Wednesday, December 12, 2012

Obama's Jobs Council Head Says 'State Run Communism' works

H/T The Blaze

CEO of GE Jeffrey Immelt had this to say in a Charlie Rose Interview:
“Look, I think it’s good for China,” he said. “To a certain extent, Charlie, 11 to 12 percent is unsustainable. You end up getting too much stimulus or a misallocation of resources. They are much better off working on a more consumer-based economy, less dependent on exports, driving technology and innovation harder. Really, the one thing that actually works, state run communism may not be your cup of tea, but their government works.”
“They get things done,” Rose responded. Here is the video:



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