Jack Welch: “Mitt Romney, the best I have ever seen!” Gingrich’s Opus: “The Audacity of Capitalism”

Jack Welch is the former Chairman and CEO of General Electric. The 77 year old businessman gave what I think is the single best endorsement of Governor Romney that I have ever seen. This interview, given to Piers Morgan Monday night, is extraordinary on all counts. This clip is only 2:22 minutes in length, but look at the expressions, enthusiasm, and excitement! Rarely do you ever see a man pushing 80 this excited about anything. Literally every phrase and sentence ends with an exclamation point. The best part is at 1:50.

Following are just a few quotes by Mr. Welch from the interview. This video is extraordinary. Watch this short video clip ————————————>


Jack Welch, Former CEO of General Electric

“In this case, [Mitt Romney] really is perfect as a candidate for President of the United States, in these tough economic times!”

“As a presidential candidate, Mitt Romney is the best I have ever seen in the last 50 years!”

“Piers, you pick one person who is better than Romney!”

“You really can’t challenge my statement and pick a better candidate!”

“Look at his background!”

- – - – - SEE WHAT OBAMA IS UP TO BELOW THE FOLD – - – - -

Gingrich has completely lost it I think. Seriously! Quoting incessantly from The New York Times during the debate and in his townhall meetings? Gingrich and Perry are so desperate they are morphing before our eyes into the perfect Obama lemmings. Shills both. Maybe Perry and Gingrich are planning to co-author a new book titled, THE AUDACITY OF CAPITALISM. What do you think? I heard they have reached out to Obama’s publisher for ideas. Brilliant! Perry took the lead with the idea but Gingrich thinks himself smarter and told Perry he was his junior.

In all seriousness, I honestly believe that Gingrich has cast the dye for himself in history this week. As I have said many times in this forum, Gingrich’s peak as a presidential candidate was December 13th, his lucky day. Had he stopped speaking at that moment, he might still be in the hunt. I believe that Gingrich is allowing his wife and others to temper his temper while he expresses anger in the form of vengeance by spending millions in petty immaturity. In days to come, he will probably tell us again that he has matured since he now has grandchildren. Whatever goodwill he developed as Speaker of the House will soon be completely diminished by his base emotions in pursuit of revenge. The irony is that his rhetoric and actions will likely help Governor Romney’s candidacy as Americans are offended by Gingrich’s frontal attack of capitalism. It would not surprise me at all if we witness a backlash in the voting.

Consider that yesterday alone, at least 18 major news sources reported capitalism under attack by Gingrich or Perry or both. Extraordinary no matter how you cut it (see Jayde’s article below for greater detail of these). All 18 are listed here as follows:

Club For Growth’s Chris Chocola: “Newt Gingrich’s attacks on Mitt Romney’s record at Bain Capital are disgusting. … Attacking Governor Romney for participating in free-market capitalism is just beyond the pale for any purported ‘Reagan Conservative.’ Newt Gingrich should stop his attacks on free markets and apologize to Governor Romney for them.” (Club For Growth, Press Release, 1/9/12)


National Review’s Jay Nordlinger: “The last two presidential election cycles have revealed a stinking hypocrisy in conservatives: They profess their love of capitalism and entrepreneurship, but when offered a real capitalist and entrepreneur, they go, ‘Eek, a mouse!’ And they tear him down in proud social-democrat fashion. In the off season, they sound like Friedrich Hayek. When the game is on, they sound like Huey Long, Bella Abzug, or Bob Shrum.” (Jay Nordlinger, “Conservatives Vs. Capitalism,” National Review, 1/9/12)

· Nordlinger: “I fled the Democratic party many years ago. And one of the reasons was, I couldn’t stand the class resentment, the envy, the hostility to wealth, the cries of ‘Richie Rich!’ And I hear them from conservatives, at least when Romney is running.” (Jay Nordlinger, “Conservatives Vs. Capitalism,” National Review, 1/9/12)

