Obama Adviser: China's "State-Run Communism … Works"

And the trains run on time

The chairman of President Barack Obama's job council has endorsed China's style of crony capitalism, saying "state-run communism may not be your cup of tea, but their government works."

Jeff Immelt is the dual-hatted chairman of the President's Council on Jobs and Competitiveness, and of General Electric, a huge company with businesses in many domestic and international sectors, including China.