The Blaze/ Jonathon M. Seidl
If you were ever in doubt what type of thinking this administration fosters, this clip should put any debate to rest.
Appearing Monday morning on CBS, Obama’s jobs council head and the
CEO of GE Jeffrey Immelt said that one thing that “actually works” is
“state-run Communism” in China.
After host Charlie Rose brought up the “growth rate” of China falling
from double digits to about eight percent, Immelt chimed in.
“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.
Watch it below:
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