American Enterprise Institute’s James Pethokoukis: “Romney’s career as a free-market capitalist? No apologies necessary.” (James Pethokoukis, “Romney Doesn’t Need To Apologize For His Bain Career,” AEI’s “The Enterprise,” 1/9/12)

The Washington Examiner’s Philip Klein: “[Romney’s] Republican rivals have now taken a page out of the left-wing playbook and begun to attack his successful business career. It’s nothing short of disgraceful behavior…” (Philip Klein, “In Defense Of Mitt Romney’s Bain Record,” The Washington Examiner, 1/9/12)

· Klein: “Romney’s rivals are engaging in the type of Marxist rhetoric that we’re used to hearing from Occupy Wall Street protesters, promoting an imaginary view of capitalism that exists only in Hollywood.” (Philip Klein, “In Defense Of Mitt Romney’s Bain Record,” The Washington Examiner, 1/9/12)

Investor’s Business Daily: “It was only a matter of time before Michael Moore would do a number on Mitt Romney and his private equity firm, Bain Capital. … But wait. That’s not Moore putting out this stuff. It’s Newt Gingrich. It’s Rick Perry. … All are taking shots at Mitt Romney for being a practicing capitalist. Capitalism is an economic system that, last we checked, all the Republican hopefuls heartily endorse. But lately they’ve been reading a script that sounds straight from the left wing of the Democratic Party.” (Editorial, “What If U.S. Government Got The Bain Treatment?” Investor’s Business Daily, 1/9/12)

Columnist Michelle Malkin: “With his incessant bashing of how the private equity industry works in the real world, Newt (along with Rick Perry) is morphing into an Occupy Wall Street zealot. … Incompetent non-Romneys have morphed into Michael Moore propagandists – throwing not just Bain Capital under the bus, but wealth creators of all kinds who take risks in the private marketplace.” (Michelle Malkin, “The Abysmal Incompetence Of The Non-Romneys,” MichelleMalkin.com, 1/9/12)

TownHall’s Guy Benson: “[T]his movie trailer from a pro-Newt super PAC … might as well have been ripped directly from Democrats’ perverse class envy hymnal.” (Guy Benson, “Palin: Democrats ‘Want To Face Romney In The General Election’,” TownHall.com, 1/9/12)

The Washington Post’s Jennifer Rubin: “Newt Gingrich’s decision, for the second time in the race, to echo the left’s anti-Bain, anti-capitalism themes against Mitt Romney is raising eyebrows. Ironically, it may boomerang, reinforcing Gingrich’s reputation as a destructive force and giving Romney some brownie points with fiscal conservatives.” (Jennifer Rubin, “Gingrich Is Up To His Old Tricks: Helping Democrats,” The Washington Post, 1/9/12)

· Rubin: “Gingrich’s decision to adopt the David Axelrod-Debbie Wasserman Schultz-Occupy Wall Street attack against Bain Capital has made conservatives more than a little queasy.” (Jennifer Rubin, “Gingrich Is Up To His Old Tricks: Helping Democrats,” The Washington Post, 1/9/12)

National Review’s Ramesh Ponnuru: “[Gingrich is] making himself radioactive. And it’s less and less clear that he’s operating on any rational understanding of his own interests, as opposed to gratifying his emotions.” (Ramesh Ponnuru, “The Question Of Bain,” National Review, 1/9/12)

National Journal Headline: “Capitalism Comes Under Fire In Republican Primary Campaign” (National Journal, 1/9/12)

National Review’s Avik Roy: “It’s been discouraging to read that many conservatives see Romney’s record at Bain Capital as a liability. For the truth is the opposite: Romney is a candidate uniquely suited to defending the role of free enterprise in the American economy.” (Avik Roy, “Romney Derangement Syndrome,” National Review, 1/9/12)

