'Awful Shock' Coming

Jack Welch on the economy, and the recent health care vote. During most of the interview he is fairly-retrograde on issues, particularly regulation and unions, but he bucks the corporate consensus and sees no big GOP win in November:

On CNBC Tuesday, former General Electric CEO Jack Welch warned Republicans expecting big gains in the midterm elections this fall that they'll "get a large shock."

Citing improved economic indicators, Welch said, "I don't think [the Democrats] are going to be wiped out," and said he expects them to have enough votes in Congress following the election to move forward on other parts of their agenda, like cap and trade.