Newt Gingrich said former General Electric CEO Jack Welch’s contention that the Obama administration cooked the September jobs report numbers “rings true at a deeper level” because of the deep distrust of the president.

“It rings true at a deeper level, without getting into the conspiracy of it,” Gingrich said Sunday on NBC’s “Meet the Press.” “What’s interesting is you have a president who after four years — and by the way his last budget got zero votes in the U.S. Senate, not a single Democrat voted for his last budget.

He continued, “So you have a president of the United States so deeply distrusted by people like Jack Welch — who’s hardly a right-winger, I mean Welch is one of the most successful businessmen in America — that Welch instantaneously assumes this is the Chicago machine. I’m just — it’s worth looking at.”

After the September jobs numbers were released Friday showing a drop in the unemployment rate to 7.8 percent, the lowest since January 2009, Welch tweeted, “Unbelievable jobs numbers…these Chicago guys will do anything..can’t debate so change numbers.” Welch subsequently admitted he didn’t have any evidenceto back up his assertion, but told MSNBC’s Chris Matthews it “seems somewhat coincidental that the month before the election, the numbers go one-tenth of a point below where the president started.”

NBC’s Chuck Todd said the it was a “bad trend” that “Donald Trump and Jack Welch, rich people with crazy conspiracies can get traction”

Senior Obama campaign adviser Robert Gibbs, also a guest on the panel, denounced Welch’s “absolutely crazy” comments.

“I assume…there’s a number of people who believe the real unemployment report is somewhere in a safe in Nairobi with the president’s Kenyan birth certificate,” Gibbs said. “The notion quite frankly that somebody as well-respected as Jack Welch would go on television and single-handedly embarrass himself…it’s incredibly dangerous.”

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