Posted on 11/09/2009 6:20:21 PM PST by bruinbirdman
Jack Welch, the former CEO of General Electric, blasted the Obama administration and Congressman Barney Frank this morning telling a banking audience that the Democrats’ actions to restructure the entire economy are “insane.”
“I hope that the New Jersey and Virginia governor’s race will put some realism into this administration,” Welch told an enthusiastic crowd at the Bank Administration Institute convention at Boston’s Convention and Exhibition Center. “I hope it will cause them to pause and not just jump into anything they encounter.”
Welch was referring to the races on Tuesday where Republicans bested Democrats, a sign some say that voters are unhappy with President Barack Obama’s handling of the country.
“I desperately want more thought so we don’t throw out some of the great things we have in this country,” Welch said to more than 1,000 bankers who watched the 73-year-old via video hookup. “Right now, Barney Frank has the floor. He can send us down paths that might be bad for us. That’s frightening. I hope the elections in those two states will slow the speed at which we are attacking climate change, financial regulations and health care. We can’t just pile up deficits and restructure the entire economy in 12-18 months. It’s not doable. It’s insane.”
wow
I wish he was back at the helm of GE. The viper they have now is a disaster for this country.
He wasn’t called Neutron Jack for nothing.
Bravo
One of the few American business leaders who not only owns a pair, but knows what they’re for.
I wonder what Welch thinks about GE’s current CEO, Jeff Immelt. It’s well-known that Immelt is a big Obamabot.
He’s right, it is insanity, but they don’t appear to care.
Yup...miss him
It’s about time some business leaders (and hopefully other professional leaders to follow) start to blast 0bozo and his insane policies to restructure America into a socialist nightmare. I cannot believe that business leaders are so anxious to pander & drink at the trough of 0bozo’s socialist poison. The only thing I can say is that is many of these so-called top execs (like Sam Palmissano from IBM, Bill Gates, any of the hi-tech CEO’s) are so socialist & globalist minded themselves that they actually WANT to see a complete restructuring of America. They are part of the ruling elitist oligarchy. We have got to overthrow this whole nightmare upper elitist cabal and start fresh over, with our U.S. Constitution as our ruling guide, not liberal activist judges & not socialist commie pigs in the WH (Obozo) or Congress (demoRATs).
Sent this to Immelt on the date shown. Sent a similar follow-up to Jack and Suzy Welch about two weeks later. Also sent copy to as many GE board members as I could locate. Received kind reply from only one of them.
TO: Jeffrey Immelt
April 21, 2009
My Dear Mr. Immelt,
My late father worked for GE for many years in the Apparatus Service Division out of Cleveland, Ohio (specialized in marine work) and was always proud of his relationship with a grand old American enterprise. You were growing up down there in Cinci at the time and, one could assume, were inculcated with those same traditional values my father developed growing up in Coshocton, Ohio.
My wife and I are long-time GE shareholders and have remained thus through the current tumultuous period.
But we have become concerned, indeed ALARMED, at recent events at GE, the most telling of which is your evident embrace of a man who is clearly hell bent on dragging America into some sort of fascist or socialist nightmare. And make no mistake — that is PRECISELY where he is headed.
My wife and I have both signed the “We Surround You” letter at the Free Enterpriser web site so I shant belabor the points already made therein.
I served in the USAF for four years between ‘62 and ‘66. One day in May of ‘62, I raised my hand and swore an oath to God to “...defend the Constitution of the United States.”
To the best of my knowledge, that oath had no expiration date and is still active.
I would respectfully ask you to reconsider your recent activities vis-a-vis what many out here in fly-over country consider to be aiding and abetting an enemy of that Constitution and the IDEA of America envisioned by the Founding Fathers.
If you do nothing else, pray about that and think about what your continued course of action portends for your kids, your grandkids and, more importantly to me, mine.
Dick Bachert
Since I sent this email — to which I received a polite and completely useless computer generated reply — things have only gotten worse as Obama has hoisted the flag of state/corporate socialism even higher up the pole. And the public outrage now bubbling over the top will, I fear, cost GE far more than Jeffery Immelt can know. I pray that America — THE IDEA — will somehow survive Obama. And I pray that an old and venerable firm like GE will somehow survive what I consider to be potentially death-dealing decisions by Jeff Immelt to throw in with the worst occupant of the White House in my 70 years.
Short video on what’s REALLY at stake here:
NOWHERE TO HIDE!
http://www.youtube.com/watch?v=dvqb_JcAK18
THIS JACKASS WAS SUPPORTING OBAMA INITIALLY! IDIOT!
Some of his business ideas are not too great, either.
If you think you can have a giant company where everything works perfectly, you are dreaming. Call it the MBA-la-la-land.
I hope he was saying Obama is an O.K. guy as long as he’s not in politics.
Let me tell ya, Jack Welch's GE was a lot more fun to own stock in than it was to actually work there. And Immelt was his personal choice as successor.
Welch's biggest problem is that since he retired from GE he hasn't known what to do with himself. Other than trading in his longtime wife for one half her age or thereabouts.
Welch was publicly against Obama before the election.
http://www.freerepublic.com/focus/news/2119118/posts
Amem. I am embarrassed to admit I worked for GE anymore.
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