John Ransom

“Jim Jett always used to say that his brother was the damndest scoundrel that was ever borne,” drawled Abraham Lincoln, “but by the infinite mercy of providence he was also the damndest fool.”

Jeffrey Immelt, the modern version of Jim Jett’s brother and Chief Executive Officer of General Electric, should be fired.

Actually, if it’s possible, he should be fired twice: once because he’s a scoundrel and another time because he’s a fool.

As a fool and as a scoundrel, the guy has wonderful timing; timing that can only be attributed to the vast Left-Wing conspiracy that aims to convince Americans that the liberals behind public microphones are not just foolish, but also scoundrelous as well. Immelt, who heads Obama’s misnamed Jobs Council, said on TV recently that state run communism in China “works.”

The obvious inference is that the USA should try some communism too.

It works! As seen on TV!

From the Blaze:

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.

They sure do.


John Ransom

John Ransom is the Finance Editor for Townhall Finance.