The Washington Examiner’s Byron York: “Targeting Romney’s business record is an enormous risk for Gingrich because in the past Republicans have approved of Romney’s success in the marketplace. Back in December, when Romney criticized payments Gingrich received from Freddie Mac, Gingrich shot back, ‘If Gov. Romney would like to give back all of the money he’s earned from bankrupting companies and laying off employees over his years at Bain, then I would be glad to listen to him.’ Gingrich ran into a buzzsaw of criticism from Republicans, who saw his remarks as questioning the very risk-and-reward foundation of capitalism. Gingrich had to beat a quick retreat.” (Byron York, “Gingrich Takes Big Risk In New Attack On Romney,” The Washington Examiner, 1/9/12)

· Headline: “Gingrich Takes Big Risk In New Attack On Romney” (The Washington Examiner, 1/9/12)

Boston Herald: “It’s fitting that Gingrich yesterday continued to attack Romney in a Manchester restaurant next door to the Obama campaign headquarters, because right now he’s the president’s best friend. His strategy of taking down Romney is right out of the Ted Kennedy and DNC playbook – casting Romney as a corporate villain who ‘looted’ companies and laid off workers.” (Joe Battenfeld, “‘Crybaby’ Gingrich Might Take GOP Down With Him,” Boston Herald, 1/9/12)

ABC News: “Democrats are giddy that the Republicans’ leading candidate is being attacked over his background as a businessman – by Republicans. … The irony is that Romney’s rivals in the GOP, which is typically considered the party that supports business, are criticizing him for his business leadership at a time when the economy is voters’ top concern.” (Matt Negrin, “Bain Drain: Romney’s Business Success Becomes A Debit,” ABC News, 1/9/12)

Miami Herald: “Are these attacks a great idea, or have these Republicans lost their conservative minds? After all, making the tough decisions and making money in a free market where jobs aren’t guaranteed are a cornerstone of conservatism.” (Marc Caputo, “The Bain Of Mitt’s Existence?” Miami Herald, 1/9/12)

Los Angeles Times: “The full-throated attacks on Bain and private equity reveals the desperation of Romney’s Republican opponents a day before New Hampshire voters go to the polls.” (Tom Hamburger and Alana Semuels, “In South Carolina, Romney’s Rivals Go After His Record At Bain,” Los Angeles Times, 1/9/12)
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“There are still people in my party who believe in consensus politics. I regard them as Quislings, as traitors… I mean it.” — Margaret Thatcher

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Obama's Evisceration

About Victor Lundquist:

Victor is a businessman working in the healthcare industry. He and his wife of 33 years have five children and four grandchildren. Vic has been blogging for Mitt Romney since 2007.
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4 Responses to Jack Welch: “Mitt Romney, the best I have ever seen!” Gingrich’s Opus: “The Audacity of Capitalism”

  1. marilyn says:

    No, Rush, Mitt is not the weakest candidate and I’m ashamed of you for repeating Democratic sound bites and for agreeing with them. Mitt is not the weakest candidate, he’s the strongest.

  2. marilyn says:

    RE: If the general election were held today, it would break down along highly partisan lines no matter who gets the Republican nomination. A large percentage of Republicans rally be hind any of the Republican nominees, though Romney does the best among registered Republicans with 90% of their vote. About nine in 10 Democrats pick Barack Obama over any of the Republican candidates. Independents show a preference for both Mitt Romney and Ron Paul over Barack Obama, though independents choose the President over the rest of the field.

    Mitt, you’re doing great. Steady as she goes. Can’t wait to vote for you in the general.

  3. Jayde Wyatt says:

    Vic, glad you posted the Welch’s interview with Piers. So good!

    Suzy Welch, a former Bain employee, offered great, positive insight on Mitt, too. Good stuff!

  4. Louis Deppe says:

    Excellent post. No one can argue that Jack Welch has probably been the strongest business leader of our time. Sorry Newt and Rick. His description of Mitt is very powerful. I hope this video get’s picked up in the media.