GE CEO Jeff Immelt, is the czar heading Obama’s Council on Jobs & Competitiveness. He’s a great choice for the post, having sent a boatload of American jobs to China — jobs for which General Electric is paying little in taxes.
During an interview with Charlie Rose, the two were in agreement that “state run communism” works.
“Really, the one thing that actually works, you know, state run communism — may not be your cup of tea but their government works,” declared Immelt.
While slathering compliments, Immelt seems to have forgotten a few historical facts, such as China’s corruption, currency manipulation, forced abortions and other ongoing human rights violations. The 1989 Tiananmen Square Massacre would be a good starting point.