Did President Obama Get Crossed Up by Head of Company He Visited?
Stimulating Conversation
(Fox News) - President Obama said during an appearance at the Caterpillar tractor factory in East Peoria, Illinois, that the company CEO had promised in the Peoria Journal Star: "If Congress passes our (stimulus) plan, this company will be able to rehire some of the folks who were just laid off."
But after the president left, Caterpillar chief Jim Owens said there actually would be more layoffs coming — in addition to the 22,000 already expected: "We'll probably have more layoffs before we start hiring again. We don't want false expectations. If we sign a stimulus bill, that doesn't mean we'll start hiring right away."
Owens back-tracked today, saying the passage of stimulus packages could — over time — lead to the recall of some employees laid off during this downturn.
(Fox News) - President Obama said during an appearance at the Caterpillar tractor factory in East Peoria, Illinois, that the company CEO had promised in the Peoria Journal Star: "If Congress passes our (stimulus) plan, this company will be able to rehire some of the folks who were just laid off."
But after the president left, Caterpillar chief Jim Owens said there actually would be more layoffs coming — in addition to the 22,000 already expected: "We'll probably have more layoffs before we start hiring again. We don't want false expectations. If we sign a stimulus bill, that doesn't mean we'll start hiring right away."
Owens back-tracked today, saying the passage of stimulus packages could — over time — lead to the recall of some employees laid off during this downturn.
posted by BP News Bureau | 9:42 AM
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