BUSINESS
06/20/2009 05:12 am ET Updated May 25, 2011

Welch Criticizes Obama On Chrysler Bankruptcy

May 20 (Bloomberg) -- Jack Welch, former chief executive officer of General Electric Co., criticized the government- backed bankruptcy of Chrysler LLC for favoring unions at the expense of creditors and said President Barack Obama's economic stimulus programs will cause budget deficits.

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