Jack Welch, conspiracy theorist, quits

[jms62]

Originally Posted by Danzig

It seems that for as long as I remember now that they have had to revise each months report downwards. Surely everyone would be better served to get an accurate report, rather than a fast one.

ftfy

[Rupert Pupkin]

Here is why Welch is extremely skeptical about the job figures:

http://online.wsj.com/article/SB1000...pinion_LEADTop

By the way, it is not unusual for people on both sides of the aisle to be skeptical of these reports. Back in 2003, Austan Goolsbee, former chairman of the Obama administration's Council of Economic Advisers, commenting on a Bush-era unemployment figure, wrote in a New York Times op-ed: "the government has cooked the books."

[jms62]

Originally Posted by Rupert Pupkin

Here is why Welch is extremely skeptical about the job figures:

http://online.wsj.com/article/SB1000...pinion_LEADTop

By the way, it is not unusual for people on both sides of the aisle to be skeptical of these reports. Back in 2003, Austan Goolsbee, former chairman of the Obama administration's Council of Economic Advisers, commenting on a Bush-era unemployment figure, wrote in a New York Times op-ed: "the government has cooked the books."

I think they do it to avoid panic and deepening of the recession. If they report the real numbers they are afraid people will go on lockdown with their wallets which will make things worse and cause more unemployment. That is just my 2 cents.

[Danzig]

Originally Posted by jms62

ftfy

Yeah, probably more accurate than saying 'for months'.