The CEO of Caterpillar embarasses Mr. Obama on his porkulus bill.
This is the perfect example why Obama should have attended the Harvard School of Business instead of the Harvard School of Law. It's great when he proves me right about how ignorant he truly is when it comes to the economy. I knew from the very beginning his trojan stimulus bill wasn't going to do squat to create jobs in the private sector. People that actually support this sevrely flawed bill don't realize that most of the "shovel ready" projects Obama talks about won't begin until 2011 at the earliest. In the meantime, companies will continue to lay of workers by the thousands and tens of thousands. The CEO of the construction equipment maker Caterpillar even admitted this in a news conference when Obama visted his plant to use as a photo op.
While Obama was standing in front of the podium speaking forcefully about a bill he says will create jobs for Caterpillar as soon as it's passed, the CEO had to expose Obama as an absolute clueless idiot that knows nothing about the private sector. I guess Obama was under the impression that Caterpillar's operations are mainly concentrated in the United States. If he thought that, he would have thought wrong. Caterpillar has operations around the globe. Since the top economies in the worlds are currently experiencing recessions, construction spending has slowed globally as well. Caterpillar has to "continuously shed jobs to compensate for the GLOBAL downturn in construction projects. Of course the media isn't going to show how "the brilliant one" was made to look like a totally naive fool. Oh I forgot, we are all suppose to believe that Obama is the brilliant one and Palin is the dunce right?