Topic - Jack Welch

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  • Former General Electric Chairman Jack Welch tweeted his skepticism five minutes after the Labor Department recently announced the unemployment rate had fallen to 7.8 percent in September from 8.1 percent the previous month. (Associated Press)

    Welch’s criticism of jobless-rate drop brings a backlash

    It may have only been a bit of bad-mouthing typical of fans rooting for their home team, but former General Electric Chairman Jack Welch stirred up a hornet's nest of criticism from fellow businessmen and professional economists when he accused the White House of engineering a big drop in the nation's unemployment rate just a month before the presidential election.

  • Romney adviser Ed Gillespie (NBC News via Associated Press)

    Romney adviser says jobless report 'damning'

    Senior Romney campaign adviser Ed Gillespie dismissed questions Sunday about whether the Labor Department's unemployment figures have been manipulated for political purposes, saying, "The numbers themselves are very damning."

  • FILE - In this July 30, 2011 file photo, Rep. Allen West, R-Fla. talks on Capitol Hill in Washington. Conspiracy theorists came out in force Friday, Oct. 5, 2012, after the government reported a sudden drop in the U.S. unemployment rate one month before Election Day. West agreed with former GE CEO Jack Welch's skepticism of the Labor Department's announcement that the unemployment rate had fallen to 7.8 percent in September from 8.1 percent the month before. (AP Photo/J. Scott Applewhite, File)

    Steep drop in unemployment rate spawns conspiracy

    Sasquatch might as well have traipsed across the White House lawn Friday with a lost Warren Commission file on his way to the studio where NASA staged the moon landing.

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