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March 17, 2009

Money Well Spent

President Barack Obama, February 12, 2009:

And I'm not the only one who thinks so. 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. And that's a story I'm confident will be repeated at companies across the country -- companies that are currently struggling to borrow money selling their products, struggling to make payroll, but could find themselves in a different position when we start implementing the plan. Rather than downsizing, they may be able to start growing again. Rather than cutting jobs, they may be able to create them again.

That's the goal at the heart of this plan: to create jobs.

Business Insider, today:

What infrastructure boom? If there is one, Caterpillar (CAT), whose CEO promised Obama that the stimulus would allow it to keep more employees, isn't seeing one.

The company just announced another 2,454 layoffs in three states. This is the company's third round of layoffs in just a few months.

Why, it's almost as though the stimulus package was just a payoff to Democrat constituent groups rather than a serious attempt to help the economy!

Forgot to include the hat tip: ExurbanJon.

posted by Slublog at 11:55 AM

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And that's a story I'm confident will be repeated at companies across the country -- companies that are currently struggling to borrow money selling their products, struggling to make payroll, but could find themselves in a different position when we start implementing the plan. Rather than downsizing, they may be able to start growing again. Rather than cutting jobs, they may be able to create them again. That's the goal at the heart of this plan: to create jobs. Business Insider, today: What infrastructure boom? If there is one, Caterpillar (CAT), whose CEO promised Obama that the stimulus would allow it to keep more employees, isn't seeing one. The company just announced another 2,454 layoffs in three states. This is the company's third round of layoffs in just a few months. Why, it's almost as though the stimulus package was just a payoff to Democrat constituent groups rather than a serious attempt to help the economy! Forgot to include the hat tip: ExurbanJon. posted by Slublog at 11:55 AM \| Access Comments <script language="javascript" src="http://adserver.adtechus.com/addyn/3.0/5235/1131537/0/170/ADTECH;loc=700;cookie=info;target=_blank;key=key1+key2+key3+key4;grp=[group]"></script><noscript><a href="http://adserver.adtechus.com/adlink/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" target="_blank"><img src="http://adserver.adtechus.com/adserv/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" border="0" width="300" height="250"></a></noscript>	Recent Comments JackStraw: ">>Yeah, right AfD wants safety and security for it ..." grammie winger - cheesehead: "He wasn't a Muslim, then? Just a guy who liked to ..." fd: "Mostly peaceful Muslim. Mostly. ..." FenelonSpoke: "He wasn't a Muslim, then? Just a guy who liked to ..." FenelonSpoke: "Posted by: publius, Rascally Mr. Miley (w6EFb) at ..." 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