Thread: Proof the Stimulas Worked

NOT



2/12/09



"And I'm not the only one who thinks so. 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. And that's a story I'm confident will be repeated at companies across the country -- companies that are currently struggling to borrow money selling their products, struggling to make payroll, but could find themselves in a different position when we start implementing the plan. Rather than downsizing, they may be able to start growing again. Rather than cutting jobs, they may be able to create them again."





10/26/09

Caterpillar said Monday about 2,500 laid-off employees will be permanently cut from the company and 550 others will be brought back to work by the end of next year.

[quote name='Stinger' date='26 October 2009 - 11:25 AM' timestamp='1256574318' post='45013']

NOT



2/12/09



"And I'm not the only one who thinks so. 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. And that's a story I'm confident will be repeated at companies across the country -- companies that are currently struggling to borrow money selling their products, struggling to make payroll, but could find themselves in a different position when we start implementing the plan. Rather than downsizing, they may be able to start growing again. Rather than cutting jobs, they may be able to create them again."





10/26/09

Caterpillar said Monday about 2,500 laid-off employees will be permanently cut from the company and 550 others will be brought back to work by the end of next year.

[/quote]





Would you be so kind as to provide a link to support the last line in your post?



I find this about Catepillar.

Caterpillar Begins Rehiring Workers as Demand Rises (Update1)

By Shruti Date Singh



Oct. 26 (Bloomberg) -- Caterpillar Inc. said it has started rehiring and expects to return a portion of its laid-off employees to jobs as demand increases in the coming months.



About 550 U.S. employees have returned or will return to work before year-end, including support, management and production employees, the Peoria, Illinois-based company said in a statement today. Caterpillar also began telling about 2,500 U.S. idled workers that they won’t get their jobs back and will be offered a separation package.



“We are pleased that signs of recovery in the global economy allow us to return a selected group of laid off employees to work,” Chief Executive Officer Jim Owens said in the statement. “But it’s important to remember that we are not close to the record-breaking demand we experienced from 2004 through 2008.”



Caterpillar, the world’s largest maker of bulldozers and excavators, cut about 18,700 full-time jobs and about the same amount of temporary workers since December 2008 as demand declined. The company last week posted third-quarter earnings that beat analysts’ estimates and issued a full-year forecast that exceeded the highest prediction.



Sales may be $32 billion to $33 billion this year and rise as much as 25 percent in 2010 from the midpoint of those figures, Caterpillar said.



The company last week also said Douglas Oberhelman, a group president responsible for the engine and gas turbine operations, will succeed Owens as CEO next year.



Caterpillar rose $1.22, or 2.1 percent, to $58.82 at 10:34 a.m. in New York Stock Exchange trading.



To contact the reporter on this story: Shruti Singh in Chicago at ssingh28@bloomberg.net



http://www.bloomberg.com/apps/news?p...d=aWaNyeYiD82U

Did you not want to post the entire article because it does not support your claims?

[quote name='Vortex' date='26 October 2009 - 11:32 AM' timestamp='1256574723' post='45017']

Would you be so kind as to provide a link to support the last line in your post?[/quote]



http://www.manufacturing.net/News-CA...rs-102609.aspx

I find this about Catepillar.

Which says exactly what I said.

Did you not want to post the entire article because it does not support your cliams?

How does it not?



Me>> "PEORIA, Ill. (AP) -- Caterpillar Inc. said Monday about 2,500 laid-off employees will be permanently cut from the company and 550 others will be brought back to work by the end of next year."





You>> "Caterpillar also began telling about 2,500 U.S. idled workers that they won’t get their jobs back and will be offered a separation package."

Well Stinger?

[quote name='Bourne' date='26 October 2009 - 11:37 AM' timestamp='1256575079' post='45020']

Well Stinger?

[/quote]



Well what?

The US - The Real Economy and the False Economy



Here is your damn proof that Obamanomics is a failure.

[quote name='Stinger' date='26 October 2009 - 11:38 AM' timestamp='1256575111' post='45021']

Well what?

[/quote]



Why edit the article? Why not post it complete and unedited?

[quote name='Bourne' date='26 October 2009 - 11:43 AM' timestamp='1256575414' post='45025']

Why edit the article? Why not post it complete and unedited?

[/quote]



Why? Does it say elsewhere the jobs Obama said would be created at Caterpillar are being created or the ones lost are being called back?



I posted the salient part vis-a-vis what Obama said, if you can refute it then do so.