'We Should Be Doing Better,' Welch Says of US Economy

The U.S. economy is well on the road to recovery but would be doing better if not for a repressive environment in Washington, Jack Welch, author and former General Electric chairman, told CNBC.

We need a name for the scandal of the IRS leaning on right-side political organizations.  “501(c)(4) – gate” doesn’t do it.  Tea-Gate?  Tea-Party Dome?  Something must be done!  I invite you to do in the comments.

Former General Electric CEO Jack Welch says 

The uncomfortable effects of government actions are being felt everywhere. Obamacare concerns are, anecdotally, delaying hiring, causing firms to change benefits for the people, and increasing taxes on the great majority.

Investors are being "forced to get back in," former GE chief Jack Welch told CNBC.

The global oil boom underway represents the most significant increase in any decade since the 1980s.

We are currently reading through the just released 54 page report from the IRS' Acting Deputy Inspector General Michael McKenney, but for now here are the key excerpts from the findings section. From Inappropriate Criteria Were Used to Identify Tax-Exempt Applications for Review