 percent, is bogus.

Welch explained his rationale to the MSNBC host:

“We had 600,000 government jobs added in the last two months. We had 873,00 jobs by a household survey — which is a total estimate — from 50,000 phone calls. Of those, 600,000 were temporary workers. Chris, these numbers are all a series of assumptions. Tons of assumptions. And it just seems somewhat coincidental that the month before the election, the numbers go one-tenth of a point below where the president started. Although, I don’t see anything in the economy that says these surges are true.”
When Matthews asked him if he had any evidence to prove his assertion correct, Welch admitted that he did not.

“I have no evidence to prove that, I just raise the question,” he said.

Somehow, I think I'd go with a guy who ran a multinational corporation with over 400,000 employees, over some idiot on the Left.

The rest, with the video, is here:  http://www.theblaze.com/stories/jack-welch-refuses-to-back-down-on-unemployment-numbers-in-fiery-exchange-with-chris-matthews/
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