Former General Electric CEO Jack Welch defended President Donald Trump against allegations of “flip-flopping” on many crucial issues.
Trump’s actions are “consistent, totally consistent” with his campaign platform promising jobs for Americans, the longtime Republican supporter said, defending Trump on CNN’s Smerconish on Saturday.
Trump has come under fire recently for appearing to change positions on top issues, shifting from campaign promises and statements he made while running for office.
Critics say Trump has changed his mind about China being a currency manipulator, the fate and integrity of Federal Reserve Chair Janet Yellen and the importance of the Export Import Bank.
Welch won't have any of that criticism.
“This flip-flop nonsense is ridiculous media blowback,” Welch told host Michael Smerconish.
“Remember, his platform was jobs, jobs, jobs, American, jobs. The things the media is beating him up for flip-flopping, that’s doing a smart thing, that’s jobs,” Welch said.
Welch also says Trump is “thriving” at the White House.
“He loves it,” said the 81-year-old. “He’s learning every day,” Welch said.
“I’ll tell you what, he was deeply into everyone, let’s do this, let’s do that,” said Welch. “I agree with that, don’t agree with that. He engaged staff, I mean a thousand of them and he was in there like he was a real player. I was overly impressed.”
Meanwhile, Newsmax Finance Insider Hans Parisis wonders just what investor reaction will be to the president's apparent policy reversals.
"It's not an overstatement for me to say that as far as Donald Trump’s policies are concerned, we witnessed a breathtaking “flip-flop” performance," Parisis wrote in his exclusive Newsmax Finance commentary.
"This is worrisome for investors because it casts doubt on the actual process about just how Trump and team crafts overall policy," Parisis explained.
"To me, Trump's decision-making process seems to be almost random," Parisis wrote.
"I think one of the big questions for financial markets and for long-term investors is: How do you handle these uncertainties about policy decisions? How do you cope and prepare as an investor amid this uncertainty? What happens if and when the next policy shock occurs?"
Etienne "Hans" Parisis is a bank economist who has advised global billionaires and governments on the financial markets and international investments.
(Newsmax wires services contributed to this report).
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