Great Moments In Obama’s Presidency: Caterpillar Layoffs Edition

When Obama was desperately trying to sell his disastrously expensive, $1.2 trillion and counting “Stimulus” bill to the American public, he insisted that it would create jobs. As evidence of this, he said,

“Caterpillar’s chief executive…told him the company will rehire some laid-off workers if the stimulus bill passes.”

So, how did that work out? Well today, from Reuters we get this news,

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

Whoops, but, but, but…I thought Obama said they were going to rehire laid-off workers, not lay more workers off? Tactfully, Reuters avoided mentioning that. Can’t embarass Barack Obama, I suppose. After all, it is their job to make sure that he “succeeds,” right? They also didn’t note that when asked about Obama’s comments, Caterpillar CEO Jim Owens said,

“I think realistically no. The truth is we’re going to have more layoffs before we start hiring again.”

It’s just one more “great moment” in leadership, Obama style.

PS: Did Obama lie about those Caterpiller job increases or was he mistaken? The Left didn’t make those distinctions during the Bush Administration, so perhaps we shouldn’t either. However, given how incompetent Obama seems to be and how little he knows about business, it does seem possible that he just didn’t understand what Owens was saying when they talked about jobs. So, perhaps we should give him the benefit of the doubt and just assume that as per usual, he had no idea what he was talking about.

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