"We’ve got to get a country that’s growing and everyone gets more opportunity," Jack Welch said. | Getty Jack Welch: I would think twice before backing Ted Cruz again

If Texas Sen. Ted Cruz decides to mounts another bid for the White House, he might have to do so without a big name backer.

Former General Electric CEO Jack Welch told Neil Cavuto he would have second thoughts about supporting Cruz again. He sympathized with why Cruz might hold a grudge against Donald Trump, but the longtime business titan said the Texan gave his word to support the eventual GOP nominee.


“I didn’t like him taking the pledge and then walking away,” Welch said. “Now, he was obviously piqued by the comments that Trump made about his wife, so I can understand some reaction to that, but he made a pledge."

Saying Never Trumpers lack pragmatism, Welch added that he is voting for Trump. He might not agree with all of his views, but Welch said America cannot afford eight more years with Democrats charting the nation's economic course.

"I have watched for eight years the squeezing down of this economy," Welch said. "We’ve got to get a country that’s growing and everyone gets more opportunity."

Welch expressed skepticism over Trump's plan to tariff companies who move jobs out only to try their sell their goods back in.

"I think a president has a bully pulpit and has the right to scare the hell out of CEOs," Welch said.