Piers Morgan Tonight: Jack Welch on Romney, Bain Capital

Joining Piers Morgan for a face to face interview, former Chairman and CEO of General Electric, Jack Welch offers his opinion on the state of the race for the White House, suggesting that Mitt Romney is uniquely credentialed for the job:

“He ought to talk about his qualifications, and private equity gives him incredible breadth of qualifications, along with being governor of a state and other things,” says Welch. “But I mean, without question, the idea of being embarrassed because you’re in private equity, is the silliest argument in the world.”

As the Romney-founded Bain Capital continues to surface as a campaign topic, Welch allows that the former Massachusetts governor may have made a strategic error:

I think making the job creation argument was not the smartest case to make,” says the guest. “But creating jobs that last, durable jobs, in a forward – quote – economy, that’s what private equity does.”