Former GE CEO Jack Welch went on CNBC's morning Squawk Box show for the first time today since his controversial tweet about the BLS manipulating labor statistics last month.
Welch commented on his incredibly stable earnings record at GE. "If I'm telling you a number 30 days before – I'm giving guidance – and I miss it, I ought to put a gun to my head!"
"Why would you miss estimates?"
Talking about shale gas, Welch said:
We have a chance in this country to make this the American century. This gas thing is huge. The gas and oil that we have found is in the first inning. It's like the internet in 1990. We're in the first inning of a great American century. Unless we get whacked [by regulation].
Warren Buffett saw Welch on CNBC and called in to the show. Buffett asked Welch a strange question about selling women's shoes in a reference to an old story that Welch apparently didn't remember.
Welch said he predicts either a very small Obama victory or a very large Romney victory in the presidential election vote tomorrow.
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