GE CEO Immelt Takes on Bernie Sanders' Criticism

The transcript discusses GE's shift to a more industrial focus under CEO Jeff Immelt, highlighting investments in Vermont and the company's response to political criticism. It explores the broader economic context, including restrained business investment and the impact of political rhetoric on corporate America. The discussion also contrasts US and European economic models, emphasizing job creation in less-publicized regions and the media's focus on major cities.

What was Jeff Immelt's response to political criticism regarding GE's operations?

• He ignored the criticism.

• He highlighted GE's investment and job creation in Vermont.

• He agreed with the criticism.

• He decided to close the Vermont plant.

What has been a significant trend in business investment during the recovery period?

• Reduction in cash flow

• Expansion of workforce

• Focus on share repurchases

• Increased investment in new assets

How does the US economic model compare to Europe's according to the discussion?

• The US has outperformed Europe since the financial crisis.

• The US and Europe have identical economic models.

• The US has adopted a more socialistic model.

• Europe has a stronger economy than the US.

What is a major focus of the media according to the final section?

• International economic trends

• Job creation in rural areas

• Economic performance of small towns

• Major urban centers on the East and West coasts

What is a key desire for many Americans in terms of employment?

• Full-time jobs with full benefits

• Remote work opportunities

• Part-time jobs with no benefits

• Temporary contract work