Jack Welch: Obama Cooking the Books on Jobs
The U.S. economy added a net 114,000 jobs in September, while the unemployment rate fell to a surprisingly low 7.8 percent, a number former GE boss Jack Welch described as cooked up by the Obama administration.
The September jobs number brought the unemployment rate below 8 percent for the first time in about four years.
Total employment rose by 873,000 in September, following three months of little change, according to the Bureau of Labor Statistics.
“Unbelievable jobs numbers … these Chicago guys will do anything … can’t debate so change numbers,” Welch said on his Twitter page, referring to President Barack Obama’s performance in the first presidential debate earlier this week.
Other experts expressed similar surprise.
“It’s a little confusing, to be honest with you. The number of jobs created wasn’t that high but the unemployment rate came down and the participation rate went up a little bit, so it’s confusing,” said Ron Florance, managing director of investment strategy for Wells Fargo Private Bank in Scottsdale, Arizona, according to Reuters.
“All in all, it doesn’t change the trajectory of what the jobs environment has been really for the last year. We continue to increase jobs but not at a rate that is fast enough to significantly change the unemployment picture for American workers.”
Revisions to previous data showed hefty improvements as well.
August figures were revised up to 142,000 from 96,000, while July’s figures were revised up to 181,000 jobs created from 141,000.
“The unemployment rate is lower than when Obama took office while Romney will likely say the pace is still lackluster. Conspiracy theorists will go wild on these numbers,” said Omer Esiner, chief market analyst at Commonwealth Foreign Exchange, Reuters added.
“Overall, it is a decent report, but nothing to write home about. It does not shed much light on the real state of the economy.”
I am Obama and here is the truth since I stole the presidency in 2008:
Unemployment has risen from 7.8% to over 15% since Obama took office.
The real U6 unemployment rate is approximately 19%.
National debt has risen from $10.7 Trillion to over $15.3 Trillion – Jan 2009- Mar 2012 US Treasury Dept.
Obama has accumulated over $ 5 trillion dollars in debt in 4 years.
Gas prices have risen from $1.84/gallon to over $3.79/gallon – Jan 2009 to Mar 2012 ABC News
Foreclosure total 7.7 Million since Obama stole office – Jan 2009-March 2012, Realty Trac
One in 5 Homes are still under water.
A record # 46.2 Million Americans in poverty – Sept 2011 US Census Bureau
Record # 46.1 Million Americans receive food stamps- Feb 2012 Dept of Agriculture
Obama stated Water Boarding is Torture, now I am taking credit for killing Osama when waterboarding and other interogating techniques were used to obtain information to find Osama. Those techniques were used when George Bush was President but not under my watch. I killed Osama not Bush!
Obama is a Muslim, hates America, the U.S. Constitution and was born in Kenya.
Obama is a Socialist
According to The Wall Street Journal, when you add up what the government spends on entitlement programs – like unemployment benefits, food stamps, Medicaid and Social Security – those payments make up 66% of the federal budget!
In other words, well OVER HALF the money that the government spends is in the form of handouts… money that is taken from one segment of the population and redistributed to another.
But that’s not the whole story…
In fact, according to the Heritage Foundation, 152 million Americans – 49.5% of the population – paid NO federal income tax in 2009!
That means half the population is living off the other half!
How’s That Hope and Change nonsense working for you America?
Wake up America before it is too late. BO Does not work for America!
Vote for BO once and you were an idiot. Vote for him twice and you are a traitor to America.
Stop Lying to America BO, you are a Muslim and Homo.