The Poster Child of Obamanomics
Sometimes we look back a decade or so and reconsider our word choice. For instance, I used to call General Electric — with its heavy lobbying, its intimate ties to the White House, all its bets on green energy, on embryonic stem cells, on Obamacare, on industrial policy — the “for-profit arm of the Obama administration.”
Those words were ill-chosen. Specifically, in describing GE, it was a mistake to use the word “profit.”
Read the whole thing: www.washingtonexaminer.com
Full disclosure, we are long GE in some managed accounts.