Jack Welch On “Socialism”

By Justin Gardner | Related entries in Barack, Economy, History, Smart Things Said By Smart People

“I’m comfortable that the government has to step in when the free market gets off rail. The nice thing about our government, compared with France — everyone says we’re going to be France. We’re not going to be France. We go in and go out.”
- Jack Welch on ABC’s This Week this morning

And why is Welch comfortable with government intervention? Because he’s realistic. He knows what would have happened had the government not intervened.

Look, Republicans do themselves no favors by trying to redefine what socialism is and suggesting before Obama has taken office that he’ll be a liberal boogeyman who’ll take away our freedoms. Because that’s a bar set so low he’ll be able to walk right over it to solidify a very moderate, reasonable image.

This entry was posted on Sunday, October 26th, 2008 and is filed under Barack, Economy, History, Smart Things Said By Smart People. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “Jack Welch On “Socialism””

  1. gljunket Says:

    Exactly what has Obama done with any credibility to come anywhere near a “very moderate, reasonable image?” And with a Super-majority in the House and Senate led by Pelosi and Reid would provide any incentive for a President Obama to even care about a “very moderate, reasonable image?”

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