Jack Welch walked back his conspiracy theory ever so slightly in an interview with FOX News' Eric Bolling.
"It is ironic the assumptions came this way the month before the election," he said. "You draw your own conclusions."
He added later: "It's not because I'm -- as the Twittersphere likes to say, those who don't agree with me right now -- that I am old and senile...that's not what this is about, it's about asking questions. Does the economy feel like the employment's improved by 6 percent in the last 60 days?"
Welch referred to the BLS as an "ideologue division of government" but said it is "maybe a coincidence" that the unemployment rate fell to a lower rate than when Obama took office.
Bolling for his part, seemed to be much more on board with the job truther movement. "I'm not a believer in coincidences," he said. "I don't think there are any."
This post has been updated.