11-17-2009, 01:49 PM
http://online.wsj.com/article/SB125832961253649563.html
Just one data point. Companies probably do very similar things to GE, look at how government action will hurt or benefit them. Then they look to capitalize on the benefits. In either case, it adds a lot of risk. If the "West Virginia Coal Miners Party" (I'm making that up) wins the next election, all investment in renewables could become wasted.
Quote:But Chief Executive Jeffrey Immelt now has his eye on a huge new pool of potential revenue: Uncle Sam's stimulus dollars. Mr. Immelt, a registered Republican, quips about the shift in thinking in the nation's corner offices: "We're all Democrats now."
Quote:"The government has moved in next door, and it ain't leaving," Mr. Immelt said at the International Economic Forum of the Americas in Montreal in June. "You could fight it if you want, but society wants change. And government is not going away."
Quote:When the stimulus package was rolled out, Mr. Immelt instructed executives leading the company's major business units "to put together swat teams to get stimulus money, and [identify] who to fire if they don't get the money," says a person who heard him issue the instructions.
Just one data point. Companies probably do very similar things to GE, look at how government action will hurt or benefit them. Then they look to capitalize on the benefits. In either case, it adds a lot of risk. If the "West Virginia Coal Miners Party" (I'm making that up) wins the next election, all investment in renewables could become wasted.
"Hamilton is really a Colossus to the anti republican party. Without numbers he is an host within himself. They have got themselves into a defile where they might be finished but too much security on the republican part will give time to his talents and indefatigableness to extricate them. We have had only middling performances to oppose to him. In truth when he comes forward there is nobody but yourself who can meet him. His adversaries having begun the attack he has the advantage of answering them and remains unanswered himself. For God's sake take up your pen and give a fundamental reply to Curtius and Camillas" - Thomas Jefferson to James Madison