It's an interesting exchange to watch because Welch, who has financially supported countless Republican presidential candidates including Bush II twice, responds well to Obama. Others on the program who are also obvious Republicans are also responding positively towards Obama. For me it's very interesting to see such a warm response to a Democrat because after the interview, they go on to bash Hillary and Edwards.
Of course, considering the economic meltdown I don't necessarily think being hostile to Wall Street is such a bad place to be. It's undeniable that Welch was successful at GE but listening to him today, he seems like a leftover from a long-gone era and has no idea what the real world is about in 2008. He talks about job security and great benefits as though it's a few decades ago, big company or small. Obama was very good in the exchange and impressed me with his response to why Welch and business people should vote for him.
"The [U.S.] economy is strongest when it's working for everybody ... When people in the bottom and middle do well, everyone does well."
Barack said he seeks to "create a health care system that doesn't waste billions of dollars," as well as shape energy and security policies that garner public trust and peace of mind.
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