Oct 05, 2012 at 11:42 pm
I hesitate to weigh in on such foolishness—I’m a strong advocate of not shooting everything that moves—but this seems to have some legs. I was just on the Thomas Roberts show where they showed a clip (or maybe it was a tweet) of Jack Welch suggesting that the Bureau of Labor Statistics was cooking the books on the employment report to help the President.
As I said on air, “Jack Welch should be ashamed of himself.”
The BLS is an institution with tremendous integrity, and with very deep procedures and methods to ensure the most accurate and confidential collection, analysis, and reporting of data known to this or any other country. You want proof? Go the their website and find me one document among the hundreds of thousands up there that show any political leanings one way or the other—it’s all “just the facts, maam.” Then—and I’m talking to you, Jack—look at their survey methods and explain to me how they’re cooking the books—at what stage the fix is going in.
Welch is blowing smoke and speaking off the cuff out of pure ignorance.
To be clear, I’m not saying the numbers don’t have some error in them. These are statistical estimates, and in fact, the BLS is very careful to provide error margins for their data. I am very much saying that any errors are random, as with all sample data, and absolutely politically unbiased.
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