Home > Federal Bureaucrats > Jeffery Immelt: CEO of G.E. Says “Communism Works”

Jeffery Immelt: CEO of G.E. Says “Communism Works”

Does Communism work?I only got a quick glimpse of this story when I turned on the news this morning when I heard that one of the CEO’s of G.E. said this. He was referring to China but this was a subtle subliminal message to brain wash the “low information voter”.

Since they were bailed out by the government and own the tax payers tons of cash they are playing on emotions to the masses. In fact G.E., earned $14.2 billion in profits in 2010, but it paid nothing in taxes because the bulk of those profits, some $9 billion, were offshore. GE got a $3.2 billion tax break.

So where the fairness on paying taxes? Guess that only applies to people that are not Obama supporters? Even google has not paid 10 billion in back taxes since that are in off shore accounts, via Ireland, but they are huge Obama supporters, even working with this administration in ways we are not privy to, can you say scanning your emails?

So if I the talking heads of G.E. are saying this, next you will hear the government should own all companies or subsidize them like G.M. and G.E. by the government.

Now you are hearing the first salvo of banter that communism works, this is just the first shot over the bow  on capitalism, this is not be the last time you hear this. You can bet our socialist president will be all over this and promoting this idea.

Can you say socialism?

Categories: Federal Bureaucrats

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