BUSINESS

Jack Welch Denies Referencing White House In Jobs Report Conspiracy Theory Claim

10/07/2012 07:05 pm ET | Updated Mar 08, 2013

Former General Electric CEO Jack Welch denied on Sunday that he had accused the White House of manipulating the September jobs report to help President Barack Obama's reelection chances.

"Have never commented on White House in any tweets I can recall," Welch tweeted on Sunday.

Welch sparked a firestorm on Friday when he accused "Chicago guys" of manipulating the September jobs report. "Unbelievable jobs numbers..these Chicago guys will do anything..can't debate so change numbers," he tweeted Friday morning. Obama had debated Republican presidential nominee Mitt Romney two days prior, in a performance that was widely panned.

A number of prominent conservatives echoed Welch's conspiracy theory claims after the Bureau of Labor Statistics reported that the unemployment rate had fallen to 7.8 percent in September, the lowest level since Obama took office.

In fact, it would be effectively impossible for anyone with political motives to manipulate the jobs report, since government analysts use long-established statistical methods to arrive at the jobs numbers each month.

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