Jack Welch: I Was Right About That Strange Jobs Report

Note to Jack Welch:  questioning the motives and methods of the federal government will put you in the hot seat--even if you were once the CEO of General Electric.

http://online.wsj.com/article/SB10000872396390444897304578046260406091012.html?mod=WSJ_Opinion_LEADTop

Jack Welch Terminates Contract With Reuters, Fortune In Aftermath Of Infamous Tweet

As I've always said, when the money runs out, and when the all the minnows have been eaten, the sharks gobble each other.

http://www.zerohedge.com/news/2012-10-09/jack-welch-terminates-contract-reuters-fortune-aftermath-infamous-tweet

Jack Welch

The former General Electric CEO in a Bloomberg TV interview: "We are going to have increased taxes--and everyone will be taxed." He included companies, individuals, families.

Have a good July 4th weekend everyone.

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.