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June 9th, 2011
11:37 AM ET

Clips From Last Night: Jack Welch on Sarah Palin: "She's a celebrity, not a politician"

Last night former General Electric CEO Jack Welch sat down with Piers Morgan for the hour to talk business, politics and how to "Keep America Great." Sarah Palin has been making headlines with her "One Nation" bus tour but would Welch support her if she ran for president? He says no: "I don't think she has the gravitas or the international depth." Welch said if you asked him a month ago who he thought could be president he'd say Mitt Romney but not anymore: "Everything I see Tim Pawlenty say in the last month appeals to me."

Piers also asked Welch about the culture of Wall Street...

Welch said he "couldn't handle that system of bonuses." Piers suggested Wall Street should not have received bonuses for five years. Welch said with a wink, "Let's not make it five years."

Welch also took your questions from our Facebook page. Mark Bradshaw asked, "How much money does he have on him right now?" Welch laughed and said, "Knockin' me off wouldn't get you too much."

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  1. Michael Boyce

    I've got only one question for you,Piers..Why not Interview The Bangles? They sure have plenty to say,and we fans would love to hear and see them! How's About it?

    June 9, 2011 at 12:12 pm | Report abuse | Reply
  2. RIC1946

    Jack, Jack, Jack. You should be bending over and kissing your spoiled []. Why? Well, for being born in a time when businesd men placed country and job growth here, 1st and, not, selfish greed! Just what kind of parents, spawned such and egotistical merchant of greed and mean! The kind that spoiled the rod and placed baby Jack 1st!~ You are what is wrong with America! You look for bottom lines. With out concern for country! Just what kind of man in one breath says, It's your duty to serve and protect America! And then, says it's unAmerican to tax, the profits made by corporations that depend on the freedom our children provided! Thae man is a disgrace to the idea of, Good Business Leadership!

    June 9, 2011 at 12:46 pm | Report abuse | Reply
    • superc125

      couldnt agree more...and all this global economy he kept talking about has done nothing for "OUR COUNTRY" but it has made al;l the other thrird world countries rich. Now we are being threatened buy them because this global economy has given them nuclear weapons and god only knows what else. It is time we the people take our country back from all the "Poloticians" that have ruined our country!!!

      June 9, 2011 at 8:58 pm | Report abuse | Reply
      • johnm

        I could not agree more. I am so disgusted with this gross example of what an American is it makes my skin burn.
        He is the lucky loser in the room , Bush JR – is the only one that beats this clown of a man. His 3 wives and the last one ( book writer ) is now giving advice ???????/ are you kidding me ??? ask the people that own his stock now/!!!!!!!!!!!!!!

        June 24, 2011 at 10:53 pm | Report abuse |
      • johnm

        He is a very vary bad man. He hates American and should be shown to the door of an old folks home.

        June 24, 2011 at 10:54 pm | Report abuse |
  3. suddenly awakened.

    sarah palin is a typical washed-up politician trying to relive past-glories well into her future.Palin muses time for another cup of tea at the party for more wannabe directives in my life as well as anyones else s because Sarah plays down and dirty she forever muses.

    June 9, 2011 at 12:47 pm | Report abuse | Reply
  4. superc125

    Global economy: all it has done is make the rest of the word rich so now t6hey have nuclear weapons pointed at us and they have all the jobs :global economy" has done nothing for the United States excecpt bankrupt "US"!!!!! Now I want to hear from your "cute little man" about this comment!!!

    June 9, 2011 at 12:50 pm | Report abuse | Reply
  5. on hallowed ground.

    You know its comical about Sarah Palins forever games-such as she doesnt say drill baby drill,anymore after the gulf of mexico s environmental tradegy. Her script writers have been in overdrive citing damage-control time and time again.Time for another cup of tea at the party sarah muses once again-riding away on a harley on training wheels for desperate pogey-points making one truly-wonder.

    June 9, 2011 at 1:01 pm | Report abuse | Reply
  6. Arne R. Jorgensen

    Interview with Jack Welsh sounded very inspiring with his talk of innovation. However an individual company that gets government welfare such as GE enhances their stockholders but puts the country into a hole as others in the country have to pay the bill in more taxes and devaluing of the dollar as the government prints more money for government handouts.
    Arne R. Jorgensen, PE

    June 9, 2011 at 2:35 pm | Report abuse | Reply
  7. Dennis

    Piers.... another refreshing and inspiring conversation with a Jack Welch..... Thanks for sharing the wisdom and insight.

    Suggestion please consider having a conversation with The Honorable David M. Walker Former Comptroller General of the United States under both Democratic and Republican administrations and now CEO of the Comeback America Initiative.

