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Business

Former GE CEO: Based on Inauguration Speeches, Obama Appears ‘Comfortable With High Unemployment and Huge Deficits’

Jan. 22, 2013 2:04pm Erica Ritz

Former General Electric CEO Jack Welch Criticizes Obama for Not Mentioning Jobs Numbers During Inauguration

(Photo: AP)

Former General Electric CEO Jack Welch came out swinging against President Barack Obama yet again the night of the inauguration. Back in October, Welch was ridiculed for saying the administration may have manipulated jobs numbers ahead of the 2012 election, and yesterday his concern was once again unemployment.

“Inaugurals always magnificent…appears Pres. Obama comfortable with high unemployment and huge deficits..no serious mention,” he wrote on Twitter.

Inaugurals always magnificent…appears Pres. Obama comfortable with high unemployment and huge deficits..no serious mention

— Jack Welch (@jack_welch) January 21, 2013

The Huffington Post has consequently labeled Welch an “economic conspiracy theorist” along with Rush Limbaugh, Karl Rove, Donald Trump, Ron Paul and CNN’s Erin Burnett (apparently she said that Federal Reserve policies have caused the price of food and gas to rise).

The Huffington Post also notes that the unemployment rate, currently at 7.8%, is roughly the same as it was when President Obama assumed office. They do not, however, point out that the massive contraction in the U.S. labor force keeps the numbers lower than they would otherwise be.

Click here to read TheBlaze’s Becket Adams breakdown of President Obama’s first term “by the numbers,” which also includes an overview of the national debt.

The reaction on Twitter to Welch’s statement has been mixed. While 305 people have retweeted the note and 57 people have “favorited” it as of this article’s publication, there have also been some frightening responses.

One man, who apparently likes to write in all capital letters, told Welch to “drop dead” and that even with all his money, he is still a “racist son of a bi***.”

Content warning:

@jack_welch ,DROP DEAD OLD MAN,UR CLOSE 2 THE GRAVE,IF I WERE U, I WOULD SHUT THE FUCK UP AND PRAY U WAKE UP TOMORROW,UR MONEY WON’T HELP U

— Arnold Gold1 (@arnoldgold1) January 22, 2013

In fact, President Obama did touch on the jobs situation during the inauguration, but it was limited to broad, sweeping statements.

“We know that America thrives when every person can find independence and pride in their work,” he stated. “When the wages of honest labor liberate families from the brink of hardship.”

He also said: “We, the people, understand that our country cannot succeed when a shrinking few do very well and a growing many barely make it.”

–

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Comments (50)

Micmac
Posted on January 22, 2013 at 4:15pm
The Progressives believe that global warming is going to destroy the world, but printing money doesn’t devalue it. They can’t get anything right.
NoBama has NEVER cared about employment and budgets.

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deep6
Posted on January 22, 2013 at 3:57pm
I’m no fan of many of the social programs being created that are destroying the nation I fought for but if we were going to socialize anything that would help the hardworking members of the late great united states, I would socialize legal assitance. The legal system and the costs of conducting business in a system that we have already paid for has systematically created slaves for the system. I wonder how many fathers couldn’t buy Xmas or clothes for their children due to having to battle in court for their natural given rights to be parents…. Someone get a useless whitehouse petition together and I’ll sign the damn thing.

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- rawmilker
  Posted on January 22, 2013 at 4:09pm
  Is ARNOLD GOLD1 ENCINOM? hahahaha,….Obama’s big show. Remind you of anything?
  
  https://sphotos-a.xx.fbcdn.net/hphotos-ash4/379195_10152411632710048_887984192_n.jpg
  
  Report this comment
neverending
Posted on January 22, 2013 at 3:50pm
The ruthless thug is more then comfortable with all the numbers. The only thing he cares about is that he takes this country down and he and that moose live lives of luxury and the more extravagant the better. His arrogance goes beyond any levels ever seen before.

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- Questionman
  Posted on January 22, 2013 at 8:14pm
  Leave it to one racist to listen to a another racist!
  
  Report this comment
fastfacts
Posted on January 22, 2013 at 3:43pm
No Obama’s very comfortable with his liberal agenda. He spoke on it yesterday and today Karl Roves group spit out an ad showing how blatant it is. Check it out: http://www.thedailycandidate.com/video/2013/jan/crossroads_ad_inauguration.html

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lynnissmart
Posted on January 22, 2013 at 3:19pm
What could have been the greatest uniter of all time, turned out to be the greatest divider of all time..what a shame!

