Tuesday, March 17, 2009

Oops: Caterpillar lays off thousands after Porkulus passes

Last month, Barack Obama challenged Congress to pass his stimulus package at a visit to the Caterpillar plant in East Peoria, Illinois, claiming that the company’s CEO assured him that it would allow Caterpillar to rehire laid-off workers. CEO Jim Owens disputed that, saying that the stimulus wouldn’t have enough effect, and that more layoffs would come regardless of whether Congress passed the bill.

After the visit, Rep. Adam Schock, who represents East Peoria, claimed that exactly zero of the workers at the Caterpillar plant responded to Obama’s call to communicate their support for Porkulus. They apparently had more sense than President Obama.

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"A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty" (Churchill)