Hurry and get you one of those Obama holiday season jobs
by John Nolte5 Oct 2012, 6:40 AM PDT390post a comment
As soon as ex-General Electric CEO Jack Welch fired off a tweet questioning today's just released "unbelievable jobs numbers," the media went into a frenzy talking about how "conservatives" were launching conspiracy theories. Well, that's handy for the media and the Obama campaign, but it's not just "conservatives" who are confused by a full 0.3% drop in unemployment when only 114k jobs were created.
CNBC is as confused as the rest of us:
Job growth remained tame in September, with the economy creating just 114,000 net new positions though the unemployment rate fell to 7.8 percent, the first time it has been below 8 percent in 43 months.
The report presented a slew of contradictory data points, with the total employment level soaring despite the low net number.
The falling jobless rate had been a function as much of the continued shrinking in the labor force as it was an increase in new positions.
On the air, CNBC seemed equally perplexed by the biggest one-time drop in the unemployment rate in 29 years!
ABC News' Chris Cuomo is also skeptical of the numbers:
#unemployment is at 7.8% in September. Except it really wasn't. It is much higher, w/ underemplyd and those who stopped looking. #notfixed
Jack Welch is right now on "Anderson Cooper 360" and just got torn up over his uncalled for comment. He has zero business making such an outlandish statement basically calling the Labor Dept a bunch of liars. This is the lowlife kinda crap the Republicans are resorting to because they're quickly going down the drain. Delete Governor Romney's obvious attitude during the Debate, things look very diferrent and by the way the challenger usually wins the first debate. I'm more interested right now in what the "fact checkers" find during their anaylsis. Governor Romney doesn't seem in good shape with his positions.