Thoughts of a second of Welch

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Jack Welch, the former GE CEO who gushed over Tim Pawlenty's Chicago economic speech and invited Pawlenty on "Squawk Box" this morning, has some political reservations:

“I’m concerned that his tax policy is too aggressive to win the national election,” Welch said after Pawlenty spoke on the show. “I love the plan, I love the vision, I love the exceptionalism idea, I love his background, I love what he’s done as a governor. I’m just afraid in the general election – no estate tax, his very low tax rates – it just makes the country say wait a minute, are the fat cats getting it again? We got to appeal to a broad independent voter in the middle."

Pawlenty defended the plan from criticism during his CNBC appearance, calling it "aggressive" and "aspirational," and arguing (as quoted by the Daily Caller): "The leader of this country needs to have a positive, bold, optimistic goal ... It's not like what they’ve done in the past where they cut taxes and raise spending. We’re cutting taxes and dramatically cutting spending as well."

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