Caterpillar CEO James Owens must be wrong:

"Yesterday, Jim, the head of Caterpillar, said that if Congress passes our plan, this company will be able to rehire some of the folks who were just laid off," Obama said today in Peoria.

But when asked today if the stimulus could do that, Owens said, "I think, realistically, no. The honest reality is we're probably going to have more layoffs before we start hiring again."

B-but the stimulus is supposed to fix everything!  Next you'll be telling me that I'm not really getting a unicorn or free gas for life.

Posted by: Sean M. at 08:49 PM | Comments (2) | Add Comment
Post contains 101 words, total size 1 kb.