Obama: Stimulus Means Caterpillar Will Re-Hire Workers, Caterpillar: Um, Not So Much
Remember the other day when Obama said that spending hundreds of billions of dollars on dog parks and frisbee golf courses and nationalized health records would make Caterpillar re-hire some of its laid off workers?
He maybe should have run that by the folks at Caterpillar first.
Asked if the stimulus package would be able to stop the 22,000 layoffs or not, Owens said, “I think realistically no. The truth is we’re going to have more layoffs before we start hiring again”
“It is going to take some time before that stimulus bill” means re-hiring, he said.
I’m shocked that the folks at Caterpillar aren’t buying into the idea that the stimulus is a miracle cure for the economy.
As McQ at QandO.net says, “Amateur hour continues.”



