Read here and here. General Electric is a huge supporter of Obama and the rabid-green, pro-regulation, anti-market Democrats - it has paid off handsomely for GE, to the extreme detriment of their competitors, consumers and individual taxpayers. GE has become the quintessential modern model for state-sponsored crony capitalism (national socialist-style) that many large businesses had embraced in the frightening past.
Over recent years, it truly appears GE has become a corrupt, politically motivated entity, with its sole purpose being to avoid onerous regulations and corporate taxes by buying the influence of powerful liberal-leftist politicians.
"Obama issues global warming rules in January, gives GE an exemption in February.....Maybe GE CEO Jeff Immelt’s closeness to President Obama, and his broad support for Obama’s agenda, had nothing to do with this exemption. But we have no way of knowing that, and given the administration’s record of regularly misleading Americans regarding lobbyists, frankly, I wouldn’t trust the White House if they told me there was no connection."
"Consider the tax rate paid by two of America's biggest companies — Wal-Mart and General Electric. Wal-Mart paid 34 cents in taxes for every dollar of profit it made in the past three years. General Electric paid just 3.6 cents on the dollar.....That's right; instead of concentrating on making light bulbs, power plants or whatnot, companies [GE] use the tax system to boost their profits."