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Jack Welch: Trump 'Will Show the World What Dynamism Looks Like'

Image: Jack Welch: Trump 'Will Show the World What Dynamism Looks Like'

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By    |   Tuesday, 15 Nov 2016 10:43 AM

 

Jack Welch, the former GE chief and a longtime Republican, said President-elect Donald Trump will prove that his vows were more than campaign bluster, suggesting the real-estate mogul will revitalize American business by disposing of overregulation and crippling tax burdens.

"Donald Trump will show the world what dynamism looks like," Welch said on Monday at the Discovery Leadership Summit, Business Live reports.

"I’m not sure there’s much wrong with business leadership, but there’s a hell of a lot wrong with political leadership,” he said.

Welch said eliminating red tape is the best way to foster business growth. "If we get the bureaucrats in Brussels and Washington out of the way, growth will improve. Brussels is a terrible place filled with buildings of bureaucrats; all they do is stifle," Welch said.

Trump will be a "can-do" president who would co-operate with other countries, Welch said. "We don’t want antagonism with other countries."

He said global conglomerates such as General Electric needed to "marry the heart and soul of a small company with the muscle of a big enterprise," Welch said. "Shred the bureaucracy every day. Keep it small in spirit, energy and enthusiasm."

For its part, the California Public Employees' Retirement System's chief investment officer advised the pension fund on Monday to prepare for "greater uncertainty and volatility" until U.S. president-elect Donald Trump and Congress implement their policy plans, Reuters reported.

Ted Eliopoulos told a meeting of the fund's investment board that Trump's plans would likely be “positive for growth and corporate earnings,” but “the devil will be in the details, and we don’t know the details.”

Trump has indicated he would prioritize a broad mix of policies, including tax cuts, infrastructure spending, the repeal or lessening of Dodd-Frank financial regulation, and changes to global trade arrangements. 

(Newsmax wire services contributed to this report).

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Jack Welch, the former GE chief and a longtime Republican, said President-elect Donald Trump will prove that his vows were more than campaign bluster, suggesting the real-estate mogul will revitalize American business by disposing of overregulation and crippling tax burdens.
jack welch, donald trump, world, dynamism
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2016-43-15
Tuesday, 15 Nov 2016 10:43 AM
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