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Jack Welch: Just 3 Serious GOP Presidential Contenders
CNBC ^ | June 24, 2011 | Michelle Fox

Posted on 06/28/2011 5:11:04 AM PDT by ejdrapes

Jack Welch: Just 3 Serious GOP Presidential Contenders
Published: Friday, 24 Jun 2011 | 11:52 AM ET Text Size By: Michelle Fox

There are three real contenders in the race for the Republican presidential nomination, according to former General Electric chairman Jack Welch.

He thinks Tim Pawlenty, Mitt Romney or Jon Huntsman will top the GOP ticket in November 2012.

“Each of them has their pluses and minuses,” Welch said. “Only time will tell over the next six months of grueling campaigning” who will emerge as the better leader.

All are former governors. Pawlenty spent two terms in the Minnesota statehouse, where he was credited with tackling a $4.3 billion deficit. He has set an ambitious goal of boosting the US economy by 5 percent annually. His economic plan includes generous tax cuts for individuals and corporations and slashing government spending.

Former Massachusetts governor Mitt Romney has pushed his business experience when attacking President Barack Obama’s handling of the economy. During his one term as governor, Romney says he eliminated a $3 billion deficit without borrowing or raising taxes. He has promised to cut taxes, reduce government bureaucracy and create jobs, as well as cap federal spending at 20 percent of gross domestic product.

Huntsman, the last of the three to throw his hat into the ring, is the former governor or Utah and a former U.S. Ambassador to China. While he was the state’s chief executive, Utah was named by the Pew Center as the Best Managed State in America. The millionaire businessman has vowed to create jobs, streamline the tax code and work to keep the federal budget from being swallowed by entitlement programs and interest payments on national dept.

If Gov. Rick Perry, R-Texas, enters the race, Welch would also count him as a viable candidate.

Campaign promises aside, Welch said the most important thing the person occupying the White House needs to do is articulate a vision for the economy.

“Show the country why the vision is worth it,” Welch said, “and equally important, what’s in it for everybody to do it.”

That’s the bottom line of any business, and he thinks it applies to leading the country.

“People need to know where they are going, why they are going there and what’s in it for them to go there,” he said.

Right now, he doesn’t think the Obama Administration has shown the right leadership because it hasn’t clearly expressed where it wants to take the country. Instead, he thinks the administration has created a series of “piecemeal” initiatives that have created too much uncertainty.

For one, he believes financial regulation is a good idea, but he doesn’t think the Dodd-Frank law or other laws that were written “in the back room somewhere” are the answer.

He also thinks that for green energy to work, leaders need to invest in research and development while allowing drilling and power plant operations to continue.

Two other “piecemeal” initiatives on Welch’s radar are multilateralism, which he said hasn’t helped the situation in Libya, and the health care law. He questioned how millions of people will be added to the government health care rolls without a tremendous cost to taxpayers.

Welch was more sympathetic towards Ben Bernanke. He called the Federal Reserve chairman’s job “brutally tough.” Bernanke was a hero during the crisis, he said, and now he’s just trying to do what he can with the Fed to “keep things going.” But Welch does have his concerns.

“The question is, is money too cheap for too long and what will be the downstream implications of this easy money policy…going forward?” he asked.

As things stand now, we’re in the early stages of what would be a normal recovery, Welch said. But he emphasized the country has to have policies that “don’t scare us.”

“We want to be the most innovative, competitive country in the world—creating jobs and better lives for everyone,” he said.


TOPICS: News/Current Events
KEYWORDS: huntsman2012; pawlenty2012; romney2012
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To: Lakeshark

I totally agree with you Lakeshark. There are other serious candidates. This thread was about Jack Welch and his opinion.

He obviously does not like conservatives and does not consider thm serious contenders. Does not matter who, if they are considered “conservative”, Jack Welch does not consider them serious.

Do you agree with that?


121 posted on 06/28/2011 1:36:45 PM PDT by dforest
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To: indylindy

Let the record show it was a PDSer who brought up the Palins mudslinging.


