Media Blog

More on the GE-Obama Stimulus Axis

Via Tom Borelli at the Free Enterprise Action Fund, Clusterstock has a good post up today on how GE’s fortunes are tied to Obama’s stimulus and green spending.  An excerpt:

What’s the one economic trend we can be certain of, regardless of business cycles? The government is growing as a proportion of GDP.

So how do you play it. Well you can invest directly in lobbying for your business, but that’s tough unless you’re already in a fairly privileged position. Or you can be DC/Virginia real estate, which is pretty much immune from the weakness in the rest of the country.

Or you can invest in GE (GE). Yesterday’s quarterly earnings and conference call made it clear that this is the ultimate big government company. CEO Jeff Immelt referenced the stimulus multiple times in reference to various units: wind, the power grid, rail, health tech, aerospace, defense and on and on.

And on and on and on. You don’t have to be in the tinfoil-hat brigade to appreciate that MSNBC’s pro-Obama opinion tilt will further GE’s business plans. 

Also of note, MSNBC’s newest pundit show, starring Ed Schultz, is not doing well in the ratings.  On Thursday, April 16, Schultz was fourth.  Was a conservative, or anyone who might criticize the Obama administration, ever discussed for the 6 p.m. slot that Schultz now fills?


The Latest