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Obama: My plan means rehires here. CEO: Actually, more layoffs first

Democratic President Barack Obama speaks at Illinois Caterpillar plant 2-12-09 on his economic stimulus package

This is awkward, like truly first-date awkward, when your hands brush and the other one pulls away.

President Obama speaking at the Caterpillar plant in East Peoria, Ill., Thursday afternoon on his economic stimulus plan (see video below) still before Congress:

"When they finally pass our plan, I believe it will be a major step forward on our path to economic recovery. 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."

Jim Owens, chief executive of Caterpillar who announced 22,000 layoffs recently and supports the president's plan, was asked if he agreed with that rehiring assessment:

"I think, realistically, no. The truth is we're going to have more layoffs before we start hiring again."

So, like, call me sometime? Sure, yeah. OK. Sometime.

-- Andrew Malcolm

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Credit: Charles Rex Arbogast / Associated Press

Comments () | Archives (4)

The comments to this entry are closed.

arrogant and smugged Obama tries another to fool all of the people all of the time.

Hey, In God we Trust. The corn hasn't even been planted with the Obama Administration - stop complaining and start helping. If you cant say something nice dont say anything at all!
Please America, look at what is going on in the rest of the world and lift your head out of the quagmire of those outdated Bi-partisan Washington politics. Most Americans do not live that life and it isn't beneficial for our Country.

Disagree with a black Democrat? Might be a good idea to keep your dog or cat inside for awhile. Libs play dirty.

This highlights the issue of timeliness in getting the money to the states and cities, who will hire the contractors who will need heavy equipment to tear up roads.


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About the Columnist
A veteran foreign and national correspondent, Andrew Malcolm has served on the L.A. Times Editorial Board and was a Pulitzer finalist in 2004. He is the author of 10 nonfiction books and father of four. Read more.
President Obama
Republican Politics
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