On the recordJune 13, 2011
Mr. President, I had the opportunity this morning to catch the CNBC program that had Jack Welch, former CEO of GE on, and I thought he made a number of valuable points. He is very worried about our economy. He believes we are facing serious troubles, and we need to take action to do something about it. As a corporate leader of great renown, one of the more respected corporate leaders in America at this time, he evidenced a real frustration at the lack of leadership this administration is showing with regard to our financial crisis. He said a number of things. One of them was classic leadership, classic thought by a manager, a man who has managed a very large corporation worldwide with many moving parts. He said we have to have a strategy, and we have no strategy. I think that is correct. I do not believe the American people sense that this country is able to articulate a serious strategy to confront the difficulties with which we are now dealing. He said everything needs to go through a screen, and in his opinion the screen should be what our strategy is and our strategy should be, in general, to create an economy that is productive, innovative, and growing; creating jobs, creating wealth, creating prosperity, and everything ought to be judged by that. One of the points he mentioned was drilling for oil and gas in America.…





