On CNBC Tuesday, former General Electric CEO Jack Welch warned Republicans expecting big gains in the midterm elections this fall that they’ll “get a large shock.”
Citing improved economic indicators, Welch said, “I don’t think [the Democrats] are going to be wiped out,” and said he expects them to have enough votes in Congress following the election to move forward on other parts of their agenda, like cap and trade.
Here’s the video. (The relevant section begins at 14:45).