I Thought Obama Said These Jobs Were Safe?
Caterpillar Inc. on Tuesday announced plans to lay off more than 2,400 employees at five plants in Illinois, Indiana and Georgia as the heavy equipment maker continues to cut costs amid the global economic downturn.
Caterpillar, the world’s largest maker of mining and construction equipment, has seen its sales wither as the sluggish world economy and credit crisis weaken demand for its products, used to build everything from houses to highways. The company had expanded dramatically in recent years, helped by a building boom in developing countries.
In response to the worsening conditions, Caterpillar in January announced job cuts that will ultimately eliminate 20,000 positions. It also said it would slash executive compensation by up to 50 percent and offer buyouts to about 25,000 U.S.-based employees. Caterpillar, which employs about 112,000 people worldwide, said it had imposed a global hiring freeze.
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For the lazy liberals who refuse to do their own homework because they might find something that disproves their worldviews:
"D’oh! Caterpillar CEO Contradicts President on Whether Stimulus Will Allow Him to Re-Hire Laid Off Workers"
http://blogs.abcnews.com/politicalpunch/2009/02/doh-caterpillar.html
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.
I think you’re a liar.
And Obama is a mind reader and a psychic? I don’t think so.
Can you cite a source that shows Obama saying that jobs at Cat were safe?
I agree with Cigar Man.
When did Obama say these were safe jobs and in what context?
All you do is whine and offer no solutions. How appropriate for a con.
Yes, well, it was a good sound bite and photo op.
By the way, for the doubting Obama supporters, I included a few links.
The new intelligence test is to see how long it takes you to realize you were being had when you voted for Obama.
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