, and of course, the founder of the jack welch management institute. uld just say jack. >> he likes plugging that. >> we need to plug -- >> which is booming, by the way. >> i know. >> we are employing 60 people too. we went from 0 to 60. >> and? >> and we have 350 students now. >> i didn't understand the potential, jack. someone talked about it like law school how expensive it is. and really it's not in the classroom. it's totally possible to be a great lawyer and ace the boards from doing it all on the internet. >> i'm telling you -- >> you can do it that way. >> ten years from now, this will be the most disruptive thing going. we are -- we went from 40 to 80 -- our surveys are incredible. the students are getting raises, promotions, they're paying $30,000 for mba, getting in 18 to 24 months. we're an mba school, 350 students, we'll be well over 600 students next year. >> that's a fast launch. >> it is really taking off. and people love it. you should see the mps scores in the 70s. >> what is that? >> where you would promote the school to someone else.

neil: jack welch was with me earlier. he was saying that the argument he made in the selection is and whom is defending whom but where this country goes. mentioning your opponent -- do you know we've gone? it's going to be more about that. you might like more of that. or this could be something for something much grander. the reagan aspect. >> yeah, and romney is a coward who refuses to come up there and say, my father gave me money and i gave it away. i make every dime i thought. that's what the american dream is. instead of breaking up his tax returns, which he should have done you should say i have had money and make it legally, i put it in the caymans and bermuda and other places. but it's legal. and if our president, if i had to stop, i would stop that. the one that's very bold. easy for you to say yes, i had money on that. >> the problem is, they don't know about it but that's worse. they are expecting that anyway. your point is taken about getting in your face about this. you might have it backwards in this debate.

i see you have jack welch on next.>neil:d he is supporting linda who is self financing but with people like jack welch you do not have to worry. thank you, charlie. and now, jack welch, mr. passion on something he says is noticeably lacking here. that is next. ney: this president cannot tell us that you're... better off today than when he took office. anncr: well... here's where we were in 2008... tv anncr: the worst financial collapse... since the great depression... tv anncr: american workers were laid off in numbers not seen... in over three decades. anncr: and here's where we are today... thirty months of private sector job growth. creating 4.6 million new jobs. . the president's plan asks millionaires... to pay a little more... to help invest in a strong middle class clean energy. and cut the deficit. mitt romney's plan? a new 250,000 dollar tax break for... multi-millionaires. roll back gulations on the banks that cratered the economy. and raise taxes on the middle class. presidenclinton: they want to go back to

laura ingram, rush limbaugh, before that jack welch, rupp.ng on this terribly run romney campaign. this morning, eric erickson coming on saying it is a terribly run campaign that is very significant. >> jennifer rube innocent "washington post," who has been very apologetic for the romney campaign previously, been sort of very helpful to them, she has -- >> jennifer rube reason one of the romney campaign's biggest apologists, no more. it seems like the wagons have stopped circling. and no longer do you have a lot of conservatives blaming the pollsters or saying we are losing because the media is liberal. i mean, reagan could have used that one. so, what's going on in camp romney? >> how about let's look at the actual race. yes, the president is ahead, but it's not like it's a landslide, not like he is blowing romney away. so here you have this completely sort of hand-wringing, knife fighting, infighting, i can't believe the stuff that went public to politico, including somebody giving a draft speech excerpt that they wrote for romney and leaki

life and times of jack welch. all this fuzzy stuff around mbas.the basics so i can do my job. >> i wonder if it doesn't have something to do with the high price of those mbas and people saying if i have's got to pay $52,000 a year for two years, $100,000, i'm glad to make that on my own. >> exactly. >> the winklevoss twins, those harvard boys who famously lost control of facebook and they were not very happy about it. they're sinking some of their proceeds into the $65 million settlement that they did get into what else? a harvard start-up. i know you guys have an opinion on this. >> i just can't wait for the reality show. it is inestable. these guys just bought an $18 million mansion in hollywood hills. infinity pool. perfect for filming. yet this business is in new york. his qualification, he said in the journal article was i used to build legos when i was a kid so i like building things. >> this is a social networking about stocks. right? >> yes. >> i don't know, isn't that cnbc.com? >> and a lot of other places. >> exactly. >> good luck to the

