Business

Former GE chairman Jack Welch defends jobs-report tweet

Former General Electric Chairman Jack Welch vigorously defended himself after coming under fire for suggesting the Obama administration manipulated recent jobs numbers. In a Wall Street Journal op-ed, Welch pointed out that a top economic adviser to President Obama once suggested the very same thing about the George W. Bush administration.

Welch came under fire from top Democrats and members of the media for questioning Friday’s unemployment figures reflecting a drop in the jobless rate to 7.8 percent in September.

“Unbelievable jobs numbers..these Chicago guys will do anything..can’t debate so change numbers,” he tweeted.

The tweet opened him to ridicule, with Obama campaign adviser Robert Gibbs saying Sunday that the notion was “dangerous” and that Welch had embarrassed himself. Welch also has since ended his columns with both Fortune and Reuters.

Welch, in his op-ed Wednesday, said if he could do it all over again, “I would have added a few question marks at the end … to make it clear I was raising a question.” But he said he’s “not sorry for the heated debate that ensued.”

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