Jack Welch: Obama’s ‘Radical’ Energy Policies Are Wrecking The Economy

jackwelchGeneral Electric CEO Jack Welch thinks President Barack Obama’s focus on global warming is producing “radical behavior” that’s hurting the U.S. economy.

“You get an economy that won’t move,” Welch told CNBC’s Squawk Box Thursday. “You get ozone regs that are wacky.”

“You get a reduced military,” he said. “You can’t be sitting here with the real threat of a caliphate and ISIL … and talking about climate change.”

Welch said lots of regulations need to be repealed and taxes need to be cut in order to get the economy moving again. Welch also said, while he’s not a global warming skeptic, the “cost of doing it; it’s got to be more balanced.”

“In my view, it’s a massive deregulation. It’s all of the above. It’s deregulation. It’s [reforming] taxes,” he said. “What we’ve got is a habitualized low-growth environment.”

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    Amber

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    Jack Welsh is one of the most respected people in the USA so it is nice to see some common sense being expressed . Never in
    the history of the USA have the political class been so bullied ,bought and incompetent at a time when leadership is needed .

    $$ Billions wasted on a political reality show and goofy Presidential “highest priorities ” like the earth has a fever scam . Presidential candidates claiming they are going to “shut down ” fossil fuel ?
    Why not do a little test Hillary
    “shut down ” all fossil fuel use for 3 days and see what’s left of the economy and any idiots political future that supports that treason .
    Do things have to completely tank before they get fixed ? All roads leading to Washington DC should have big billboards that state ” Lobbyists Not Welcome ” . Go Home .

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    GR82DRV

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    This is an economy and a country that wants to bust out of the gates. Obama has been the the millstone around its neck. After eight years we have finally had an anemic recovery and Obama crows like[b] he[/b] made it happen. No, it happened in spite of his dismal economic leadership.

    Just imagine what we’ve missed as Obama fiddles and undermines this great country. Finally, we have the long sought ability to be truly energy independent and Lord O wants to trade it away in socialist carbon schemes.

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    Amber

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    Can’t agree more GR82DRV . Stop the subsidies to lobbyist’s and businesses that deserve to be gone would be a nice start .
    Betcha Bernie would even go for that .

    Return to some core values instead of the entitlement society polluting the culture .

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