Jeff Immelt needs operating profit. Where else better to look than the government? In the following clip, the Chairman of President Obama’s Jobs and Competitiveness Council, comes clean with us on what he actually believes and advocates.
“the one thing that actually works, you know, state run communism may not be your cup of tea, but their government works. They have five-year plans”
Not only is this a clear indication of what President Obama has been hearing for a long time now, but it also implicitly shows that Jeff Immelt is in bed with the government, and as such he expects preferential treatment. The nice thing for him, and all those like him, is that once you reach a GE status, you partner with the government to quell competition.
Oh, and guess who else had five-year plans.