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LINKSTER
Posted on January 22, 2013 at 3:09pm
Our Constitutional Republic died a peaceful death on 11/6/2012 with the election of that murderous, lying, despicable human being. The communist motto ” Forward ” that resonated with so many ignorant Americans will plunge us into many years of darkness. The welfare dependent Americans, unions, and illegal aliens have chosen for the rest of us the dark path of serfdom.
” When you subsidize poverty and failure, you get more of both ”
” Unknown “

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- mash4077
  Posted on January 22, 2013 at 5:54pm
  well said.
  
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- honeydijon13
  Posted on January 22, 2013 at 11:59pm
  I am so glad I am a sane liberal
  never enthralled with the likes of Palin, West, Newt, Cain, Ryan, Santorum, Bachmann, Nugent
  and too many other whackadoodle to shake a butterfly net, at
  
  Report this comment
Snowleopard {gallery of cat folks}
Posted on January 22, 2013 at 3:08pm
All part of his plan for the fundamental transformation of the United States.

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- rawmilker
  Posted on January 22, 2013 at 4:17pm
  https://sphotos-a.xx.fbcdn.net/hphotos-ash4/379195_10152411632710048_887984192_n.jpg
  
  Report this comment
mcsledge
Posted on January 22, 2013 at 3:02pm
Obama doesn’t care about America. He is going to bankrupt this country and he doesn’t care. If you haven’t learned this by now, you need to pull your head out and smell reality.

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1FreeVoice
Posted on January 22, 2013 at 2:56pm
Entitlement reform is necessary, but people don’t really see the numbers… How about an APP that will let people view their own deposits and deficits.

lifetime deposits into social security…. into medicare… into medicaire part D
lifetime withdrals from s. security medicaire &medicaire part D
total balance/deficit to date_______

this years beginning balance ___
years expenditures _____ (click for itemized list)
new balance.______

deficit offset by – ______taken from your children’s social security retirement savings
( enter social security numbers)
______ amount left in their SS accounts (discounting IOU’s)
– _______ covered by taxes collected from other sources

bal. ________ added to the national debt,
to be paid with interest by your children and grandchildren

If people saw an honest accounting, how would it change the conversation?

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moreteaplease
Posted on January 22, 2013 at 2:55pm
Hey Arnold Gold…you Obama tit-lick, you may want to take a look at your profile pic “DUDE”. You ain’t no spring hippie anymore yourself and the summer of love has long since passed. And stop being the race baiter you claim conservatives are…you “hippiecrite”!

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TheEDGE
Posted on January 22, 2013 at 2:50pm
Comfortable with? More like thrilled with.

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thibx
Posted on January 22, 2013 at 2:40pm
oboma is a disgrace to our country. it shows how bad the educational system is that produce idiots. disgrace to God himself for people who proclaim to know him including preachers and vote for oboma. judgement starts in the house of God and i hope for the so called christians it starts soon.

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kdshell1
Posted on January 22, 2013 at 2:37pm
Obama is also comfortable with increasing confiscation of wealth, destroying the job creators (unless they collaborate with the Marxist elites) and increasing the number of poor sheeple (government slaves) and thereby their power base. Will property rights be far behind? How much of our wealth and property have collateralized the “loans” from China?

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RaydocX
Posted on January 22, 2013 at 2:35pm
too little, too late, Mr. Welch, your successor is quite happy with the current President, as well as the President of Iran, apparently.

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- Shasta
  Posted on January 22, 2013 at 2:55pm
  And your successor is quite happy with moving business to China and paying no corporate income tax here. Moreover, Immelt thinks the Chinese economic model (slavery) should be implemented here. When the economy crashes, we will all be slaves, living on what the government gives us. Yet the elite like Obama, Soros and Immelt will have carved themselves a comfortable environment for themselves, where they will have all the luxuries that we are not allowed.
  
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BlackCrow
Posted on January 22, 2013 at 2:31pm
Chicago radical communist thug who is now living BETTER than royalty Why would he care about the unwashed masses?.

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- woodyee
  Posted on January 22, 2013 at 2:40pm
  His unwashed masses weren’t silent when the unemployment rate was 4.5 – 5.0%, chimp-screaming at every opportunity about how we were broke and it was all Bush’s fault…
  
  I’m becoming convinced that Liberalism IS a mental disease, and I’m being convinced by LIBERALS!!
  
