GE CEO Immelt Praises Communist Chinese Government

Here is Jeffrey Immelt, the man placed in charge of the President's Council on Jobs and Competitiveness, praising the communist form of government in China.

BEN BAKER / REDUX

"State-run communism may not be your cup of tea, but their government works.  They have five-year plans..." (link to video)

GE is looking at exporting more jobs and now nuclear technology to China:

"Secretary of State Hillary Clinton is supporting a bid by General Electric to export jobs and nuclear technology to China by seeking assurances from Beijing that it will not steal or transfer valuable reactor technology, the Free Beacon has learned." (Washington Free Beacon)

And here is some of GE's behavior during World War II...supporting the Nazi government in Germany (obviously Immelt was not in charge, but it demonstrates how big business can work against the national security interests of your own nation):

"In 1946 General Electric was fined by the US government owing to its nefarious wartime activities. In partnership with Krupp, a German manufacturing firm, General Electric deliberately and artificially raised the price of tungsten carbide, a material that was vital for machining metals necessary for the war effort. Though only fined $36,000 in total, General Electric made around $1.5 million out of this scam in 1936 alone, hampering the war effort and increasing the cost of defeating the Nazis. GE also bought shares in Siemens before war broke out, making them complicit in the use of slave labor to build the very same gas chambers where many of the stricken laborers met their end." (Business Pundit)

I guess my point here is this: do people like Immelt have the best interests of the American people in mind?  Should they be placed in positions to have influence over the "jobs and competitiveness" of America?  Should they be allowed to export nuclear technology to our adversaries?  I would argue no, absolutely not.

--Against All Enemies

Link to video

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Disclaimer: These opinions are solely my own, and do not reflect the opinions or official positions of any United States Government agency, organization or department.