I’m curious how he came to that conclusion after four years of living in the People’s Republic of Obamastan.
Jeffrey Immelt, [General Electric] CEO and one of Obama’s Crony Capitalists, and Chair of The President’s Council on Jobs and Competitiveness (don’t laugh) had this insight to offer while chatting chummily with Charlie Rose. “Really, the one thing that actually works, you know, state run communism may not be your cup of tea but their government works.”
It certainly works for the people on top. Probably not so much for the millions of peasants kicked off their land. But what Immelt is forgetting that the Chinese Communist system only started becoming viable when it junked the Communist part and became a conventional oligarchy. And when America started becoming Communist and destroyed its own manufacturing making it possible for China’s Communist Party feudal lords to cash in by dumping cheap badly manufactured products on an America where you could no longer run a factory without the EcoFascist EPA breaking down your door with their stormtroopers, the way it happened to Gibson Guitars.
China is becoming a Communist run Capitalist system while America is becoming a Capitalist run Communist system under toads like Immelt.