COMMENTARY
Please Mr. Business Leader ... what role does the business community have in leading the world economy. Seems to me this is not something they are interested in at all ... not enough profit!

I am very disturbed by the double talk coming from business leaders ... and former business leaders. On the one hand they want the government to do things that make it easy for business to make money, and they want to accept government bail-out when the capitalist market economy goes into free fall as it did starting in 2007 ... and the want the government to do things to create more jobs while at the same time looking for excuse after excuse regarding job creation within their own business organizations.

Bottom line the Republican business leaders want government to help them, but see little responsibility for their failure to address not only the interests of their stockholders but all the other stakeholders in the society. If the Capitalist Market Economy was so great there would not be trillions of cash and billions in abject poverty and hungry. The system does not get resources where they are most needed. It is apparent in the high level of unemployment in the USA, but it is more than that ... it is the socio-economic crisis that affects almost half the people on the planet.

Where do things like health and education ... fixing potholes in the roads ... repairing bridges ... expanding infrastructure fit into the Jack Welch business model for society. The simple answer seems to be that they don't.

A value market economy can change a lot ... but the Jack Welch formula with singular focus on profit need to be displaced by leaders who understand that progress is when resources are being used to make value as well as profit.
Peter Burgess

Jack Welch: How I'd Fix The Economy ... from what he had to say in a CNBC talk show appearance.

Saying President Obama has 'shown no ability to lead,' former General Electric chairman Jack Welch gave CNBC his own three-part prescription Thursday for improving the U.S. economy.

Jack Welch Start with cutting 25 percent of current discretionary spending and 5 percent of military spending, which would save about $1.3 trillion over 10 years, Welch said. Then, freeze regulations until the current 9.1 percent unemployment level gets below 6 percent.

He also wants changes in entitlements, starting with means testing benefits. 'I shouldn’t be getting Social Security. I shouldn’t be getting Medicare benefits at the level I’m getting,' Welch said.

Obama's support for a millionaire's tax is 'a transfer payment. You take if from one pan, put it in the other. It doesn’t work,' he said. 'They are spenders. They believe government should do more. They don’t believe jobs come from the private sector. They believe government creates jobs,' he said.

Welch said he is backing former Massachusetts governor Mitt Romney among the Republican contenders for Obama's job in 2012.

'I want to take this administration out,' Welch said. 'They don’t understand how to create jobs...America is the greatest country in the world and we have everything going for us except a government that is not supportive of capitalism.'