"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.
Sounds like great news for the 22,000 Caterpillar has had to layoff in recent months, right? Well, not so fast.
After the president left, Mr. Owens not only did a turnabout on rehiring; he also suggested there may be even more layoffs. Although he said he continued toI guess it's only taken 3 weeks for Obama to define for us what an "open and transparent" administration looks like. Apparently, it relies on lies and deceit.
support the stimulus package, it wouldn't result in a reversal of layoffs for anyone: “I think realistically no. The truth is we’re going to have more layoffs before we start hiring again.” In part, Mr. Owens indicated in one of the interviews that he did not want to raise false expectations for people.
You can read the entire New York Times article here.