Welch Rage Quits Fortune, Goes to Murdoch

Well this is hardly surprising news. Jack Welch, former CEO of General Electric, has rage quit his position as a contributor to Reuters and Fortune after harsh criticism of his idiotic claim that the Obama administration had cooked the jobs numbers last week to help them politically.

Jack Welch has left our building, metaphorically that is.

Welch said he will no longer contribute to Fortune following critical coverage of the former CEO of General Electric, saying he would get better “traction” elsewhere. On Friday, Welch suggested that the Obama administration, calling them “these Chicago guys,” had manipulated the monthly jobs report in order to make the economy look better than it actually is just weeks before the election. Welch has been battered by criticism since making the suggestion on Twitter…

CNNMoney, which shares content with Fortune.com, ran a story on Friday covering Welch’s tweet. The piece said that even conservative economists thought Welch was wrong to question the jobs numbers. On Tuesday, Fortune.com ran a story detailing Welch’s record as a job destroyer. GE lost nearly 100,000 jobs during the 20 years in which Welch ran the company. “I never put myself out there as an employment agency,” Welch told Fortune.

Guess where he’s going? The Wall Street Journal, now owned by Rupert Murdoch. It’s only a matter of time before he becomes a major Fox News contributor.

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