people as smart as jack welch, the former ceo of general electric saying china could shrink to 5.6% growthmost countries but only about half what we used to expect from the people's republic of china. especially when japan considers to be on the verge of banning chinese goods and europe seems to have stalled out entirely. political systems is a mess. we don't even know who is running the show over there. funny thing, when everyone has decided to write off china, maybe you need to take a second look, see if the judgment is premature. last week i was struck by comments made by mike sutherland on the show, a major exporter of mining machines to china and a company with huge after market business repairing and replacing parts for existing machines. sutherland told us that china after a dramatic decline in electricity use this year has now seen two months of stable production. i almost fell out of my chair. the electric figure runs totally against the grain, including some of the reports we just got from fedex. we know that much of the data coming out of china comes direct from the communist pa

jack welch figured out, a very smart guy, figured out if you send jobs to china and you don't have to have people in america making a decent wage doing the same kind of work, as a result, we don't have jobs. we used to have a recession and you'd drop buying underwear because you didn't have money and you found a job and start buying underwear. now the underwear comes from china, jeans come from china, sneakers come from chine use and i dare say even this guy's brain might be outsourced because he offers no solutions whatsoever. host: we'll leave it there. guest: you raise good points on criminal justice and the higher percentage of blacks than whites in the prison system. i'll leave that to my colleagues who are experts in that issue area. you're probably right, and we should address that question. the civil society is broken for a lot of reasons, one of which you mentioned, which is the financial problems and not getting enough deductions or so forth or contributions from people who have the money. but if you simply look at the number of organizations that used to be there all across

. >>> next week on "squawk box," we have jack welch, jim chano, mohammed el-elian and jan vatzios.ek for the interviews you can't afford to miss. at optionsxpress we're all about options trading. we create easy-to-use, powerful trading tools for all. look at these streaming charts! they're totally customizable and they let you visualize what might happen next. that's genius! we knew you needed a platform that could really help you elevate your trading. so we built it. chances of making this? it's a lot easier to find out if a trade is potentially profitable. just use our trade & probability calculator and there it is. for all the reasons you trade options - from income to risk management to diversification - you'll have the tools to get it done. strategies. chains. positions. we put 'em all on one screen! could we make placing a trade any easier? mmmm...could we? around here, options are everything. yes mom, i'll place a long call to you tomorrow. i promise. open an account today and get a free 13-month eibd™ subscription when you call 1-888-280-0154 now. optionsxpress by charles s

and yesterday jack welch kept saying why 2016. romney's assessment of obama supporters and a secretly recorded meeting of a hedge fund guy during a private fund-raising earlier this year still causing problems for his campaign it says here. but now republicans are firing back accusing president obama of trying to redistribute wealth, using a 1998 recording of then senator barack obama talking about make government more efficient at a loyola university chicago conference. check it out. >> i think the trick is figuring out how do we structure government systems that pool resources and hence facilitate some redistribution. because i actually believe in rediss friday abuse. at least at a certain level to make sure that everybody's got a shot. >> he said some years ago something which we're hearing about today on the internet. he said that he believes in redistribution. >> governor romney and congressman ryan would redistribute wealth for tr middle class families to the wealthiest americans. >> i didn't know they wanted to do that. i g

we appreciate you joining us rm tomorrow we've got the great jack welch to come in. he may need to come in and talk to you about the whole mitt romney thing. >> to me? >> yeah. >> to me? what about becky? >> he likes becky. make sure to join us on "squawk on the street" next. >>> good morning. welcome to "squawk on the street." i'm melissa lee along with carl quintanilla. let's get you started. it looks like another drift lower. keep in mind we saw lower fractions. that's what i mean by drift when i say drift lower. take a look at the action over in europe. stocks continue to move further away from 14-month highs. the concern today that perhaps spain will not, in fact, seek a bailout. so our roadmap this morning starts with yet another warning from fedex, the shipping giant blaming a slow global economy. but is this a macroissue or consumers no longer paying extra for express service. >> apple did it. expectations still high as preorders for the iphone 5 cross 2 million. >> prices on "squawk box" this morning, speaking of which, what was up with oil's mysterious decl

jack welch figured out, a very smart guy, figured out if you send jobs to china and you don't have electrohave people in america making a decent wage doing the same kind of work, as a result, we don't have jobs. we used to have a recession and you'd drop buying underwear because you didn't have money and you found a job and start buying underwear. now the underwear comes from china, jeans come from china, sneakers come from chine use and i dare say even this guy's brain might be outsourced because he offers no solutions whatsoever. host: we'll leave it there. guest: you raise good points on criminal justice and the higher percentage of blacks than whites in the prison system. i'll leave that to my colleagues who are experts in that issue area. you're probably right, and we should address that question. the civil society is broken for a lot of reasons, one of which you mentioned, which is the financial problems and not getting enough deductions or so forth or contributions from people who have the money. but if you simply look at the number of organizations that used to be there all across the