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Even The Elite Are Conspiracy Wonks Now
There was a time when only fringe blogs and digital dickweeds would suggest the BLS data was anything but entirely above board. That time has ended!
Unbelievable jobs numbers..these Chicago guys will do anything..can't debate so change numbers
— Jack Welch (@jack_welch) October 5, 2012
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Yup now everyone on cnbs is calling massaged numbers
You dare question our numbers?
Relax.....the revisions come at about noon...by that time no one will care anymore.
Saying that numbers don't lie is like me saying that I have an eleven inch penis, you're just measuring it wrong.
Article 1, section 8 of the US Constitution allows the government to "fix the standard of weights and measures". At the end of the day, the government just fixes what it wants. In this case, they change the ruler with each measurement. The more and more I read the Constitution, the more and more I see that the document is actually the force behind the centralization of power of the plutocrats.
yup, art I, section 8 is chock full of zingers. wrap your noggin around this gem:
"To define and punish Piracies and Felonies committed on the high Seas, and Offenses against the Law of Nations;"
the U.S. as Global Supercop (as well as Judge, Jury & Executioner) was enshrined by the "Founding Fathers".
"Methinks the lady doth protest too much."
Labor Secretary Hilda Solis sure did bristle when questioned by CNBS's softball questions...
Naah. They would never lie to us, would they?
Don't blame the Founding Fathers for Barry's assassination drones. That section actually addressed a legit issue in the 18th century.
ask Steve Job or even better TIm Cook, you just holding it wrong...
That, or much like these bullshit numbers, you're trying to shove it up my ass..........
The numbers are measured by the 6' 2" penis in the white house...
One of the first things that my college statistics teacher told us at the was that figures don't lie, but liars figure.
Jack should know... he's offshored plenty of jobs...
ZH is Jack's raging bile duct!
That old fuck should know a little something about bullshit numbers. His multi-national conglomerate that makes clock radios, jet engines, mortgages and every product in-between miraculously hit the earnings estimate to the penny every quarter. Patently impossible. Fuck him!
not to mention a stock that has gone exactly nowhere in about 20 years, why is this guy trotted out as some kind of guru?
Because of several years without any federal income tax liability (thanks to a 900+ person tax/accounting department).
this over reach may just backfire big time....watch out that falling sound is the economy. and the markets. as even the most gullible say WTF.
BLS = Bureau of Lies and Statistics
SIX SIGMA BITCHEZ!!!
I don't believe anything from the government, but Jack Welch is a first class ass. Fuck his crony partisan bullshit.
Nice to see the elite turning on each other though.
when elite eats elite the end is near...pray that its not in the winter.
Jack must be reading ZH.
you should know jack you street thug give that stolen ge money back
Jack Welch's four kids support Ron Paul, maybe they woke him up
http://www.youtube.com/watch?v=RxNvLknHMSo
It's all calculated. PR work. Balance the image of the family.
Welch is a big-time Republican loyalist, so he's probably speaking out since he doesn't believe the numbers and he's ticked they're helping Obama.
How much has GE paid in taxes the last 20 years?
More insane is - GE debt is about $500bn.
How much has GE paid in taxes the last 20 years?
Easy, ZERO...........................
Even a better question, HOW many jobs have they offshored?.
I cannot find one thing made in America, by GE.
We bring good things to life..............................................of anyone but Amelicans!!!!
and what was GE Capital's bailout package?
Can we hurry up and get this election thingy overwith so we can move on to the next phase of the new world order?
The "Election effect" is getting a bit tiresome as the excuse for the behavior of the S&P, the fudged reports, the Fed Quotes, etc.
Post election, I am sure there will be some other "effect" cited as the reason for the lies, distortion and manipulations.
I can hardly wait.
"Post election"...run for the hills baby as all the repressed bad news finally oozes out.
Algos bearish on jobs numbers!
Algos bullish on jobs numbers!
Algos stop hunt on jobs numbers
3rd time is always a charm....
Holy pot calling the kettle black!
Dont forget oil the other day. Does this mean the fed will stop buying MBS now too? hmmmm.
There hasn't been an honest pol come out of the Land of Lincoln since Lincoln...and even he was suspicious.
Look for 5% to paint the tape on election eve.
Lincoln was a fascist, big government, state's rights crusher type that pulled a patriot act and smashed a lot of civil rights during the war. He really was a tool of the big bankers. I used to have a good opinion of the guy but you have to stand back and take a look at his body of work. the victors write the history books. sometimes you wonder how much different the world would be if Lee would have pressed on to DC after Bull Run Part I.
Tool of the big bankers? Lincoln told the Rothschilds to fuck off when they offered to finance the civil war around 20%, instead he issued soveirgn, debt-free money. He may be a lot of the things that you said but he wasn't a banker puppet.
