Lawrence Kudlow: There's Something Missing in St. Paul

On CNBC Wednesday night, Jack Welch, GE's CEO from that firm's salad days in the '80s and '90s, pointed out the dangers of a three-house Democratic sweep. He says it's dangerous for both the stock market and the economy. And he wants to know why the St. Paul Republicans aren't running against Harry Reid, Nancy Pelosi and Barack Obama.

"With Pelosi and Reid pushing him," said Welch, "there's no limit to the taxes (Obama will) raise." Republican Sen. Mitch McConnell of Kentucky, who joined Welch on our show, was in full agreement: "You've got a prescription for turning America into France," said the Senate minority leader, "which is exactly what the Democrats want to do if they get all three (houses)."

I agree completely. A three-house Democratic sweep is a....

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