13 Feb 09
Caterpillar, the world's largest maker of mining and construction machinery announced more than 22,000 job cuts last month amid waning demand for its products. But Obama said that he talked to the CEO, and said that they would hire back some of those workers if the legislation passes.
But when the press talks with Caterpillar's CEO, he says the opposite! He says that more lay-off's will occur regardless of the stimulus plan passing.
http://news.yahoo.com/s/ap/20090211/ap_on_go_pr_wh/obama_stimulus_3
http://www.msnbc.msn.com/id/29170141/
http://www.latimes.com/news/nationworld/nation/la-na-obama-peoria13-2009feb13,0,7057318.story?track=rss
13 Feb 09
Originally posted by Dace Aceget out there and start buying and you'll help to keep the economy going
Caterpillar, the world's largest maker of mining and construction machinery announced more than 22,000 job cuts last month amid waning demand for its products. But Obama said that he talked to the CEO, and said that they would hire back some of those workers if the legislation passes.
But when the press talks with Caterpillar's CEO, he says the opposit ...[text shortened]... .latimes.com/news/nationworld/nation/la-na-obama-peoria13-2009feb13,0,7057318.story?track=rss
13 Feb 09
Originally posted by Dace AceObama and everyone else needs to learn that you can't trust a money grabbing CEO. The Caterpillar CEO has probably already taken all the money from the workers salaries and stuck it in his own fat pocket.
Caterpillar, the world's largest maker of mining and construction machinery announced more than 22,000 job cuts last month amid waning demand for its products. But Obama said that he talked to the CEO, and said that they would hire back some of those workers if the legislation passes.
But when the press talks with Caterpillar's CEO, he says the opposit ...[text shortened]... .latimes.com/news/nationworld/nation/la-na-obama-peoria13-2009feb13,0,7057318.story?track=rss
14 Feb 09
Originally posted by Dace AceI don't know of one economist that says that this stimulus package will help much if at all. The question then begs, how can they pass such utter rubbish?
Caterpillar, the world's largest maker of mining and construction machinery announced more than 22,000 job cuts last month amid waning demand for its products. But Obama said that he talked to the CEO, and said that they would hire back some of those workers if the legislation passes.
But when the press talks with Caterpillar's CEO, he says the opposit ...[text shortened]... .latimes.com/news/nationworld/nation/la-na-obama-peoria13-2009feb13,0,7057318.story?track=rss
14 Feb 09
Originally posted by Dace AceSo...what's YOUR solution?? Continue on with President Bush's policies that led to this financial meltdown in the first place? President Obama has done an excellent job so far keeping the entire economy from collapsing, despite little or no cooperation from America's business executives, most of whom are wealthy Republicans eagar to discredit Obama, and cast any Democratic lawmaker as "bad for business". I'd suggest you tell the whole story on this subject, not just the parts you want people to hear.😏
Caterpillar, the world's largest maker of mining and construction machinery announced more than 22,000 job cuts last month amid waning demand for its products. But Obama said that he talked to the CEO, and said that they would hire back some of those workers if the legislation passes.
But when the press talks with Caterpillar's CEO, he says the opposit ...[text shortened]... .latimes.com/news/nationworld/nation/la-na-obama-peoria13-2009feb13,0,7057318.story?track=rss
14 Feb 09
Originally posted by whodeyYour lies never stop; if you bothered to use some source materials besides Limbaugh, you'd know that:
I don't know of one economist that says that this stimulus package will help much if at all. The question then begs, how can they pass such utter rubbish?
While economists remain divided on the role of government generally, an overwhelming number from both parties are saying that a government stimulus package -- even a flawed one -- is urgently needed to help prevent a steeper slide in the economy.
http://www.washingtonpost.com/wp-dyn/content/article/2009/02/07/AR2009020702159.html?nav=rss_email/components&sid=ST2009020702348&s_pos=
14 Feb 09
Originally posted by WajomaIt shows how far the dogma of monetarism has fallen out of favor. Considering how Friedman and his loony theories were so popular in the 80's and 90's, it's hard to believe that only 200 economists could be found to oppose the stimulus package on economic grounds.
Cato put it together, but all those names are not the "cato crew".
14 Feb 09
Originally posted by no1marauderGet off your high horse spanky. No doubt there is support for this rubbish, in fact, no doubt I can find people out there who think the earth is flat and the moon is made out of cheese as well. The simple fact of the matter is that when I listen to the "main stream" media I don't hear a whole lot of support for the bill. In fact, I hear more criticisms than I do positives.
Your lies never stop; if you bothered to use some source materials besides Limbaugh, you'd know that:
While economists remain divided on the role of government generally, an overwhelming number from both parties are saying that a government stimulus package -- even a flawed one -- is urgently needed to help prevent a steeper slide in th ...[text shortened]... ent/article/2009/02/07/AR2009020702159.html?nav=rss_email/components&sid=ST2009020702348&s_pos=
Are you saying you support this?
14 Feb 09
Originally posted by whodeyWhat "main stream media"? Fox News?
Get off your high horse spanky. No doubt there is support for this rubbish, in fact, no doubt I can find people out there who think the earth is flat and the moon is made out of cheese as well. The simple fact of the matter is that when I listen to the "main stream" media I don't hear a whole lot of support for the bill. In fact, I hear more criticisms than I do positives.
Are you saying you support this?
Yes, I support it. It's not the best possible stimulus plan (the compromises made for the 3 necessary Republican votes in the Senate hurt it - the $70 billion in cost for AMT "reform" is misplaced in a "stimulus" package for one thing), but it addressed the need for an expansionary fiscal policy in the near depression conditions that prior economic mismanagement has landed us. The "doing nothing" policy lauded by "free market" conservatives or more tax cuts benefiting the wealthy approach espoused by the Congressional Republicans aren't going to cut it. Some-body's gotta start spending some money and the package has tax cuts and income supports to those who are likely to along with government spending that will create construction and other jobs.
What, pray tell, is your approach to the present economic crisis?