CEO Contradicts Obama on Rehiring Employees

At a Caterpillar Inc. plant in Peoria, Ill., today, President Obama said that his proposed economic stimulus would allow the company's CEO to rehire recently laid-off employees. But the head of the company said he will have to fire more workers before he can rehire anyone who has been let go. Obama has said twice in the past two days that Caterpillar CEO James Owens indicated his company would be able to rehire some of the 20,000 recently laid-off employees. "Yesterday, Jim, the head of...Full Story
Commenting on this article is closed.