BUSINESS
01/21/2013 02:56 pm ET | Updated Jan 22, 2013

Jack Welch On Obama's Inauguration: President 'Comfortable With High Unemployment'

He’s at it again. Jack Welch, the ex-General Electric CEO who gained notoriety last year for a tweet accusing President Obama’s campaign of cooking the jobs numbers, shared his thoughts on Obama’s second inauguration via Twitter Monday morning:

The U.S. unemployment rate is the same as it was when Obama first took office -- 7.8 percent, according to the Associated Press. But in the intervening years, the unemployment rate has shot up to as high as 10 percent as the nation dealt with the aftermath of the financial crisis. Though Obama didn’t directly address unemployment during his speech, he did touch on the jobs crisis and the plight of middle-class workers as well as the nation’s high deficit.

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