Stimulus would let Caterpillar rehire workers: Obama
On Feb 11, 7:41*pm, wrote:
On Wed, 11 Feb 2009 14:29:44 -0800 (PST), wrote:
On Feb 11, 12:01*pm, HK wrote:
Stimulus would let Caterpillar rehire workers: Obama
Wed Feb 11, 2009 12:43pm EST
SPRINGFIELD, Va., Feb 11 (Reuters) - President Barack Obama said on
Wednesday that Caterpillar Inc's (CAT.N) chief executive has said he
would be able to rehire some of the company's 20,000 laid-off workers if
Congress passes an $800 billion economic stimulus plan.
Speaking at the site of a highway construction project in Virginia,
Obama noted that the heavy equipment machinery giant had announced some
20,000 layoffs in the past few weeks as a result of the global economic
crisis.
"Today, the chairman and CEO of Caterpillar said that if the American
Recovery and Reinvestment Plan passes, his company would be able to
rehire some of those employees," said Obama. The president is scheduled
to visit a Caterpillar plant in East Peoria, Illinois, on Thursday.
To do what? *Build heavy equipment that no one is buying?
Are you really that simple? A big piece of the plan is INFRASTRUCTURE.
That means fixing and building bridges, roads and other big stuff that
will require heavy equipment.- Hide quoted text -
- Show quoted text -
Less than 5% idiot, talk about simple. Pelosi says it and you believe
it, you really do need to try to get better informed if you are going
to get into these conversations...
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