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

Dec. 11, 2012 9:32am 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:

(H/T: WFB)

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Comments (299)

NigelTufnel
Posted on January 2, 2013 at 10:44pm
Which is what they said about the economy when it was raging under W. “It’s over-heated!” was the battle cry of the left back then. To say 12% growth is worse than 3% growth is laughable. Let’s read between the lines shall we. An economy growing at 12% means that you are importing workers. The left certainly doesn’t want more free thinkers coming in. 12% growth means that all sectors are thumping and that everyone can make it on their own in just about any sector. With self-actualization comes a natural affliction for free markets. Immelt is an idiot. GE paid zero taxes in 2010. If the left really wants to punish big business, they would take away all their government goodies and let them compete fair and square. The rich care nothing about this tax increase as long as the contracts and deductions keep coming and they keep their positions at the top of their industry.

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HAL8728
Posted on December 31, 2012 at 6:10am
I am brand new to blogging. I have wondered for a very long time what is happening to our Country. I now “see the light”. Communism rears it’s ugly head again. GE is a huge company, but I will think twice about buying their products.

Snow Leopard – I agree with you completely.

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universalphilos
Posted on December 28, 2012 at 11:25pm
http://www.angelfire.com/in4/aup_messiah/1979March16.audio.html

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universalphilos
Posted on December 28, 2012 at 11:23pm
A prophecy, March 16, 1979: “But as these things come forth, if you should prepare yourselves in a binding manner before the Lord, then those of the Lord’s children shall not wear the mark of the Beast, and their children’s children shall wear the mark of God. And that of the Christ child’s safety shall be assured, and the reign of the Lord shall be upon the earth.”

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SGT Rock
Posted on December 13, 2012 at 3:19am
Remember when these self proclaimed elitist jerks say something as stupid s this they are only focusing on how it effects their position in life. If he was a blue collar worker bee he would see that it does nothing for the citizens except grind them up. He and his boss want to see us go like China so their fat arses would be cemented into uber safe and secure positions, damn the little guy he is worthless.

Question is will you allow them to do this to America?

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Impeachment-the answer
Posted on December 13, 2012 at 3:05am
Too much talk, as has been since 2008 election. But no one acts on his/her opinions. Is it because no one knows what to do about it? Start with impeachment from the top down, including all of Congress that have violated the Constitution. There must be hundreds of counts against BO and as many against the Democrat Senators who if impeached, would not be able to vote against themselves. Shut down DC with protests to demand impeachment, like the old pitchfork crowds in the past. Non violent, just shut down the government with your presence and placards. If not soon, the liberal mind controlled robots will stir up violence and give BO a chance to declare Martial Law. Then nothing less than another civil war could happen or a military coo.

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