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Stimulus passed, Caterpillar lays off 2400 more   March 17th, 2009
Didn't Obama say that if stimulus passed, Caterpillar would re-hire laid off people?       


More observations...

Back when President Obama was campaigning for his spending package in February, he said that if the stimulus passed that the CEO of Caterpillar had indicated that they'd be able to rehire some employees they had previously laid off. Well, the spending package was passed. And Caterpillar today announced 2300 more layoffs.

Reviewing Obama's statement from February 2009:

President Barack Obama said Wednesday that heavy-equipment maker Caterpillar has informed him it will rehire some of the thousands of workers it has laid off in recent weeks if Congress passes an economic stimulus bill.

The spending package passed. And the news today from CNN is:

Caterpillar Inc., the world's largest maker of construction and mining equipment, notified an additional 2,454 workers in three states Tuesday that they were losing their jobs as the company continues to try to bring production in line with plummeting demand.

Of course, the whole thing was of questionable truthfulness from the beginning:

According to Rep. Schock, Owens [Caterpillar CEO] said the president called him up asked him what it would take for him to rehire people at Caterpillar. Schock said Owens explained to him he told Obama he could rehire people if a 'responsible stimulus bill is passed and the economy gets going again' he would rehire.

After that phone call was when Obama made his announcement in Springfield, Va. that Owens would rehire some of the laid off employees.

'Well, he made a couple of assumptions,' Schock said. 'First was this stimulus bill was responsible and number two, it was going to get the economy going again, which it didn't.'

Of course, no mention in the CNN article reporting the job cuts that Obama had indicated that the passing of his spending bill was supposed to lead to that company rehiring employees, not laying off more.

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