Caterpillar is becoming a big headache for President Obama, and it is a self-induced one. Last February Obama visited an East Peoria Caterpillar plant where he claimed that the construction equipment giant would begin rehiring some laid-off workers as soon as his stimulus bill was enacted. After the speech, Cat's CEO not only said that Obama's claim wasn't true, but that even more workers might be laid off. Last summer Caterpillar announced that some of those laid off workers would not get their jobs back.
Yesterday Caterpillar sent a letter to House Speaker Nancy Pelosi (D-CA) and House Minority Leader John Boehner (R-OH), telling them that ObamaCare would cost the firm more than $100 million in its first year alone.
ObamaCare seems to have nine lives, but it might kill a Cat. Or force Caterpillar to ship jobs overseas.
What happened to Obama's laser-focus on jobs?
Related posts:
Caterpillar says some laid off workers will never be rehired
Despite Obama claim that stimulus would cause Caterpillar re-hirings, layoffs accelerated
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2 comments:
There is a laser focus on jobs. A death laser.
Obama to White House kitchen: "There's a caterpillar in my arugula!"
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