At a Caterpillar Inc. plant in Peoria, Ill., today, President Obama said that his proposed economic stimulus would allow the company's CEO to rehire recently laid-off employees. But the head of the company said he will have to fire more workers before he can rehire anyone who has been let go.Obama has said twice in the past two days that Caterpillar CEO James Owens indicated his company would be able to rehire some of the 20,000 recently laid-off employees.
"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." - ABC News
Mr. Obama you are the President. You don't have to say anything to get elected, that part is over already.
It is just simply amazing that President Obama, who promised honesty and openness, is being caught time and time with just not telling us the facts.
I can't imagine the position that he put the CEO in. They hear the President tell them that the CEO is ready to hire workers back, when that just is not the case.
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