USA can lead again via innovation - Jack Welch

Ateneo Innovation and Entrepreneurship

From Money News by Forrest Jones

Jack Welch told CNBC that USA can go back to its lost glory via innovation.  And if Romney wins.  Welch was former CEO of GE and brought back GE to its profitability and competitiveness.  He was remembered for the No. 1 and No 2 mindset.

Manufacturing hub has gone to Asia;  but innovation is from USA.

But according to Welch,  under Obama, regulations will  increase.  This could blunt innovations.

With half of Americans  of some form of benefits from the govt, with very few giving back into the system, how could there ever be reforms?  Asks Don Mitchell, economist of Cato institute.


"New ideas create more and better new products and services; create more wealth."