Bernie Sanders was wrong about GE. But that doesn't make Jeffrey Immelt right.

Sanders' spat with Immelt, explained

Bernie Sanders' feud.
(Image credit: REUTERS/Mark Kauzlarich)

Presidential candidate Bernie Sanders and General Electric CEO Jeffrey Immelt got themselves into a bit of a spat this week.

It started when the New York Daily News interviewed Sanders on Monday and prompted the Vermont senator to give an example of a corporation that's "destroying the fabric of America." Sanders pointed to GE: "What we have seen over the many years is shutting down of many major plants in this country. Sending jobs to low-wage countries," Sanders said. "And General Electric, doing a very good job avoiding taxes. In fact, in a given year, they pay nothing in taxes."

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Jeff Spross

Jeff Spross was the economics and business correspondent at TheWeek.com. He was previously a reporter at ThinkProgress.