Not a tool of the bankers. But certainly a tool of the industrialists.
Does history not show that the bankers had him killed over the greenback?
Which of course was devalued and left many in ruins...
Seccession was a disasterous decision wasn't it? State's Rights? That sure worked. The Confederate Congress couldn't agree on what color curtains to hang up while the war was being lost.
It was almost as disasterous as supersizing the central government and deciding that the Constitution's delegation of "limited and enumerated" powers meant "unlimited powers unless a court says otherwise."
Now then - let's all go down to the soda shop while this country turns into Mexico, shall we?
when do you think the last time Jack tapped his old lady was?
coming back from the bank with that stolen pension fund money after cashing in his ramped ge options
You can fool some of the people some time, but you can't fool all the people all the time!
We will have to wait and see if they have the nerve to stand by those numbers. U6 unchanged at 14.7%. Math is hard.
LOL!
It's very interesting how the different MSM outlets are handling this. From what I've seen, Bloomberg has been trying to Rah-Rah-Rah, Sis-Boom-Bah these numbers but their interviewees have been conservative in their enthusiasm, one wonk saying that "the numbers are good but manufacturing is lower, so that's troubling."
Local radio station here that I like to listen to actually discussed what we have known for a long time here at ZH-the massaging of numbers to a gelatinous mass and how the BLS doesn't count the people who fell into the abyss. They are still running pre-recorded spin commentary from the so-called experts, but at least this time around the hosts are questioning aloud what most of us are thinking.
But ... but ... Manufacturing is higher ... they're "manufacturing" hope. Hallelujah!! Can I get a witness???!!!
And they're building hope... or at least Hope Camps.
In the Hope Camps, you will have the right to say absolutely anything you like, so long as you aren't critical of the government, of Israel, or your shiny new RIFD chip.
I am Jack's festering gallstone...
I can't wait for the time when the elite finally acknowledge that the electronic voting machines are rigged.
Good luck.
Yeah, watch 'em raise the dead on election day.
Seeing that low-level operators that testify to this wake up dead, I think you'll have a long wait. Even though many understand the candidate choices are rigged, elections themselves are still somewhat sacred in the US.
First honest thing Jack has said in years.....
Welch... nuthin but a whiney senile old man even if he's right for once
now will everyone once and for all. .. when nov comes out. yawn and turn your tv off. its a non event. it will be rigged and its been all year. Your not gonna get a market on this and you should know this. in a perfect world every human trader will have a "trade out" until this circus is over. dont give them one fuckin penny until this rigged maniupulation stops! If trade you must trade the politics not fundamentals. Wall street is paying back obamma for not puting one handcuff on any of them. This has been obvious all year.
Mr Squelch trying to get some sympathy from the crowd here folks?
I can smell coward from 100 yards. Sorry squelch, you go along with bullshit an inuendo for years and now suddenly you call a spade a spade?
You low down coward, you lot are the worst, I fucking hate cowards.
Governments have to lie. If the truth was known, the politicians would be hung.
The world can no longer afford the global elite.
...
Reality is their illusion
Their fiction is the reality
Correction:
The world can no longer afford the GLOBAL MAFIA.
There's nothing "elite" about them - except maybe in their own fevered imaginations.
why can't these old fuckers(like him and Buffet,etc.) just die?
Otto here brings up a point a friend of mine made at meal we were having a couple of months ago.
We were on about illness and how (at least with the folk we were dining with) knew someone with cancer, or a friend with cancer or even a family member with the nasty disease. He said to me "funny how the royalty and the politicians have such a low rate of cancer mate isnt it?".
Now call me a nut job but the lad has a point. Think about it. Cancer is on the increase, but none of our betters, and to that extent I mean very high up people kick off at a young age. Not in comparison to the populace.
Take a look at phil the greek, he is nearing 100 years old and still managed a three day fuck about at the tax payers expense for his jubilee. Think about it, I know folks in their 60's who couldnt do half what old blue blood phil can. Strange aint it? And this old pearler wants to come back as an untreatable disease to wipe half the planet out as his gift to mankind. What a smashing old cunt he is eh?
Yes otto, why dont the fuckers just die? I wonder why they dont. Any ZHers know owt?
Lead poisoning mate. A rather nasty and cyclic little scourge. That and ghastly shaving nicks.
They can afford access to the "best health care system in the world".
It's probably got more to do with prevention measures in the ranks of the upper crust. e.g. stay away from the peasents food supply and take certain preventive pills....who knows
Perhaps truth is the last refuge of scoundrels?
Also,
Evil is dysfunctional... they war with themselves.
Different families/tribes within battling for control... the top tier families of the world.
So now even WHORES are yelling across the street at other prostitutes calling them WHORES!
