Head of Obama’s Jobs Council: ‘State-Run Communism’ Actually ‘Works’
Hat Tip: BB
Immelt, CEO of GE and head of Obama’s Job Council, feels that Communism is the way to go. Gee, I’m sooo surprised – Commies of a feather:
“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.