Jack Welch: Economy is not growing at breakneck speed contrary to Obama's BLS claims

[EdwardBaiamonte]

Jack Welch is senile.

No, just programmed, poorly. The chip in his empty skull has a limited number of responses.

brainless violent liberal without the IQ to respond with substance so is reduced to violence

 

[TheGreatGatsby]

* The economy would have to be growing at breakneck speed for unemployment to drop a half percent in two months.

The UE rate according to Gallup just fell .6% in less than 2 weeks. Jackass Welch is full of shit or the economy is growing at breakneck speed and the Right are simply lying about it.

Gallup Daily: U.S. Employment

10/9/2012 - 7.3%
10/8/2012 - 7.5%
10/7/2012 - 7.5%
10/6/2012 - 7.6%
10/5/2012 - 7.7%
10/4/2012 - 7.8%
10/3/2012 - 7.8%
10/2/2012 - 7.8%
10/1/2012 - 7.9%
09/30/2012 - 7.9%

You should click on your own link. Another 16.4 percent are underemployed. And in many cases, those people are worse off than the unemployed; because they are not receiving unemployment benefits.

 

[TheGreatGatsby]

He's a gasbag. Why anyone would think Jack Welch is relevant, I don't know..

Clearly, you are ignorant if you think that Jack Welch is irrelevant. He ran GM efficiently. No bailouts under his watch. Frankly, it goes beyond that. Many people think he is the most on the ball businessman you'll find.

 

[edthecynic]

* The economy would have to be growing at breakneck speed for unemployment to drop a half percent in two months.

The UE rate according to Gallup just fell .6% in less than 2 weeks. Jackass Welch is full of shit or the economy is growing at breakneck speed and the Right are simply lying about it.

Gallup Daily: U.S. Employment

10/9/2012 - 7.3%
10/8/2012 - 7.5%
10/7/2012 - 7.5%
10/6/2012 - 7.6%
10/5/2012 - 7.7%
10/4/2012 - 7.8%
10/3/2012 - 7.8%
10/2/2012 - 7.8%
10/1/2012 - 7.9%
09/30/2012 - 7.9%

You should click on your own link. Another 16.4 percent are underemployed. And in many cases, those people are worse off than the unemployed; because they are not receiving unemployment benefits.

Notice as soon as their bullshit is exposed by facts, suddenly the goal posts are moved. Jackass Welch said 7.8% UE was impossible, not the underemployment rate.

And contrary to your bullshit about part timers being worse off because they do not collect UE insurance benefits, assuming they are eligible for UI then PT work extends the time they can collect and increases their take home benefits by 20%.
Try again.

 

[elvis]

Jack Welch is senile.

you mean Chainsaw Jack ain't so sharp anymore?

 

[Annie]

* The economy would have to be growing at breakneck speed for unemployment to drop a half percent in two months.

The UE rate according to Gallup just fell .6% in less than 2 weeks. Jackass Welch is full of shit or the economy is growing at breakneck speed and the Right are simply lying about it.

Gallup Daily: U.S. Employment

10/9/2012 - 7.3%
10/8/2012 - 7.5%
10/7/2012 - 7.5%
10/6/2012 - 7.6%
10/5/2012 - 7.7%
10/4/2012 - 7.8%
10/3/2012 - 7.8%
10/2/2012 - 7.8%
10/1/2012 - 7.9%
09/30/2012 - 7.9%

So either Welch is right or everyone is missing the great economic news? Thus since the economic news isn't great, heh, even the stock market agrees with the in the past few days, Welch must be right.

 

[edthecynic]

* The economy would have to be growing at breakneck speed for unemployment to drop a half percent in two months.

The UE rate according to Gallup just fell .6% in less than 2 weeks. Jackass Welch is full of shit or the economy is growing at breakneck speed and the Right are simply lying about it.

Gallup Daily: U.S. Employment

10/9/2012 - 7.3%
10/8/2012 - 7.5%
10/7/2012 - 7.5%
10/6/2012 - 7.6%
10/5/2012 - 7.7%
10/4/2012 - 7.8%
10/3/2012 - 7.8%
10/2/2012 - 7.8%
10/1/2012 - 7.9%
09/30/2012 - 7.9%

So either Welch is right or everyone is missing the great economic news? Thus since the economic news isn't great, heh, even the stock market agrees with the in the past few days, Welch must be right.

