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Jack Welch: I Was Right About That Strange Jobs Report
WJS ^ | 10.09.12 | Jack Welch

Posted on 10/10/2012 6:06:28 AM PDT by Perdogg

Imagine a country where challenging the ruling authorities—questioning, say, a piece of data released by central headquarters—would result in mobs of administration sympathizers claiming you should feel "embarrassed" and labeling you a fool, or worse.

Soviet Russia perhaps? Communist China? Nope, that would be the United States right now, when a person (like me, for instance) suggests that a certain government datum (like the September unemployment rate of 7.8%) doesn't make sense.

(Excerpt) Read more at online.wsj.com ...


TOPICS: Editorial
KEYWORDS: alteredsource; elections; government; jobs; jobsreport; obama; twitter; unemployment
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1 posted on 10/10/2012 6:06:33 AM PDT by Perdogg
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To: Perdogg
Bureau of Labor Statistics

"We put the "L" in "BS."

2 posted on 10/10/2012 6:11:33 AM PDT by N. Theknow (Kennedys=Can't drive, can't ski, can't fly, can't skipper a boat, but they know what's best for you.)
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To: N. Theknow

The L in BS. Thanks for the laugh.


3 posted on 10/10/2012 6:17:30 AM PDT by bboop (does not suffer fools gladly)
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To: Perdogg

Making sense is not the intended objective of the now failing obama regime. Making hay while the sun shines IS one of their prime directives, but a strange sort of fodder that may only be consumed by trial lawyers and ambitious cronies who wish to share in the false prosperity of redirected cash flows.

And they want to keep the sun shining, even if they have to hook it up to every power plant in the Universe to supply the necessary energy to keep it burning by both day and night.

Regardless of the eventual bills that must be settled to pay for this brief extravagance.


4 posted on 10/10/2012 6:23:01 AM PDT by alloysteel ("You have attributed conditions to villainy that simply result from stupidity".)
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To: Perdogg

Sorry, Jack, but you’re getting no sympathy from me. Did you honestly expect to lie down with dirty mangy dogs and not get any fleas?


5 posted on 10/10/2012 6:24:11 AM PDT by ProtectOurFreedom
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To: ProtectOurFreedom

If you are referring to Welch’s tenure at GE, it ended over a decade ago.


6 posted on 10/10/2012 6:32:22 AM PDT by 1rudeboy
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To: Perdogg

The real question to me is, did Obama get a poll bump from the 7.8 number on Friday. And I think the answer is no.


7 posted on 10/10/2012 6:35:07 AM PDT by sportutegrl
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To: 1rudeboy
If you are referring to Welch’s tenure at GE, it ended over a decade ago.

Yep. I was there when he made his name -- "Neutron Jack" -- the people go, the buildings stay. If you want to know anything about getting people unemployed, ask Jack. He formed a team to clean out middle management. They did a good job, and when they were finished with that, he fired the team. All heart.

8 posted on 10/10/2012 6:42:32 AM PDT by imardmd1
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To: imardmd1
Would you be happier if he had “heart” but ran GE into the ground and had massive layoffs or went bankrupt?
9 posted on 10/10/2012 7:02:17 AM PDT by Durus (You can avoid reality, but you cannot avoid the consequences of avoiding reality. Ayn Rand)
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To: Durus

Well, his management methods did lay the groundwork for GE to make most of its money by financial manipulations, which ended badly in 2008. The stock plunged from the mid-40s to 5.88 in March of 2009.

His successors are reversing many of his policies, and putting capital into manufacturing while de-emphasizing GE Capital.


10 posted on 10/10/2012 7:11:46 AM PDT by proxy_user
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To: proxy_user
"...putting capital into manufacturing "

Yeah...in every country but the U.S..

The Kenyan must go.

11 posted on 10/10/2012 7:19:13 AM PDT by ex91B10 (We've tried the Soap Box,the Ballot Box and the Jury Box; ONE BOX LEFT!)
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To: imardmd1

I worked for GE in 1985. Back then their motto was “We have more money than God.” As the old saying goes “The day I was hired and the day I quit were the two happiest days of my life.”


12 posted on 10/10/2012 7:35:01 AM PDT by Terry Mross
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To: imardmd1

Wasn’t Welch the ‘father’ of overseas outsourcing when he was CEO of GE?


13 posted on 10/10/2012 7:35:12 AM PDT by duckman (I'm part of the group pulling the wagon!)
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To: imardmd1

I worked for GE in 1985. Back then their motto was “We have more money than God.” As the old saying goes “The day I was hired and the day I quit were the two happiest days of my life.”


14 posted on 10/10/2012 7:42:38 AM PDT by Terry Mross
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To: Perdogg
bottom line; this obozo administration has been caught lying so often and about everything that it has lost all credibility, assuming it ever had any. in comparison, Hugo Chavez also has no credibility of telling the truth and he was just reelected.
15 posted on 10/10/2012 7:58:42 AM PDT by drypowder
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To: Perdogg

“But I doubt many of us know any businessperson who believes the economy is growing at breakneck speed, as it would have to be for unemployment to drop to 7.8% from 8.3% over the course of two months.”

Bingo!


16 posted on 10/10/2012 8:12:25 AM PDT by mikey_hates_everything
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To: 1rudeboy
If you are referring to Welch’s tenure at GE, it ended over a decade ago.

And the annual Charlie Rose invitations with lots and lots of ego-stroking tight head shots (I call them "melon-head shots") with beaucoup cross-screening, ended not long afterward.

[GE supports Rose's show.]

17 posted on 10/10/2012 8:36:43 AM PDT by lentulusgracchus
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To: drypowder
Hugo Chavez also has no credibility of telling the truth and he was just reelected.

Yeah ..... something to think about.

Does anyone know if it was a straight election, or does Chavez have so much leverage over the process now, that nobody can even tell when he steals an election?

18 posted on 10/10/2012 8:40:21 AM PDT by lentulusgracchus
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To: ProtectOurFreedom

I am very happy to see Jack coming out about this even if he is late to the party. I’ll take all the support we can get. But, as you imply, I do feel the same way when I hear the likes of Jack and Mort ZUCKERMAN finally getting it. I’d always assumed they were better business men than I, but where were they 4 years ago?? Maybe their peers would have listened to them then. They sure weren’t listening to us!


19 posted on 10/10/2012 8:55:53 AM PDT by Dr. Pritchett
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To: duckman
Wasn’t Welch the ‘father’ of overseas outsourcing when he was CEO of GE?

Yes. He blew out his employees, and backfilled with H-1B's and "contract employees" who had no benefits, only contracts with human-slavery outfits -- what I call the "secondary employment" market, viz., jobs nobody would take if they could avoid them, but are "arranged" for them by the captains of the people-squashing industry.

Garry Trudeau (Jane Pauley's hubby) lampooned Welch extensively in his "Doonesbury" comic strip for his predatory employment practices. Welch probably has a museum-lit bust of Henry Clay Frick in his office.

A woman of my acquaintance had a contract joblet with a GE subsidiary. Or rather, she had a job with the slave contractor, which had a contract with the GE sub, GE Information Systems (GEIS). Anyway, she was expected and told she was expected to put in a certain number of "casual overtime" hours weekly (no ticket, no pay, no nothing) -- or else. Clearly illegal, but GE insulated itself using contractual relationships, relying on the deference courts pay even to contracts that are unequal and manifestly coercive, and the contractor assumed the risk of federal Wage and Hour Division enforcement actions.

20 posted on 10/10/2012 8:56:02 AM PDT by lentulusgracchus
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