Obama tried to get the American people behind the Stimulus Package. He told us that the Federal Government would be the only way that America could get back on track again. He said that there was no other way unless the Stimulus Bill would pass. He even went so far as to go before some of the employees of CAT in Peoria to let them know that Jim, the CEO, would “able to rehire some of the folks who were just laid off.”
Jim was asked about the accuracy of Obama’s statement and said the opposite,
“I think, realistically, no. The honest reality is we’re probably going to have more layoffs before we start hiring again.”
Take a look at this video on ABC showing clips of both men. Well CAT had to lay off more employees. Layoffs to the tune of 2454 jobs ranging from Illinois, Indiana, Aurora and a fuel systems factory in my state of Georgia. Remember that CAT had to layoff over 20,000 jobs in January.
The problems with the Federal Government not being able to handle the Tax Payers’ money responsibly with AIG, attempting to nationalize banks and AIG, offering Cap and Trade as a viable source of income generation, and Tim not telling Obama about AIG bonuses are all signs that this Administration is not hitting on all cylinders. Obama is having a difficult time showing America that we are wrong in wanting to live as we see fit. The Federal Government is having a difficult time showing the American Tax Payer that they can handle their money better than they can handle their own money. The Federal Government got involved in telling the banks how they should lend and the banks were the ones that got burned. The Federal Government reassured America they were the best stewards of the American Tax Payers’ money. Obama told use everyday that we had to pass that bill so that America would not continue to fail and that people could be put back to work.
The verdict is still out for Obama’s economic decisions and I hope they don’t do so well. If the economy does anything better than “really bad” then Obama’s policies of nationalizing health care and attempting to make us heavily socialized will be seen as the savior of the American economy. Athough I feel sorry for the employees of CAT who thought that they could trust the man who has the sacred honor to tell them the truth, I feel sorry for us American’s who bought into his sales pitch that all our lives would be better because of him.
What Say You?
UPDATE: How’s the stimulus working out for Caterpillar?
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