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Republicans in for a 'Shock' Come November: Jack Welch

Democrats will not get "wiped out" of their Congressional seats in the November election, despite the recent passage of the widely unpopular health care reform bill, former CEO of General Electric Jack Welch told CNBC Tuesday.

Because the economy is starting to feel better to those who have jobs, and because the government has given out a number of "freebies" to the public — including health care coverage to those who previously had none — people will likely credit the government with improving the economy, Welch said.

Many have speculated that the Democrats would lose their majority vote come the November elections, as both parties have responded unfavorably to Congress' actions.

GE is the parent company of CNBC.