Zackly...when you point your finger, you have 3 pointing back.
Trollop
Search for a job on Craigslist
How many "help reelect Obama" listings do you see?
Guess what - part time job! right before the election! no wonder the numbers are skewed.
spot on ! one "worker" three jobs:
1) Mondays,
2) Wednesdays,
3) and every other Saturday.
Now that employment has improved, is Ben going to stop printing as promised?
Long soup testers...
Long gold-leafed tinfoil hats.
and gold-fringed american flags.
Exactly. Anyone who is suprised by the new number needs to wake up. I've been telling everyone this was going to happen. I also believe it will continue to drop leading up to 11/2 (that's the date Michelle goes by).
We're all digital dickweeds now!
Jack Welsh is a pompous sycophant.
Jack Welsh is a pompous sycophant.
#this
I know one thing, the only "beat" that Jack Welch had on today's unemployment number is how many jobs the guy outsourced during his time at GE (where, BTW, he was CEO in 2001 when GE had to pay the SEC $50mil for cooking profit earning numbers).
What an asshat.
Keep flipping those burgers faster bitchezzz!!! Need some productivity here,to help the economy and buy more milk.
Oh, and there is no inflation either!!
This is just another example of Central Planning , how coincidental, jus a couple of weeks before the elections and jobs surge. The old soviet politburo could learn something here, or maybe it was the other way around.
As always, bullshit baffles brains!!!
This is rich coming from the master numbers fudger himself! Screw you, Jack Welch! He's a bigger part of the problem than just about anyone.
Jack needs to stfu...why is ZH carrying water for one of the elitist FED sucking trash that brings nothing but misery for profit to the planet?
He's a Romney supporter, so his tweets are just as biased as the data. I would ignore both of them, Jack will probably revise his tweet later anwyay.
Alan Krueger just defended the BLS and called such comments 'really irresponsible' on Bloomberg.
Jack Welch upset about u.s. jobs and cooking the books. Next is Hugh Hefner gonna tweet against too much promiscuity on tv?
Does Jack Welch operate a payroll processing company now?
ADP does, they have no incentive to fudge, and they have access to real payroll numbers, and more than enough of them for a good sample.
The ratio of the ADP number to NFP is about the same as it has been, in fact reported NFP is actually a little lower relative to ADP than it was last month.
So Jack Welch, one of the great business leaders of America is reduced to making unfounded conspiracy claims? It's really unbecoming of his status.
lol
LOL
Look for the 'loaves and fishes' boost in the polls after the 'jobs recovery' headlines.
Here's one you won't see:
"Debate bitchslapped Obama applies makeup to face."
To quote an email - "Obama got spanked like a four year old in Walmart".
When Repubicans fudge the numbers, it's always for a good cause, unlike these "Chicago guys". What an asshole.
That's pretty funny considering that there are a legion of Marxists "journalists" ready to pounce on anyone who even remotely approaches the truth or any facts, especially in public and especially republicans.....
hacksaw reynolds knows a little about negative jobs numbers - douche just like sandy weill
Fuck this poisoned dwarf. It's bad enough having to put up with Joe Kernan felating Welch once a month on Squawk Box - now I have to read his tweets on Zerohedge. Mind you, Welch is a past master at at massaging numbers so maybe he is onto something.
I thought Jack Welch was a digital dickweed. Shows what I know.
Last dose of positive news before collapse as noted a few days ago.
http://bullandbearmash.com/chart/standard-poors-500-hourly-october-03-2012/
It's going to be hell for many in the months and years to come. What an atrocious mess.
Jack only made one mistake. Jeffy Immelt.
Fuck it. I'm buying stocks and holding long term. I mean, get real guys. They control EVERYTHING.
... on a long enough time line the survival rate for everyone drops to zero. Beware.
Perhaps the Earth will outlast the market, but the market will outlast us. Who has the longer timeline?
Must be that new experimental BLS algo in play...works like a charm everytime...
U3, U4, & U5 are ALL DOWN .3% from Aug 2012 to Sept 2012 but U6 remains the same @ 14.7%??? Right.....................
http://www.bls.gov/news.release/empsit.t15.htm
Old saying: You can't bullshit a bullshit artist.
Jacky was just speedin' away...thought he was James Dean for a day...
Hit the road Jack and don't ya come back no mo'..
A little late to see the light now Jack. Government has been fudging numbers for years. Both the blue team and red team.
Shadowstats
Kesenian Unemployment mathmatics
NAFTA "Get the Jobs Outta Here!" Jack is right for once....
Then again - even a blind man can find a squirrel with a truffle in its snout, once in a while.
It's like I said. There will never be hyper-inflation in the United States as long as the government determines the CPI numbers.