GE as the Ultimate Investment in Big Government

I happen to think Goldman Sachs is the ultimate big government company, but GE is not far behind.

Joe Weisenthal writes that if you are looking for an investment play on big government, GE is the stock. Among the points Weisenthal makes:

[GE ]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 of course the company has amazing lobbying clout. Any eventual cap-and-trade system is likely to be based on its own framework. When the company recently announced a new medical tech JV with Intel, it had to go out of its way to suggest that it wasn't just a stimulus play. But of course, if the government spends gobs on upgrading health tech (in the name of saving money, of course) GE will be a huge
beneficiary.