Tuesday, October 16, 2012

Labor Statistics Conspiracy

1st NW Quadrant: The Approval Matrix

By Jim Puzzanghera, Los Angeles Times - 
WASHINGTON — The unusually steep drop in the U.S. jobless rate just weeks before the presidential election has sparked howls of protest from some conservatives that the White House cooked the books to boost President Obama's chances.

The outcry began Friday morning on social media just minutes after the federal Bureau of Labor Statistics announced that the September unemployment rate had plunged to 7.8% from 8.1% in August.

Obama administration officials strongly denied any manipulation.

Still, the conspiracy theory gained traction early when Jack Welch, the widely respected former chief executive of General Electric, asserted on Twitter that the fix was in to give Obama a boost following what many analysts said was a poor debate performance Wednesday night.

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