122 posted on 06/28/2011 1:46:14 PM PDT by rintense (The GOP elite & friends can pound sand.)
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To: indylindy
He doesn't seem to like conservatives, although he did mention Perry if he decides to run and Pawlenty is not a total loss as a conservative (just boring).

I think one of his points is you need to be an ex governor to count, which is almost true.

I do believe he is right to exclude Bachmann, as she hsa no governing experience, nor does she have any legislative achievements, nor executive experience, virtually nothing of substance in her life story that prepares her for the presidency.

All hat and no cattle.

123 posted on 06/28/2011 1:50:35 PM PDT by Lakeshark (Thank a member of the US armed forces for their sacrifice)
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To: Lakeshark

If that is what you believe, then I accept your own opinion.

I guess that is why we have primaries.

My bottom line is immigration. We will see once they debate and campaign.

In the end, I will vote against Barack Hussein Obama. Because nobody can be as bad as he is.


124 posted on 06/28/2011 2:00:31 PM PDT by dforest
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To: Lakeshark
"All hat and no cattle. "

That pretty well sums up all the hats in and out of contention. All hats and no solutions.

125 posted on 06/28/2011 2:06:38 PM PDT by ex-snook ("Above all things, truth beareth away the victory")
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To: indylindy
In the end, I will vote against Barack Hussein Obama. Because nobody can be as bad as he is.

I agree with that.

This is a metaphor: I would rather have someone to go on the war path that actually has experience as a general.

It's not just my opinion that Bachmann has no achievement or life experience to show (or deal with) against the vitriol that will be thrown her way by the Obama billion dollar campaign. It's a fact. Please name one thing specific she has done or achieved if you can.

No one else has been able to so far........

126 posted on 06/28/2011 2:06:46 PM PDT by Lakeshark (Thank a member of the US armed forces for their sacrifice)
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To: Lakeshark

The difference between me and you is that I would take Bachmann, and even....Yes... Palin...before I would stay home or vote for Obama.

The sad part of this is that Obama is so bad, even Boris or Natasha could win.

and certain people know this.... which may explain why McCain was the 2008 nominee after the Bush bashing years.


127 posted on 06/28/2011 2:13:22 PM PDT by dforest
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To: rintense

Darlin’ you wouldn’t know a record if it was stuck in front of you. You are one of those who only see what you see.
LOL Why the heck are you so vengeful? Something not quite right abouut that. Especially after I complimented you yesterday on you writing expertise.


128 posted on 06/28/2011 2:26:34 PM PDT by dforest
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To: indylindy

Compliments aside, and I do appreciate it, but practice what you preach, honey. You’re the biggest offender and hypocrite there is. How do you come onto threads about Palin and cry about what others do when you do the exact same thing???


129 posted on 06/28/2011 4:57:52 PM PDT by rintense (The GOP elite & friends can pound sand.)
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To: indylindy

So you just feel the need to swoop in and put the Palin people in their place, esp. by spamming? You’re a gosh darn American hero!


130 posted on 06/28/2011 5:01:49 PM PDT by rintense (The GOP elite & friends can pound sand.)
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To: rintense

Whatever you say lady. I am sure that no matter what is rational, you will always think your are right.

Go ahead, but stop and think about what you are doing and how that is helping conservatives in general.

See I did it all in one post, I didn’t need a BS, I mean PS.

Have a nice evening, rinsetest.


131 posted on 06/28/2011 5:09:46 PM PDT by dforest
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To: indylindy
Go ahead, but stop and think about what you are doing and how that is helping conservatives in general.

Likewise.

132 posted on 06/28/2011 5:12:52 PM PDT by rintense (The GOP elite & friends can pound sand.)
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To: rintense

So, what other conservatives do you support and say you will vote for?

I will support any of them in the general. What say you?


133 posted on 06/28/2011 5:16:27 PM PDT by dforest
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To: indylindy
Some haven't declared, but...:

Palin, Bachmann, West, Cain, DeMint, Ryan

Iffy: Pawlenty

Don't trust: Perry

No way in hell: Romney, Newt, Huntsman, Huckabee, Paul

134 posted on 06/28/2011 5:20:18 PM PDT by rintense (The GOP elite & friends can pound sand.)
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