Welch Twitters Himself Out Of A Job

Former General Electric CEO Jack Welch has resigned from his post with Fortune magazine after criticism of his accusation the Obama administration faked a jobs report.

Welch famously wrote “Unbelievable jobs numbers..these Chicago guys will do anything..can’t debate so change numbers” to his Twitter account after the government released its September employment report. The report showed that unemployment fell from 8.1% to 7.8% for the month.

Welch resigned as a contributing editor at Fortune after being criticized for the tweet by the magazine’s managing editor.

July Jobs Report A Boon For Obama

The July Jobs Report issued by the U.S. government indicated 163,000 jobs were added to the economy in July, up from only 64,000 in June, and about 70,000 more than expected by economists. However, while the stock market rallied on the news, the number of unemployment claims also rose in July, offsetting the increase. Which is just more evidence that the stock market is an irrational nest of lunatics who have our economic destiny in their unstable and possibly psychotic hands.

California Governor Signs $5.5 Billion Rail System Into Law

California Governor Jerry Brown has signed a law passed by the state legislature to create the nation’s first true high-speed rail system. The initial $5.5 billion dollar segment will be the first phase of a system that will eventually connect the San Francisco Bay Area with Los Angeles.

Obama Changes Date Of Jobs Speech To Congress

President Barack Obama explains why he changed the date of his address to Congress about jobs.

President Barack Obama changed the date of his address to the U.S. Congress on the subject of jobs from September 7 to September 8 after House Speaker John Boehner (R – Ohio) complained the date conflicted with a Republican presidential primary debate.

“The debate is being held at the Ronald Reagan Library in California” a White House spokesperson said. “The President didn’t want to come into conflict with the Republican’s religious traditions – he believes in the separation of church and state.”

Thousands of Republican pilgrims will make the journey to the Reagan Library, where after the debate they will take part in the ceremonial sacrifice of civil rights and the traditional burning of the U.S. Constitution for “national security reasons”.