  Report this comment
- honeydijon13
  Posted on January 23, 2013 at 11:29am
  Welsh shipped more jobs overseas than anyone else except Romney.
  Now they see the results and blame Obama.
  Well isn’t that special.
  Republicans are just BLAMERS who expect America’s old and poor
  to pay for their mistakes and greed = cut social programs to pay the wars.
  
  Report this comment
Watcher1952
Posted on January 22, 2013 at 2:27pm
Arnold Gold….just another Chris Mathews with a tingle up his leg……Barack Hussein Obama is very comfortable with high unemployment and a deficit that is ever growing…….that’s a control measure……

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woodyee
Posted on January 22, 2013 at 2:25pm
Just heard on Rush – Nicholson recants, and apologizes for “thinking aloud” about leaving California over taxes. COWARD!!!!

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woodyee
Posted on January 22, 2013 at 2:20pm
Huffpo – leading the naked king in his parade, telling the people to observe the king’s new clothes. It takes an innocent little kid to tell the mob “The King Has No Clothes!”.

Now you know why the Left hates children, indoctrinating live ones,and uses their little corpses as shields and ladders…

Huffpo – telling it’s readers not to believe their eyes.

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Cavallo
Posted on January 22, 2013 at 2:19pm
Those few, like the CEO of Solyndra, bobo?

This is the new normal. High unemployment, anemic economic activity, high regulation, stiffing of entrepreneurial enterprise, high taxes, graft and favors as an institutional and singular path to wealth, massive debt, massive inflation, a permanent welfare class, and the use of the shrinking middle class as false evidence that there isn’t enough of all the previous items.

Welcome to bobo land, the era of the decline and death of American economic liberty and prosperity.

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- progressiveslayer
  Posted on January 22, 2013 at 2:57pm
  You summed it up quite well and if you watched that diatribe that passed for an inauguration speech,I could only watch very little because my stomach wouldn’t allow me to watch too much of it,you could feel the rage emanating from the Marxist maggot. It’s true he wants to lower our standard of living and he’s doing it and the idiots cheer him on,we’ll see how cheerful they are when the dollar collapses and they’re starving.
  
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Clownzilla
Posted on January 22, 2013 at 2:17pm
Jack Welch knew how to run a business. I LOVED his “Bottom 10%” strategy. Every year he would fire the bottom 10% of his work force. You constantly had to train and fight for your job which created an A+ workforce every year. People hated the guy for this but there were MANY employees that became better people because of it.

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13th Imam
Posted on January 22, 2013 at 2:17pm
DEMOCRAT accomplishments’ over the past 4 years

$ 3.50- 4.00/ gallon gas

4.24/gallon diesel

3.75/gallon fuel oil

Foodstamp sluts increasing by 50%

Unemployment at a new norm of 7.8%

Hey Arnold Gold1 As a Bammy slut, how does this work?

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- Shasta
  Posted on January 22, 2013 at 3:09pm
  And the labor force has been decimated under OBungler, making the real unemployment so much higer.
  
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AvengerK
Posted on January 22, 2013 at 2:16pm
Clearly Mr Welch doesn’t get it that ‘gay marriage” and climate change will fix the awful unemployment situation in this country and clear the deficit. Somebody please explain Obamanomics to this guy..sheesh.

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Fubared
Posted on January 22, 2013 at 2:14pm
Nice vitriol from the left guy following Welch’s tweets. Matches up with many of the trolls here.

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Gonzo
Posted on January 22, 2013 at 2:13pm
Sad but true, he is comfortable with it. He’s moved on to gay marriage gun control and climate change.

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raabhimself
Posted on January 22, 2013 at 2:12pm
I would like to point out that Obama did say a shrinking few will succeed and a growing many will not… does that statement worry anyone else?

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- woodyee
  Posted on January 22, 2013 at 2:27pm
  Got me worried, but not surprised.
  
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- LindaRuth
  Posted on January 22, 2013 at 2:38pm
  Everything he says worries me.
  
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- raabhimself
  Posted on January 22, 2013 at 2:51pm
  @Woodyee and Lindaruth
  
  I swear I have heard him say it before too… It’s like a plan that he has been laying out for quite some time… Like “I’m determined that people will have to stand in a bread line”… afterall, everyone is equal in this society, why shouldn’t everyone suffer…
  
  Report this comment

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