The Gripes of Math

  • Aired:  10/08/12
  •  | Views: 58,050

Former General Electric CEO Jack Welch feels and smells conspiracy in the steady, year-long unemployment decline coinciding with the presidential election. (5:12)

LCOME BACK, EVERYBODY.

BIG NEWS.

BIG NEWS.

THE NEW UNEMPLOYMENT NUMBERS ARE IN.

THE NEW UNEMPLOYMENT NUMBERS ARE IN

>> THE DRAMATIC DROP IN THE UNEMPLOYMENT RATE FROM 8.1% TO 7.8%

>> Jon: OH, MID GO.

8.1 TO 7.8.

THE SKIES ABOVE ARE PARTLY CLOUDY.

SO, LOWEST JOBLESS NUMBER IN NEARLY FOUR YEARS.

SEEMS LIKE WE'RE MOVING IN THE RIGHT DIRECTION OR TO PUT THAT ANOTHER WAY...

>> SOME PEOPLE ARE QUESTIONING THE ACCURACY OF THE 7.8% NUMBER THAT CAME IN FOR THE MONTH OF SEPTEMBER

>> THERE IS WIDESPREAD MISTRUST OF THIS REPORT AND THESE NUMBERS

>> DO YOU THINK THEY CHANGED THE NUMBERS?

>> DO.

I DO.

I THINK THERE'S A LOT OF MONKEY BUSINESS.

>> Jon: A LOT OF MONKEY BUSINESS HE SAID.

MONKEY BUSINESS.

TRUST ME, MONKEY BUSINESS IS NOT GOOD BUSINESS.

YOU CAN'T BE TRUSTING MONKEYS.

I ONCE HIRED A GROUP.

NEVER AGAIN.

IS THAT A BONOBO OR A CHIMP?

DOES ANYONE?

IS IT A CHIMP?

RIGHT NOW THERE'S A BONOBO BLOG GOING (MUMBLING).

WE HAVE RED, INFLAMED ANUSS, THAT DOESN'T LOOK ANYTHING LIKE US.

GOT TO BE CORRUPT POLITICAL MANIPULATION.

WHAT ELSE WOULD EXPLAIN WHY AFTER UNEMPLOYMENT HAS BEEN STEADILY DECLINING FOR THE LAST YEAR THAT NOW SUDDENLY RIGHT

BEFORE THE ELECTION, IT DECLINES A LITTLE MORE?

PLEASE!

I THINK WE KNOW WHAT'S GOING ON HERE.

>> WHAT ARE PEOPLE INTIMATING HERE, THAT THE BOOKS ARE COOKED?

>> WELL A LOT OF PEOPLE ARE SAYING THAT THE GOVERNMENT IS COOKING THE BOOKS HERE

>> I'LL TELL YOU THESE GUYS ARE SAYING THEY FEEL LIKE THEY COOKED THE BOOKS

>> Jon: IF YOU'RE COOKING THE BOOKS 7.8% UNEMPLOYMENT IS A

[BLEEP] RECIPE.

IT'S LIKE THE RADISH STEW OF JOBLESS NUMBERS.

IF YOU'RE COOKING, MAKE SOMETHING NICE FOR PEOPLE.

HEY, UNEMPLOYMENT IS 2.6.

EVERYBODY SAYS WE'RE ALL GETTING LAID.

CALL ME WHEN THE ALLEGATION COMES FROM SOMEONE WITH SOME FINANCIAL CREDIBILITY.

>> JACK WELCH TWEETING THIS JUST MOMENTS AFTER THE RELEASE OF TODAY'S JOB REPORT.

QUOTE, UNBELIEVABLE JOBS NUMBERS.

THESE CHICAGO GUYS WILL DOING ANYTHING.

CAN'T DEBATE.

SO CHANGE THE NUMBERS."

>> Jon: IF LEGENDARY FORMER CEO OF GENERAL ELECTRIC IS ALLEGING DISHONESTY TO THE BUREAU OF LABOR STATISTICS, YOU CAN SURE

HE'S GOT HARD CORE EVIDENCE

>> I HAVE NO EVIDENCE TO PROVE THAT.

>> Jon: OKAY.

BUT ISN'T HIS CERTAINTY DESPITE HIS LACK OF EVIDENCE HIS OWN KIND OF EVIDENCE?

>> I KNOW THIS.

THIS ECONOMY DOESN'T FEEL LIKE THE EMPLOYMENT IMPROVED TO THIS LEVEL

>> THESE NUMBERS DON'T SMELL RIGHT

>> Jon: THEY DON'T FEEL RIGHT.

THEY DON'T SMELL RIGHT.

THAT'S TWO OF THE FIVE SENSES.

JACK, HOW DOES THIS JOBS REPORT TASTE?

THAT WAS OUR ONLY COPY.

WE DON'T HAVE ANY REAL EVIDENCE.

HOW ABOUT IF YOU PRESENT YOUR LACK OF EVIDENCE

>> MAYBE IT'S A COINCIDENCE.

THAT THE MONTH BEFORE THE ELECTION WE HAVE A NUMBER THAT COMES OUT ONE TENTH BELOW WHEN THE PRESIDENT TOOK OFFICE.

FROM AN IDEOLOGUE DIVISION OF THE FEDERAL GOVERNMENT.

I DON'T HAVE ANY IDEA HOW THEY DO IT.

THEY'RE FILLED WITH ASSUMPTIONS, ERIC

>> JACK, I'M NOT A BELIEVER IN COINCIDENCES.

I DON'T THINK THERE ARE ANY IN LIFE.

>> Jon: NO COINCIDENCES?

YOUR LIFE MUST BE A CONSTANT SERIES OF UNSOLVED MYSTERIES.

INTERESTING.

IT RAINED ON THE ONLY TWO DAYS I HAD OFF.

OBAMA!

IT JUST MAKES ME WONDER IF THESE GOOD NUMBERS FROM THE B.L.S. ARE CLEARLY A CONSPIRACY, WHAT WERE THE EARLIER LESS POSITIVE

NUMBERS FROM THE B.L.S.

CONSIDERED?

>> WHEN YOU GO STRICTLY BY THE BUREAU OF LABOR STATISTICS NUMBERS, THERE ARE MORE PEOPLE ON UNEMPLOYMENT NOW THAN WHEN

OBAMA TOOK OFFICE.

A LOSS OF 1.7 MILLION JOBS UNDER PRESIDENT OBAMA.

THOSE ARE THE NUMBERS.

READ 'EM AND WEEP.

B.L.S..GOV

>> I'M NOT READING THEM AND WEEPING.

>> I'M READING THE NUMBERS SEE YOU ARE.

I'LL TELL YOU THIS.

RIGHT FROM THE BUREAU.

>> Jon: ONE MAN WITH TWO CONFLICTING POINTS OF VIEW.

OF THE SAME GOVERNMENT BUREAU'S NUMBERS.

CO-ENS DENSE OR COINCIDENCE?

WE'LL BE RIGHT BACK OR WILL WE?

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