Caterpillar CEO Contradicts President on Whether Stimulus Will Allow Him to Re-Hire

Discussion in 'Economy' started by KMAN, Feb 13, 2009.

  1. KMAN
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    KMAN Senior Member

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    This Obama guy needs to go back to community organizing....

    EAST PEORIA, ILL. -- President Obama today repeated the claim we asked about yesterday at the press briefing that Jim Owens, the CEO of Caterpillar, Inc., "said that if Congress passes our plan, this company will be able to rehire some of the folks who were just laid off."

    Caterpillar announced 22,000 layoffs last month.

    But after the president left the event, Owens said the exact opposite.

    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.


    Political Punch: D'oh! Caterpillar CEO Contradicts President on Whether Stimulus Will Allow Him to Re-Hire Laid Off Workers
     
  2. WillowTree
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    WillowTree Diamond Member

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    Uh, oh,,, somebody didn't do their homework.. the DUmmies been DUped again.
     
  3. indago
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    indago VIP Member

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    Is anybody really surprised?
     
  4. Valerie
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    Valerie Gold Member

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    It's not surprising since that type of restructuring is not so simple.

    CATERPILLAR LAYOFFS: Caterpillar layoffs due to 4Q profit falls 32 pct -- chicagotribune.com
     
  5. auditor0007
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    auditor0007 Gold Member

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    Hmmm, looks like my original post was on the money. I must be smarter than the average Yogi Bear.
     

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