econarchy

Oh man, I first read about this on HotAir. Obama is going around lying (surprise, surprise) about Caterpillar offering to hire people back if the Stimulus package passes. Apparently Obama forgot that CEOs usually have, you know, like TVs and the Internets and stuff. Now the CEO is setting the story straight.

EAST PEORIA, ILL. — President Obama today repeated the claim we asked about yesterday at the press briefing that Jim Owens, the CEO of Caterpillar, Inc., “said that if Congress passes our plan, this company will be able to rehire some of the folks who were just laid off.”

Caterpillar announced 22,000 layoffs last month.

But after the president left the event, Owens said the exact opposite.

If you are up for a good laugh, check out the CEO clearing the air.