Obama really had a horrible day on Wednesday. I personally would have been rooting through the presidential liquor cabinet that night.
On Tuesday, a member of his National Economic Council, Jim Owens, says that his company, Caterpillar, will be able to rehire some of the 22,000 laid off workers at their production facilities if the stimulus bill passes. That same day, the stimulus bill passes the senate.
Wednesday, Obama flies to Peoria to make an impromptu appearance at a Caterpillar facility to tout his stimulus bill, and reiterate Owen's decision to rehire the laid off workers, now that the stimulus bill has passed. While Air Force One is in route to Peoria, Obama's pick for commerce secretary withdraws his name for consideration.
After Obama's speech, Jim Owens says that there is a strong possibility of more lay offs before Caterpillar will be in a position to call back affected workers, indicating that the soonest the latter action can occur would be toward the end of the third quarter, or fourth quarter.
Monday, February 16, 2009
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