User Tag List

+ Reply to Thread
Results 1 to 6 of 6

Thread: Jack Welch Calls BS On Unemployment Rate

  1. #1
    Points: 13,095, Level: 27
    Level completed: 50%, Points required for next Level: 455
    Overall activity: 0%
    Achievements:
    10000 Experience PointsVeteran
    Taxcutter's Avatar Senior Member
    Karma
    924
    Join Date
    Sep 2012
    Posts
    770
    Points
    13,095
    Level
    27
    Thanks Given
    2
    Thanked 201x in 141 Posts
    Mentioned
    1 Post(s)
    Tagged
    0 Thread(s)

    Jack Welch Calls BS On Unemployment Rate

    Jack Welch knows a good deal more thananybody in the Obama junta about economics. He clearly thinks the BLS claim of 7.8% unemployment is a lie.

    http://online.wsj.com/article/SB10000872396390444897304578046260406091012.html?m od=WSJ_Opinion_LEADTop

    Quote:
    “I sat through business reviews of adozen companies last week as part of my work in the private sector, and not onereported better results in the third quarter compared with the second quarter.Several stayed about the same, the rest were down slightly.”

    “…I doubt many of us know anybusinessperson who believes the economy is growing at breakneck speed, as itwould have to be for unemployment to drop to 7.8% from 8.3% over the course oftwo months.”

    “…the overall employment level, which is143 million people today, compared with 146 million people in 2007.”

    Taxcutter says:
    To be blunt the BLS numbers are aflat-out lie.

  2. #2
    Points: 27,913, Level: 40
    Level completed: 75%, Points required for next Level: 337
    Overall activity: 3.0%
    Achievements:
    Social25000 Experience PointsVeteranTagger First Class
    roadmaster's Avatar Senior Member
    Karma
    5434
    Join Date
    Dec 2011
    Posts
    8,609
    Points
    27,913
    Level
    40
    Thanks Given
    1,242
    Thanked 1,576x in 1,290 Posts
    Mentioned
    116 Post(s)
    Tagged
    0 Thread(s)
    It is a lot higher.

  3. #3
    Points: 425,700, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 2.0%
    Achievements:
    SocialOverdrive50000 Experience PointsVeteran
    Cigar's Avatar Banned
    Karma
    325509
    Join Date
    May 2012
    Location
    Wow, what next?
    Posts
    78,900
    Points
    425,700
    Level
    100
    Thanks Given
    4,088
    Thanked 12,268x in 9,778 Posts
    Mentioned
    1541 Post(s)
    Tagged
    1 Thread(s)
    This is the first time in history that the BLS decided to Lie!

    It's because Obama is Black

  4. #4
    Original Ranter
    Points: 46,245, Level: 52
    Level completed: 56%, Points required for next Level: 805
    Overall activity: 0%
    Achievements:
    Social25000 Experience PointsVeteran
    bladimz's Avatar Senior Member
    Karma
    9865
    Join Date
    Jun 2011
    Location
    Parkerford, PA
    Posts
    6,621
    Points
    46,245
    Level
    52
    Thanks Given
    2,439
    Thanked 1,497x in 1,146 Posts
    Mentioned
    335 Post(s)
    Tagged
    1 Thread(s)
    Give it up. Jack Welch's twitter comment was his opinion and lacking any link to factual information. What grew out of his tweet morphed immediately into an instant "Obama conspiracy". Very popular among the righties, but still totally unfounded.

    Tell ya what: I'm gonna tweet that "Jack Welch was totally, outrageously wrong and needs to be tested for dementia." (Is that 140 characters?) Does that make it true?
    Please note: verbage enclosed by < > indicates sarcasm

    "There's class war alright. But it's my class that's making the war. And we're winning it." - Warren Buffet

  5. #5
    Points: 19,430, Level: 33
    Level completed: 80%, Points required for next Level: 220
    Overall activity: 0%
    Achievements:
    SocialRecommendation Second Class10000 Experience PointsVeteran
    coolwalker's Avatar Senior Member
    Karma
    2069
    Join Date
    May 2012
    Location
    Norfolk, Virginia
    Posts
    2,642
    Points
    19,430
    Level
    33
    Thanks Given
    713
    Thanked 663x in 504 Posts
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Cigar View Post
    This is the first time in history that the BLS decided to Lie!

    It's because Obama is Black
    There you go again with the $#@! thing. Get over yourself and your color. American blood is red, not white or black. You are a racist and just won't admit it.



  6. #6
    Points: 26,390, Level: 39
    Level completed: 57%, Points required for next Level: 560
    Overall activity: 16.0%
    Achievements:
    VeteranTagger First Class25000 Experience PointsSocial
    waltky's Avatar Senior Member
    Karma
    5038
    Join Date
    Oct 2012
    Posts
    7,588
    Points
    26,390
    Level
    39
    Thanks Given
    1,568
    Thanked 1,515x in 1,209 Posts
    Mentioned
    38 Post(s)
    Tagged
    0 Thread(s)

    Red face

    If only the unemployment rate were the same for everyone...

    Unemployment Rate Drops Again for Government Workers—Hitting 4.2%
    November 2, 2012 - The unemployment rate in the government sector continued to decline in October, dropping to 4.2 percent, according to the Bureau of Labor Statistics.
    As recently as July, the unemployment rate for government workers was 5.7 percent. But in August that dropped to 5.1 percent, then in September to 4.3 percent, and then in October to 4.2 percent. The overall unemployment rate for October was 7.9 percent.

    Although the actual number of civilian federal government workers declined from September to October, dropping from 2,810,000 to 2,804,000, it has increased since January 2009 when President Barack Obama took office. At that time, there were 2,790,000 civilian federal workers.

    The total number of civilian federal government employees includes employees of the U.S. Postal Service, a federal agency that has undergone significant contraction in its labor force since January 2009. At that time, the Postal Service employed 728,700 people. In October, it employed 607,400, a decline of 121,300 employees.

    But the drop in employment by the Postal Service was more than made up by an increase in civilian employment by other federal agencies. In January 2009, the federal government employed 2,061,700 non-Postal Service civilian employees. In October 2012, it employed 2,196,600 non-Postal Service civilian employees, an increase of 134,900 employees.

    Source

+ Reply to Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts


Critical Acclaim
Single Sign On provided by vBSSO