Wednesday, October 10, 2012

Jack Welch: I Was Right About That Strange Jobs Report

My next tweet, on Oct. 5, the one that got the attention of the Obama campaign and its supporters, read: “Unbelievable jobs numbers..these Chicago guys will do anything..can’t debate so change numbers.”

As I said that same evening in an interview on CNN, if I could write that tweet again, I would have added a few question marks at the end, as with my earlier tweet, to make it clear I was raising a question.

But I’m not sorry for the heated debate that ensued. I’m not the first person to question government numbers, and hopefully I won’t be the last. Take, for example, one of my chief critics in this go-round, Austan Goolsbee, former chairman of the Obama administration’s Council of Economic Advisers. Back in 2003, Mr. Goolsbee himself, commenting on a Bush-era unemployment figure, wrote in a New York Times op-ed: “the government has cooked the books.”

Read the whole thing.

Posted via email from The Blue Pelican

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