Tuesday, December 11, 2012

Head of Obama’s Jobs Council: ‘State-Run Communism’ Actually ‘Works’



President Obama campaigned to "Fundamentally Transform America" in 2008.
Do you try to fundamentally transform that which you love?



Jonathon M. Seidl, TheBlaze — 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. » Read More

If you were ever in doubt what type of thinking this administration fosters...
this clip should put any debate to rest.


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About the Author
Jonathon M. Seidl is the front page editor of The Blaze. He joined the website as an assistant editor in 2010 as one of its original hires. His writing has appeared in WORLD magazine and online with The American Spectator. Although a Green Bay Packers fanatic, he and his wife live in Dallas, TX, with their dog, Gus. Seidl graduated from The King's College-New York City with a degree in politics, philosophy, and economics.