By Kate Linebaugh, The Wall Street Journal
After setting off a minor social media firestorm with a tweet suggesting the Obama administration had manipulated the September jobs report, Jack Welch wants to get one thing straight: He meant it.
â€œI wasnâ€™t kidding,â€ the pugnacious former CEO of General Electric said in an interview.
The 76-year-old retiree riled up the Twitterverse this morning with a tweet that said, â€œUnbelievable jobs numbers..these Chicago guys will do anything..canâ€™t debate so change numbers.â€
The tweet came after the Labor Department reported the countryâ€™s unemployment rate fell to 7.8% in September, the lowest since President Barack Obama was inaugurated in January 2009. Mr. Welch had set up his skeptical take with an earlier tweet Thursday night.
â€œTomorrow employment numbers for Sept. with all the assumptions Labor Dept. can make..wonder about participation assumption??â€ Mr. Welch wrote. He then added â€œat 7.9 it would be Chicago and labor Sec in action.â€
A senior Treasury Department official said Friday that any suggestion the figures had been manipulated for political gain is â€œsimply absurd.â€
â€œI am doing nothing more than raising the question,â€ Mr. Welch said. â€œItâ€™s fact-based.â€
To read more, visit: Â http://blogs.wsj.com/marketbeat/2012/10/05/jack-welch-i-wasnt-kidding/
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