    June 9, 2011 at 2:46 pm | Report abuse | Reply
  8. Robert Weschler

    Piers Morgan, when are you ever going to stop throwing up softball questions to the self-aggrandizing corporate rationalizers like Jack Welch? Ever think to ask him first, how he thinks about how we should reduce the federal deficit, and then second, how he justifies his beloved General Electric not paying a dime in federal taxes?

    June 10, 2011 at 3:36 am | Report abuse | Reply
  9. Todd Goldberg

    The several mentions of Steve Jobs in this show made me want to hear you interview Steve Jobs, Piers! Maybe unlikely for him to be public and open but it would be great. Also agree with above suggestion to get David M. Walker for an interview.

    June 11, 2011 at 4:11 pm | Report abuse | Reply
    • Anitra

      What an awesome way to explain this—now I know eveyrhting!

      June 24, 2011 at 12:29 pm | Report abuse | Reply
  10. ski wokosky

    this guy is full of crap he and ge moved two large manufacturing plants from virginia and florida to mexico end of story

    June 11, 2011 at 10:11 pm | Report abuse | Reply
  11. susan

    Jack Welch is a symbol of what's wrong with corporate America. Didn't GE receive a over $1 billion in tax benefits in 2010 by using offshore tax havens?

    June 11, 2011 at 11:34 pm | Report abuse | Reply
    • Glenn

      Agree, Jack Welsh should be one of those guys in the hoosegow along with the rest of the crooks that ripped off the American taxpayer.. He's a good bull s____tter.

      June 12, 2011 at 12:28 am | Report abuse | Reply
      • Barbi

        It's much easier to unsedrtand when you put it that way!

        June 25, 2011 at 11:08 am | Report abuse |
  12. Glenn

    Ask Jack Welch what he make of the income disparity between the top 2% of the wealthy and the rest of Americans. What does he think of the U. S. turning into a plutocracy?

    June 12, 2011 at 12:26 am | Report abuse | Reply
  13. Steve Mumma

    Hi Piers,
    I really enjoy your show.The Jack Welsh interview was great! His answer about other countries have a "DIRECTION" was great. Your reply about America going in too many different directions is correct. My answer is simple. Of course if you look from the past, you will find that most of the correct answers are.It involves promoting marriage and families.Can you imagine how strong our country would be if our children from all were raised by both parents throughout their lives. And then our childrens children and so on....Of course I know that we are only human, but we currently say that divorce is okay. No wonder our society is in decay. The answer is simple, staying with your chosen mate is not always so simple, but it is the answer and it takes work to be great. If you want a "Great Marriage" (STAY IN THE ONE YOU ENTERED INTO) or don't get married until you understand that. It's about creating good stock. Once this country gets on this course and commits to staying in that direction, we will be the best and have the beast of everything including education.
    Love your show Piers, Keep up the great questions...Steve

    June 12, 2011 at 11:46 am | Report abuse | Reply
  14. steve touma

    Piers, you always complain about bonus money paid at GS, this is america, capitalism, not like socialism in uk and europe.

    June 12, 2011 at 3:26 pm | Report abuse | Reply
  15. Larry Brown

    Watched a rerun of this Welch interview over the weekend and could only shake my head. Mr. Corporate Republican thinks Tim Pawlenty's fanciful economic 'plan' is just swell, since it slashes personal income taxes for millionaires as well as corporate taxes. Surprise surprise. Of course, no pushback or follow up. It might have been mentioned that Pawlenty's 'plan' assumes 5% growth for ten years straight, an assumption even many prominent Republicans scoff at. If Mr. Morgan wants to do a 'serious' interview he might want to do his homework and stop lobbing softballs. On second thought, just stick to Donny and Marie, Mr. Morgan.

    June 13, 2011 at 10:21 am | Report abuse | Reply
  16. Hines

    And I was just wonedirng about that too!

    June 24, 2011 at 2:51 am | Report abuse | Reply
  17. Ron

    Welch portrays himself well – as an egomaniac. I'm a pro-capitalism guy, but Welch is full of it. He stripped jobs like crazy and moved much of it to Mexico – even before NAFTA. He's self-serving, and it looks like not just in his business side of life. This guy is a great example of what a real leader is not.

    July 17, 2011 at 8:01 pm | Report abuse | Reply
  18. Ge-rob

    What an egomaniac! Even when GE increased top-line's and funneled monies overseas into tax havens, they cut costs – combining or "leaning" operations and moving companies overseas – laying off thousands of workers in the process. And the stock continued to decline! He and his merry band of business leaders are nothing to look up too.

    August 22, 2011 at 3:26 pm | Report abuse | Reply

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