Only to the CON$ervoFascist Brotherhood does "full of shit" means "right." You need a better Straw Man.

 

[TheGreatGatsby]

The UE rate according to Gallup just fell .6% in less than 2 weeks. Jackass Welch is full of shit or the economy is growing at breakneck speed and the Right are simply lying about it.

Gallup Daily: U.S. Employment

10/9/2012 - 7.3%
10/8/2012 - 7.5%
10/7/2012 - 7.5%
10/6/2012 - 7.6%
10/5/2012 - 7.7%
10/4/2012 - 7.8%
10/3/2012 - 7.8%
10/2/2012 - 7.8%
10/1/2012 - 7.9%
09/30/2012 - 7.9%

So either Welch is right or everyone is missing the great economic news? Thus since the economic news isn't great, heh, even the stock market agrees with the in the past few days, Welch must be right.

Only to the CON$ervoFascist Brotherhood does "full of shit" means "right." You need a better Straw Man.

You must've missed the part where Welch stated that no liberal or conservative economist predicted employment to go under eight percent.

 

[Toro]

The economy is not growing at breakneck speed. It's growing at a slow to moderate pace.

 

[TheGreatGatsby]

The economy is not growing at breakneck speed. It's growing at a slow to moderate pace.

Define growth. You could have a technical case. But I wouldn't be quick to agree with that at all.

 

[Toro]

Growth is expansion of GDP. What do you think it is?

 

[Misty]

Jack Welch is senile.

Jack welch is a financial genius.

 

[Misty]

Growth is expansion of GDP. What do you think it is?

GDP under Bush 3.5
GDP under Obama 1.7 down from 2.4.

 

[edthecynic]

So either Welch is right or everyone is missing the great economic news? Thus since the economic news isn't great, heh, even the stock market agrees with the in the past few days, Welch must be right.

Only to the CON$ervoFascist Brotherhood does "full of shit" means "right." You need a better Straw Man.

You must've missed the part where Welch stated that no liberal or conservative economist predicted employment to go under eight percent.

As you must have missed the part where I said it just goes to show how wrong those gasbags can be. BLS measured UE at 7.8% and Gallup measured UE at 7.9% for Sept. Gallup measures UE at 7.3% as of Oct 9.

 

[rdean]

It can't grow at breakneck speed. From 2001 to 2008, Republicans, The Chamber of Commerce worked to move millions of jobs to China. They are gone. The factories are gone. Everything needs to be built. This will take government, private industry and universities. Republicans don't understand. They hate education, hate government and think business will hire if you cut their taxes and deregulate them.

 

[geauxtohell]

So, let me get this straight, when the BLS had unemployment over 8 % for three and a half years, it was a national crisis.....

But when the number dropped below 8% for one month, they were "crooking" the numbers?

Damn you guys are stupid.

 

[TheGreatGatsby]

Growth is expansion of GDP. What do you think it is?

I'm no economist; or an amateur economist at best. But I know that GDP is only one measure of an economy. And speaking of GDP; it is usually going up (as money is usually being inflated). Therefore, it is the rate of GDP that counts. And GDP growth is sub par and has been. Therefore (when I consider the anemic rate of growth), I disagree with your assessment that "the economy is slowly growing."

 

[Politico]

Oldfart even if it were the CDZ there was no personal attacks by anyone. Gatsbys comments make no sense unless he believes free speech is bad.

I see. So your shameless attack to diminish Mr. Welch's person does not constitute a personal attack? Grow up. Also, nobody is threatening or countering your right to free speech hack.

When you tell me that voicing my opinion that people have the right to voice their opinions is wrong you are spittting in the face of everything America stands for. EVERYONE has the right to voice their opinions here. And anyone has the right to not agree. So take your crap somewhere else.

 

[Sarah G]

Jack Welch is senile.

Jack welch is a financial genius.

Obviously, you have very low standards.

 

[editec]

http://www.usmessageboard.com/econo...ontrary-to-obamas-bls-claims.html#post6136759

Jack Welch: Economy is not growing at breakneck speed contrary to Obama's BLS claims

http://www.usmessageboard.com/econo...ontrary-to-obamas-bls-claims.html#post6136759http://www.usmessageboard.com/econo...ontrary-to-obamas-bls-claims.html#post6136759

The BLS did not saay that the economy was growing at a breakneck speed.

Either Jack Welch is a liar, or the author of this thread is trying to make him one.