He’s being schooled all right….
February 11, 2009
Obama: Caterpillar will rehire if stimulus passes
Tuesday March 17, 2009
Caterpillar lays off 2,454 workers in 3 states
PITTSBURGH (AP) — Caterpillar Inc. announced a fresh round of job cuts Tuesday, laying off more than 2,400 employees at five plants in Illinois, Indiana and Georgia as the heavy equipment maker continues to cut costs amid the global economic downturn.
Caterpillar, the world’s largest maker of mining and construction equipment, has seen its sales wither as the sluggish world economy and credit crises weaken demand for its products used to build everything from houses to highways. The company had expanded dramatically in recent years, helped by a building boom in developing countries.
No word yet if White House spokesman Robert Gibbs will blame Rush Limbaugh or Jim Cramer for today’s layoffs.