Friday, February 6, 2009

Jack Welch

Jack Welch, former CEO of General Electric, knows a thing or two about business. This morning, he commented on the stimulus bill proposed before the Senate for passage:
1) the bill should include components to CREATE jobs, not SAVE jobs.
2) the bill should address resuscitate the banking industry which is on cardiac arrest
3) the proposed bill is addressing the wrong priorities. He made an interesting comparison of the cardiac patient needing blood to flow through his body; yet, the bill proposes purchasing the patient a pair of shoes and a suit.

I think that is an apt metaphor. I believe the current bill does not include enough investment in infrastructure, and too much pent up pork--which will clog the arteries of the patient.

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